Federated Government Correlations

Mutual Funds . USA . 
Fund . Federated Government Income
FICMX Fund  USD 8.90  0.01  0.11%   
The current 90-days correlation between Federated Government and Alpine Ultra Short is 0.17 (i.e., Average 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

Very good diversification

The correlation between Federated Government Income and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Income 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 Income. 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 population.

Moving together with Federated Mutual Fund

  0.78FRIEX Federated Hermes EmergingPairCorr
  0.89STFSX Federated StrategicPairCorr
  0.89STISX Federated StrategicPairCorr
  0.96FSGVX Federated U SPairCorr
  0.88FSHIX Federated Short-intermediaPairCorr
  0.93FSGIX Federated Gov SecPairCorr
  0.94FSILX Federated Short TermPairCorr
  0.93FSTIX Federated Short TermPairCorr
  0.77PIEFX Pnc Emerging MarketsPairCorr
  0.7PIGDX Pnc International GrowthPairCorr
  0.82SVALX Federated Strategic ValuePairCorr
  0.96FTGSX Federated Total ReturnPairCorr
  0.82SVAAX Federated Strategic ValuePairCorr
  0.82SVAIX Federated Strategic ValuePairCorr
  0.63PIUCX Pnc International EquityPairCorr
  0.93RRFAX Federated Real ReturnPairCorr
  0.96FTRBX Federated Total ReturnPairCorr
  0.96FTRGX Federated Total ReturnPairCorr
  0.96FTRLX Federated Total ReturnPairCorr
  0.93FCSPX Federated Porate BondPairCorr
  0.91FULAX Federated Ultrashort BondPairCorr
  0.91FULBX Federated Ultrashort BondPairCorr
  0.92FULLX Federated Hermes UltPairCorr
  0.92FDBIX Federated BondPairCorr
  0.95FUSCX Federated Fund ForPairCorr
  0.95FUSGX Federated Fund ForPairCorr
  0.92FEUSX Federated GovernmentPairCorr
  0.61QQMNX Federated Hermes MdtPairCorr
  0.65PMIEX Pnc International EquityPairCorr
  0.95FGCSX Federated Short IntePairCorr
  0.96FGFIX Federated MortgagePairCorr

Moving against Federated Mutual Fund

  0.82QLSGX Federated Mdt SmallPairCorr
  0.82QASGX Federated Mdt SmallPairCorr
  0.79FHUMX Federated Hermes SmidPairCorr
  0.74FHEQX Federated Hermes SdgPairCorr
  0.72KLCAX Federated Kaufmann LargePairCorr
  0.69VSFIX Federated Clover SmallPairCorr
  0.67QALGX Federated Mdt LargePairCorr
  0.64VSFSX Federated Clover SmallPairCorr
  0.64FGSAX Federated Mdt MidPairCorr
  0.64FGSKX Federated Mdt MidPairCorr

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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