Federated Prudent Correlations

Mutual Funds . USA . 
Fund . Federated Prudent Bear
PBRCX Fund  USD 3.54  0.01  0.28%   
The current 90-days correlation between Federated Prudent Bear and Siit High Yield is -0.54 (i.e., Excellent diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Pay attention - limited upside

The correlation between Federated Prudent Bear and DJI is -0.9 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Prudent Bear. 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 main economic indicators.

Moving against Federated Mutual Fund

  1.0QKACX Federated Mdt AllPairCorr
  0.99QLSGX Federated Mdt SmallPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.98QLSCX Federated Mdt SmallPairCorr
  0.97FRSAX Federated Floating RatePairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.94EMDIX Federated Emerging MarketPairCorr
  0.94FRIEX Federated Hermes EmergingPairCorr
  0.93STISX Federated StrategicPairCorr
  0.93FSHIX Federated Short-intermediaPairCorr
  0.92STILX Federated StrategicPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.47FSGVX Federated U SPairCorr
  0.99FSTLX Federated Mdt LargePairCorr
  0.95FSHSX Federated Short IntePairCorr
  0.95FSTKX Federated Mdt LargePairCorr
  0.95FSTRX Federated Mdt LargePairCorr
  0.95FSTBX Federated Global AllPairCorr
  0.94PIEFX Pnc Emerging MarketsPairCorr
  0.92PIGDX Pnc International GrowthPairCorr
  0.87FSTYX Federated Short TermPairCorr
  0.87FTIAX Federated Short TermPairCorr
  0.86INISX Federated IntermediatePairCorr
  0.86FSILX Federated Short TermPairCorr
  0.86FSTIX Federated Short TermPairCorr
  0.86SVALX Federated Strategic ValuePairCorr
  0.86SVAAX Federated Strategic ValuePairCorr
  0.57FSGIX Federated Gov SecPairCorr
  0.41FTGLX Federated Total ReturnPairCorr
  0.38FTGSX Federated Total ReturnPairCorr
  0.93PIUCX Pnc International EquityPairCorr
  0.93PIUIX Pnc International EquityPairCorr
  0.92FULAX Federated Ultrashort BondPairCorr
  0.92FULBX Federated Ultrashort BondPairCorr
  0.89FULIX Federated Ultrashort BondPairCorr
  0.86SVAIX Federated Strategic ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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