Federated Hermes Correlations
FCBRX Fund | USD 6.22 0.01 0.16% |
The current 90-days correlation between Federated Hermes and Ab Municipal Bond is -0.17 (i.e., Good 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.
Federated |
Moving together with Federated Mutual Fund
0.83 | EMDIX | Federated Emerging Market | PairCorr |
0.72 | FRIEX | Federated Hermes Emerging | PairCorr |
0.86 | STFSX | Federated Strategic | PairCorr |
0.86 | STIAX | Federated Strategic | PairCorr |
0.91 | STILX | Federated Strategic | PairCorr |
0.86 | STISX | Federated Strategic | PairCorr |
0.86 | FSGVX | Federated U S | PairCorr |
0.83 | FSHIX | Federated Short Inte | PairCorr |
0.99 | INISX | Federated Intermediate | PairCorr |
0.74 | FSHSX | Federated Short-intermedia | PairCorr |
0.87 | FSILX | Federated Short Term | PairCorr |
0.95 | FSTIX | Federated Short Term | PairCorr |
0.65 | FSTYX | Federated Short Term | PairCorr |
0.73 | PIEFX | Pnc Emerging Markets | PairCorr |
0.67 | PIGDX | Pnc International Growth | PairCorr |
0.86 | SVALX | Federated Strategic Value | PairCorr |
0.86 | FTIAX | Federated Short Term | PairCorr |
0.8 | FTGLX | Federated Total Return | PairCorr |
0.99 | FTGSX | Federated Total Return | PairCorr |
0.86 | SVAAX | Federated Strategic Value | PairCorr |
0.88 | SVAIX | Federated Strategic Value | PairCorr |
0.85 | SVACX | Federated Strategic Value | PairCorr |
0.75 | PIUCX | Pnc International Equity | PairCorr |
0.79 | PIUIX | Pnc International Equity | PairCorr |
0.89 | RRFAX | Federated Real Return | PairCorr |
0.99 | FTRBX | Federated Total Return | PairCorr |
0.9 | FTRFX | Federated Total Return | PairCorr |
0.9 | FTRGX | Federated Total Return | PairCorr |
0.9 | FTRKX | Federated Total Return | PairCorr |
Moving against Federated Mutual Fund
0.74 | QLSCX | Federated Mdt Small | PairCorr |
0.73 | QLSGX | Federated Mdt Small | PairCorr |
0.33 | QKACX | Federated Mdt All | PairCorr |
0.64 | VSFCX | Federated Clover Small | PairCorr |
0.55 | VSFAX | Federated Clover Small | PairCorr |
Related Correlations Analysis
0.87 | 0.66 | 0.7 | 0.91 | AUNCX | ||
0.87 | 0.86 | 0.89 | 0.99 | AMHIX | ||
0.66 | 0.86 | 1.0 | 0.83 | USGFX | ||
0.7 | 0.89 | 1.0 | 0.85 | GSOIX | ||
0.91 | 0.99 | 0.83 | 0.85 | PBCAX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AUNCX | 0.10 | 0.02 | 0.44 | 1.19 | 0.00 | 0.28 | 0.74 | |||
AMHIX | 0.18 | 0.02 | 0.30 | 0.31 | 0.17 | 0.46 | 1.12 | |||
USGFX | 0.25 | 0.05 | 0.43 | 1.48 | 0.04 | 0.60 | 1.55 | |||
GSOIX | 0.23 | 0.05 | 0.42 | 0.97 | 0.05 | 0.63 | 1.42 | |||
PBCAX | 0.11 | 0.01 | 0.34 | 0.18 | 0.05 | 0.30 | 0.82 |