Federated Investors Correlations

FHI Stock

USD 39.38 0.40 1.01%

The current 90-days correlation between Federated Investors and Federated Premier Municipal is 0.31 (i.e., Weak diversification). The correlation of Federated Investors 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.

Federated Investors Correlation With Market

Very weak diversification

The correlation between Federated Investors B and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Investors B 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 Investors B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Federated Stock

0.67	WD	Walker Dunlop	Pair Corr
0.69	CODI	Compass Diversified	Pair Corr
0.78	DHIL	Diamond Hill Investment	Pair Corr

Moving against Federated Stock

0.6	PT	Pintec Technology	Pair Corr
0.51	OPFI	OppFi Inc	Pair Corr
0.49	CNF	CNFinance Holdings	Pair Corr
0.42	V	Visa Class A	Pair Corr
0.36	GDST	Goldenstone Acquisition	Pair Corr
0.34	COF	Capital One Financial	Pair Corr
0.34	DFS	Discover Financial	Pair Corr
0.52	BK	Bank of New York	Pair Corr
0.51	COOP	Mr Cooper Group	Pair Corr
0.5	C	Citigroup Aggressive Push	Pair Corr
0.48	BBDC	Barings BDC	Pair Corr
0.62	GL	Globe Life	Pair Corr
0.39	DB	Deutsche Bank AG	Pair Corr
0.37	LX	Lexinfintech Holdings	Pair Corr
0.34	LU	Lufax Holding	Pair Corr
0.33	GS	Goldman Sachs Group	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	MUI	MQY	MYI	MUE	MVF
FMN		0.92	-0.27	0.36	-0.57	0.79	0.92	0.9	0.88	FMN
MYD	0.92		-0.26	0.39	-0.64	0.89	0.89	0.94	0.88	MYD
DHIL	-0.27	-0.26		-0.47	0.43	-0.03	-0.2	-0.14	-0.39	DHIL
NXG	0.36	0.39	-0.47		-0.25	0.04	0.37	0.25	0.53	NXG
MUI	-0.57	-0.64	0.43	-0.25		-0.58	-0.53	-0.56	-0.47	MUI
MQY	0.79	0.89	-0.03	0.04	-0.58		0.74	0.9	0.67	MQY
MYI	0.92	0.89	-0.2	0.37	-0.53	0.74		0.89	0.91	MYI
MUE	0.9	0.94	-0.14	0.25	-0.56	0.9	0.89		0.85	MUE
MVF	0.88	0.88	-0.39	0.53	-0.47	0.67	0.91	0.85		MVF
	FMN	MYD	DHIL	NXG	MUI	MQY	MYI	MUE	MVF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MUE	+ 0.94	MYD
MYD	+ 0.92	FMN
MYI	+ 0.92	FMN
MVF	+ 0.91	MYI
MUE	+ 0.9	FMN
MUE	+ 0.9	MQY

High negative correlations

MUI	- 0.64	MYD
MQY	- 0.58	MUI
MUI	- 0.57	FMN
MUE	- 0.56	MUI
MYI	- 0.53	MUI
MVF	- 0.47	MUI

Risk-Adjusted Indicators

There is a big difference between Federated Stock performing well and Federated Investors Company 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 Investors' 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
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
MYD	0.47	(0.04)	0.00	(0.30)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.88	(0.10)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.56	0.14	0.06	0.21	2.69	(1.47)	3.26	(4.66)	13.35
MUI	0.46	(0.03)	0.00	(0.30)	0.00	0.00	0.73	(1.40)	3.95
MQY	0.52	(0.06)	0.00	(0.30)	0.00	0.00	1.04	(1.18)	2.85
MYI	0.50	0.00	0.00	(0.06)	0.00	0.00	0.91	(1.08)	3.13
MUE	0.55	(0.03)	0.00	(0.20)	0.00	0.00	1.20	(1.25)	2.77
MVF	0.49	0.01	0.10	0.01	0.63	(0.54)	1.12	(0.99)	3.98

Federated Investors Corporate Management

Todd CFA	Senior VP	Profile
Stephen Meter	Chief Compliance Officer and Vice President	Profile
Paul Uhlman	Vice President and Presidentident of Federated Securities Corp	Profile
Richard Novak	Principal Accounting Officer, Vice President Assistant Treasurer	Profile
CPA III	Vice Company	Profile

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