Federated Ultrashort Correlations

Mutual Funds . USA . 
Fund . Federated Ultrashort Bond
FULIX Fund  USD 9.28  0.00  0.00%   
The current 90-days correlation between Federated Ultrashort Bond and Vy Blackrock Inflation is -0.12 (i.e., Good diversification). The correlation of Federated Ultrashort 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 Ultrashort Correlation With Market

Significant diversification

The correlation between Federated Ultrashort Bond and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Ultrashort Bond 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 Ultrashort Bond. 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.95EMDIX Federated Emerging MarketPairCorr
  0.91QKACX Federated Mdt AllPairCorr
  0.92QKBGX Federated Mdt BalancedPairCorr
  0.93SBFIX Federated Global AllPairCorr
  0.89FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.92STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.92FSBCX Federated Global AllPairCorr
  0.93FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.91QLSGX Federated Mdt SmallPairCorr
  0.91QLSCX Federated Mdt SmallPairCorr
  0.84FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short-intermediaPairCorr
  0.79FSGIX Federated Gov SecPairCorr
  0.93INISX Federated IntermediatePairCorr
  0.97FSHSX Federated Short IntePairCorr
  0.98FSILX Federated Short TermPairCorr
  0.95FSTIX Federated Short TermPairCorr
  0.92FSTKX Federated Mdt LargePairCorr
  0.92FSTLX Federated Mdt LargePairCorr
  0.91FSTRX Federated Mdt LargePairCorr
  0.96FSTYX Federated Short TermPairCorr
  0.92FSTBX Federated Global AllPairCorr
  0.89PIEFX Pnc Emerging MarketsPairCorr
  0.84PIGDX Pnc International GrowthPairCorr
  0.92SVALX Federated Strategic ValuePairCorr
  0.95FTIAX Federated Short TermPairCorr
  0.92SVAAX Federated Strategic ValuePairCorr
  0.91SVAIX Federated Strategic ValuePairCorr
  0.89SVACX Federated Strategic ValuePairCorr
  0.87PIUCX Pnc International EquityPairCorr
  0.87PIUIX Pnc International EquityPairCorr

Moving against Federated Mutual Fund

  0.9BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Ultrashort 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 Ultrashort'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.

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