Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes
FCBRX Fund  USD 6.24  0.01  0.16%   
The current 90-days correlation between Federated Hermes and Simt Multi Asset Inflation is 0.11 (i.e., Average diversification). The correlation of Federated Hermes 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 Hermes Correlation With Market

Average diversification

The correlation between Federated Hermes and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes 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 Hermes. 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

  0.7EMDIX Federated Emerging MarketPairCorr
  0.63QKBGX Federated Mdt BalancedPairCorr
  0.69SBFIX Federated Global AllPairCorr
  0.65FRIEX Federated Hermes EmergingPairCorr
  0.81STFSX Federated StrategicPairCorr
  0.81STIAX Federated StrategicPairCorr
  0.85STILX Federated StrategicPairCorr
  0.81STISX Federated StrategicPairCorr
  0.7FSBCX Federated Global AllPairCorr
  0.7FSBKX Federated Global AllPairCorr
  0.69FSBLX Federated Global AllPairCorr
  0.73FSHIX Federated Short-intermediaPairCorr
  0.93INISX Federated IntermediatePairCorr
  0.77FSHSX Federated Short IntePairCorr
  0.62FSTKX Federated Mdt LargePairCorr
  0.62FSTLX Federated Mdt LargePairCorr
  0.62FSTRX Federated Mdt LargePairCorr
  0.7FSTBX Federated Global AllPairCorr
  0.63PIEFX Pnc Emerging MarketsPairCorr
  0.71PIGDX Pnc International GrowthPairCorr
  0.83SVALX Federated Strategic ValuePairCorr
  0.99FTGLX Federated Total ReturnPairCorr
  0.99FTGSX Federated Total ReturnPairCorr
  0.83SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.84SVACX Federated Strategic ValuePairCorr
  0.61PIUCX Pnc International EquityPairCorr
  0.67PIUIX Pnc International EquityPairCorr
  0.89RRFAX Federated Real ReturnPairCorr
  0.91RRFCX 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 Hermes 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 Hermes' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY