Federated Short Correlations

FMTAX Fund  USD 9.97  0.01  0.10%   
The current 90-days correlation between Federated Short Inte and T Rowe Price is 0.01 (i.e., Significant diversification). The correlation of Federated Short 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 Short Correlation With Market

Average diversification

The correlation between Federated Short Intermediate D and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Intermediate D 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 Short Intermediate Duration. 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 nation.

Moving together with Federated Mutual Fund

  0.84EMDIX Federated Emerging MarketPairCorr
  0.64SBFIX Federated Global AllPairCorr
  0.78STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.81STILX Federated StrategicPairCorr
  0.86STISX Federated StrategicPairCorr
  0.65FSBCX Federated Global AllPairCorr
  0.64FSBKX Federated Global AllPairCorr
  0.64FSBLX Federated Global AllPairCorr
  0.8FSGVX Federated U SPairCorr
  0.98FSHIX Federated Short-intermediaPairCorr
  0.84FSGIX Federated Gov SecPairCorr
  0.79INISX Federated IntermediatePairCorr
  0.99FSHSX Federated Short-intermediaPairCorr
  0.62FSTIX Federated Short TermPairCorr
  0.87FSTYX Federated Short TermPairCorr
  0.63FSTBX Federated Global AllPairCorr
  0.84FTIAX Federated Short TermPairCorr
  0.71FTIBX Federated Global TotalPairCorr
  0.7FTIIX Federated Global TotalPairCorr
  0.81FTGLX Federated Total ReturnPairCorr
  0.81FTGSX Federated Total ReturnPairCorr

Related Correlations Analysis

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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   
LIOTXPRNHX
CIPMXPRNHX
CIPMXLIOTX
CIPMXNEMUX
NEMUXLIOTX
NEMUXPRNHX
  
High negative correlations   
NQQQXNEMUX
TIMXXNQQQX
TIMXXCIPMX
TIMXXNEMUX
TIMXXLIOTX
TIMXXPRNHX

Risk-Adjusted Indicators

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