Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Ultrashort
FEUSX Fund  USD 9.82  0.00  0.00%   
The current 90-days correlation between Federated Government and Gmo Global Equity is -0.1 (i.e., Good diversification). The correlation of Federated Government 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 Government Correlation With Market

Significant diversification

The correlation between Federated Government Ultrashor and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Ultrashor 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 Government Ultrashort. 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 state.

Moving together with Federated Mutual Fund

  0.68FRIEX Federated Hermes EmergingPairCorr
  0.67FSGVX Federated U SPairCorr
  0.66FSGIX Federated Gov SecPairCorr
  0.68FSILX Federated Short TermPairCorr
  0.65FSTIX Federated Short TermPairCorr
  0.67PIEFX Pnc Emerging MarketsPairCorr
  0.73SVALX Federated Strategic ValuePairCorr
  0.74FTGSX Federated Total ReturnPairCorr
  0.7PIUCX Pnc International EquityPairCorr
  0.69RRFAX Federated Real ReturnPairCorr
  0.72FTRBX Federated Total ReturnPairCorr
  0.74FTRGX Federated Total ReturnPairCorr
  0.72FTRLX Federated Total ReturnPairCorr
  0.7FCSPX Federated Porate BondPairCorr
  0.63FULAX Federated Ultrashort BondPairCorr
  0.62FULBX Federated Ultrashort BondPairCorr
  0.66FULLX Federated Hermes UltPairCorr
  0.69FDBIX Federated BondPairCorr
  0.75FUSCX Federated Fund ForPairCorr
  0.87FUSGX Federated Fund ForPairCorr
  0.64PMIEX Pnc International EquityPairCorr
  0.7FGCSX Federated Short IntePairCorr
  0.87FGFIX Federated MortgagePairCorr

Moving against Federated Mutual Fund

  0.7QLSGX Federated Mdt SmallPairCorr
  0.47QKACX Federated Mdt AllPairCorr
  0.83FHUMX Federated Hermes Smid Potential GrowthPairCorr
  0.75VSFIX Federated Clover SmallPairCorr
  0.72FHEQX Federated Hermes SdgPairCorr
  0.7QASGX Federated Mdt SmallPairCorr
  0.69FGSAX Federated Mdt MidPairCorr
  0.63VSFSX Federated Clover SmallPairCorr
  0.63KLCAX Federated Kaufmann LargePairCorr
  0.61FGSKX Federated Mdt MidPairCorr
  0.59QALGX Federated Mdt LargePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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