Federated Muni Correlations
FMUIX Fund | USD 14.88 0.06 0.40% |
The current 90-days correlation between Federated Muni And and Ab Small Cap is 0.34 (i.e., Weak diversification). The correlation of Federated Muni 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 Muni Correlation With Market
Poor diversification
The correlation between Federated Muni And and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Muni And and DJI in the same portfolio, assuming nothing else is changed.
Federated |
Moving together with Federated Mutual Fund
0.72 | VWINX | Vanguard Wellesley Income | PairCorr |
0.86 | BKMIX | Blackrock Multi Asset | PairCorr |
0.92 | FTYPX | Fidelity Freedom Index | PairCorr |
0.85 | FFBTX | Fidelity Freedom Blend | PairCorr |
0.88 | GCAVX | Gmo Small Cap | PairCorr |
0.66 | GQLOX | Gmo Quality Fund | PairCorr |
0.73 | GHVIX | Gmo High Yield | PairCorr |
0.82 | PFJAX | Putnam High Yield | PairCorr |
0.67 | MHHIX | Mainstay High Yield | PairCorr |
0.61 | T | ATT Inc Earnings Call This Week | PairCorr |
0.63 | BAC | Bank of America | PairCorr |
0.63 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.64 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Federated Mutual Fund
0.47 | GAAVX | Gmo Alternative Allo | PairCorr |
0.47 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
0.94 | 0.85 | 0.0 | 0.88 | 0.94 | 0.89 | QUAZX | ||
0.94 | 0.88 | 0.0 | 0.74 | 0.91 | 0.83 | RYSVX | ||
0.85 | 0.88 | 0.0 | 0.58 | 0.72 | 0.79 | TFAGX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CCMSX | ||
0.88 | 0.74 | 0.58 | 0.0 | 0.9 | 0.82 | ARTSX | ||
0.94 | 0.91 | 0.72 | 0.0 | 0.9 | 0.84 | VYRDX | ||
0.89 | 0.83 | 0.79 | 0.0 | 0.82 | 0.84 | LMLRX | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Federated Mutual Fund performing well and Federated Muni 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 Muni'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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QUAZX | 1.00 | 0.03 | 0.01 | 0.06 | 1.35 | 1.93 | 9.06 | |||
RYSVX | 0.93 | 0.04 | 0.03 | 0.11 | 1.21 | 1.99 | 10.89 | |||
TFAGX | 0.66 | 0.02 | 0.01 | 0.08 | 0.94 | 1.44 | 5.84 | |||
CCMSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
ARTSX | 1.04 | (0.03) | 0.00 | (0.03) | 0.00 | 2.14 | 8.55 | |||
VYRDX | 0.80 | 0.02 | 0.01 | 0.06 | 1.04 | 1.66 | 10.40 | |||
LMLRX | 0.28 | (0.02) | 0.00 | (0.10) | 0.00 | 0.54 | 2.14 |