Federated Institutional Correlations

Mutual Funds . USA . 
Fund . Federated Institutional High
FIHLX Fund  USD 8.94  0.01  0.11%   
The current 90-days correlation between Federated Institutional and Vanguard High Yield Corporate is 0.75 (i.e., Poor diversification). The correlation of Federated Institutional 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 Institutional Correlation With Market

Average diversification

The correlation between Federated Institutional High and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Institutional High 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 Institutional High. 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 bureau of economic analysis.

Moving together with FEDERATED Mutual Fund

  0.66QKBGX Federated Mdt BalancedPairCorr
  0.73SBFIX Federated Global AllPairCorr
  0.72FSBCX Federated Global AllPairCorr
  0.72FSBKX Federated Global AllPairCorr
  0.73FSBLX Federated Global AllPairCorr
  0.65FSILX Federated Short TermPairCorr
  0.67FSTYX Federated Short TermPairCorr
  0.73FSTBX Federated Global AllPairCorr
  0.67SVAAX Federated Strategic ValuePairCorr
  0.67SVAIX Federated Strategic ValuePairCorr
  0.67SVACX Federated Strategic ValuePairCorr

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 Institutional 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 Institutional'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWEAX  0.10  0.00 (0.49) 0.24  0.00 
(0.23)
 0.37 
(0.18)
 0.74 
VWEHX  0.10  0.00 (0.51) 0.18  0.00 
(0.22)
 0.19 
(0.18)
 0.73 
BHYCX  0.11  0.01 (0.51) 0.24  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYIX  0.12  0.01 (0.43) 0.23  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
BHYSX  0.14  0.01 (0.49) 0.21  0.00 
(0.20)
 0.28 
(0.28)
 0.85 
BHYAX  0.13  0.01 (0.47) 0.23  0.00 
(0.21)
 0.28 
(0.28)
 0.85 
FAHHX  0.13  0.02 (0.53) 0.33  0.00 
(0.20)
 0.31 
(0.20)
 0.92 
FTAHX  0.13  0.02 (0.56) 0.34  0.00 
(0.20)
 0.31 
(0.20)
 0.83 
AHTFX  0.13  0.02 (0.53) 0.32  0.00 
(0.20)
 0.31 
(0.20)
 0.93 
AHTCX  0.13  0.01 (0.55) 0.28  0.00 
(0.19)
 0.31 
(0.20)
 0.83 

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