Federated Short Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTYX Fund  USD 8.53  0.01  0.12%   
The correlation of Federated Short is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Short Correlation With Market

Good diversification

The correlation between Federated Short Term Income and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Short Term Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Federated Mutual Fund

  0.69EMDIX Federated Emerging MarketPairCorr
  0.88QKACX Federated Mdt AllPairCorr
  0.89QKBGX Federated Mdt BalancedPairCorr
  0.9SBFIX Federated Global AllPairCorr
  0.94STFSX Federated StrategicPairCorr
  0.92STIAX Federated StrategicPairCorr
  0.93STILX Federated StrategicPairCorr
  0.73STISX Federated StrategicPairCorr
  0.68FRSAX Federated Floating RatePairCorr
  0.71FSBCX Federated Global AllPairCorr
  0.71FSBKX Federated Global AllPairCorr
  0.91FSBLX Federated Global AllPairCorr
  0.62QLSGX Federated Mdt SmallPairCorr
  0.71QLSCX Federated Mdt SmallPairCorr
  0.64FSGVX Federated U SPairCorr
  0.78FSHIX Federated Short-intermediaPairCorr
  0.67INISX Federated IntermediatePairCorr
  0.72FSHSX Federated Short IntePairCorr
  1.0FSILX Federated Short TermPairCorr
  0.97FSTIX Federated Short TermPairCorr
  0.62FSTKX Federated Mdt LargePairCorr
  0.89FSTLX Federated Mdt LargePairCorr
  0.65FSTRX Federated Mdt LargePairCorr
  0.65FSTBX Federated Global AllPairCorr
  0.87PIEFX Pnc Emerging MarketsPairCorr
  0.82PIGDX Pnc International GrowthPairCorr
  0.68SVALX Federated Strategic ValuePairCorr
  0.68FTIAX Federated Short TermPairCorr
  0.68SVAAX Federated Strategic ValuePairCorr
  0.89SVAIX Federated Strategic ValuePairCorr
  0.65PIUCX Pnc International EquityPairCorr
  0.65PIUIX Pnc International EquityPairCorr
  0.73RRFAX Federated Real ReturnPairCorr
  0.67RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Short's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.18  0.07 (0.21) 0.69  0.00 
(0.27)
 0.50 
(0.25)
 1.10 
QKACX  0.65  0.16  0.17  0.30  0.43 
(0.82)
 1.97 
(1.28)
 4.99 
QKBGX  0.41  0.19  0.07 (1.73) 0.20 
(0.47)
 1.29 
(0.88)
 2.90 
SBFIX  0.36  0.09  0.04  0.32  0.00 
(0.43)
 1.11 
(0.71)
 2.23 
FRIEX  0.65  0.23  0.24  0.61  0.00 
(0.78)
 2.36 
(0.96)
 4.12 
STFSX  0.19  0.04 (0.30)(4.43) 0.02 
(0.24)
 0.49 
(0.36)
 1.25 
STIAX  0.20  0.05 (0.32)(1.45) 0.00 
(0.24)
 0.37 
(0.36)
 1.24 
STILX  0.19  0.06 (0.30)(1.40) 0.00 
(0.24)
 0.38 
(0.25)
 1.51 
STISX  0.16  0.03 (0.36) 0.52  0.00 
(0.21)
 0.37 
(0.25)
 1.00 
FRSAX  0.08  0.03  0.00  0.97  0.00 
 0.00 
 0.24 
 0.00 
 0.70 

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