Federated Prudent Correlations

Mutual Funds . USA . 
Fund . Federated Prudent Bear
PBRCX Fund  USD 3.34  0.01  0.30%   
The current 90-days correlation between Federated Prudent Bear and Global Technology Portfolio is 0.12 (i.e., Average 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

Average diversification

The correlation between Federated Prudent Bear and DJI is 0.15 (i.e., Average diversification) 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 national income and product accounts.

Moving together with Federated Mutual Fund

  0.98PSTIX Stocksplus Tr ShortPairCorr
  0.85PBRIX Federated Prudent BearPairCorr
  0.86BEARX Federated Prudent BearPairCorr
  0.99PSSCX Pimco StocksplusPairCorr
  0.83PSSAX Pimco StocksplusPairCorr
  0.83PSNNX Pimco Stocksplus ShortPairCorr
  0.85RYURX Inverse Sp 500PairCorr
  0.99RYUCX Inverse Sp 500PairCorr

Moving against Federated Mutual Fund

  0.99FNILX Fidelity Zero LargePairCorr
  0.92VIVAX Vanguard Value IndexPairCorr
  0.91LPXRX Cohen Steers LowPairCorr
  0.8NHS Neuberger Berman HighPairCorr
  0.78GHVIX Gmo High YieldPairCorr
  0.76TFAGX Tfa Alphagen GrowthPairCorr
  0.73FHNFX Fidelity Series GovePairCorr
  0.54GRZZX Grizzly ShortPairCorr
  0.46GCEPX Goldman Sachs CleanPairCorr
  0.99FXAIX Fidelity 500 IndexPairCorr
  0.98FGRTX Fidelity Mega CapPairCorr
  0.94JDIRX Janus OverseasPairCorr
  0.89JCONX Janus ContrarianPairCorr
  0.85VTISX Vanguard Total InterPairCorr
  0.82LSAAX Locorr Strategic AllPairCorr
  0.81MIGPX Global Advantage PorPairCorr
  0.81BGNMX Ginnie Mae FundPairCorr
  0.79FADTX Fidelity Advisor TecPairCorr
  0.79LIIAX Columbia Porate IncomePairCorr
  0.77NVG Nuveen Amt FreePairCorr
  0.77LUSNX Lord Abbett UltraPairCorr
  0.76MSTPX Morningstar MunicipalPairCorr
  0.75PHLCX Prudential Health Steady GrowthPairCorr
  0.72PCNTX Putnam ConvertiblePairCorr
  0.56NAZ Nuveen Arizona QualityPairCorr

Related Correlations Analysis


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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