Federated Floating Correlations

FRSAX Fund

USD 8.59 0.01 0.12%

The current 90-days correlation between Federated Floating Rate and Touchstone Small Cap is -0.18 (i.e., Good diversification). The correlation of Federated Floating 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 Floating Correlation With Market

Good diversification

The correlation between Federated Floating Rate and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Floating Rate 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 Floating Rate. 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

0.71	EMDIX	Federated Emerging Market	Pair Corr
0.66	STFSX	Federated Strategic	Pair Corr
0.66	STIAX	Federated Strategic	Pair Corr
0.67	STILX	Federated Strategic	Pair Corr
0.67	STISX	Federated Strategic	Pair Corr
0.67	FSGVX	Federated U S	Pair Corr
0.75	FSHIX	Federated Short-intermedia	Pair Corr
0.61	FSGIX	Federated Gov Sec	Pair Corr
0.74	FSHSX	Federated Short-intermedia	Pair Corr
0.66	FSILX	Federated Short Term	Pair Corr
0.64	FSTIX	Federated Short Term	Pair Corr
0.67	FSTYX	Federated Short Term	Pair Corr
0.68	SVALX	Federated Strategic Value	Pair Corr
0.65	FTIAX	Federated Short Term	Pair Corr
0.68	SVAAX	Federated Strategic Value	Pair Corr
0.69	SVAIX	Federated Strategic Value	Pair Corr
0.68	SVACX	Federated Strategic Value	Pair Corr
0.64	RRFAX	Federated Real Return	Pair Corr
0.64	RRFCX	Federated Real Return	Pair Corr

Moving against Federated Mutual Fund

0.34

QLSGX

Federated Mdt Small

Pair Corr

Related Correlations Analysis

	TVOYX	CMPAX	QLMSTX	GLVIX	QSERX	DFUKX	PMDDX
TVOYX		0.98	0.97	0.81	0.96	-0.21	0.98	TVOYX
CMPAX	0.98		0.93	0.73	0.95	-0.25	0.96	CMPAX
QLMSTX	0.97	0.93		0.87	0.95	-0.17	0.94	QLMSTX
GLVIX	0.81	0.73	0.87		0.72	0.17	0.77	GLVIX
QSERX	0.96	0.95	0.95	0.72		-0.21	0.92	QSERX
DFUKX	-0.21	-0.25	-0.17	0.17	-0.21		-0.25	DFUKX
PMDDX	0.98	0.96	0.94	0.77	0.92	-0.25		PMDDX
	TVOYX	CMPAX	QLMSTX	GLVIX	QSERX	DFUKX	PMDDX

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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

CMPAX	+ 0.98	TVOYX
PMDDX	+ 0.98	TVOYX
QLMSTX	+ 0.97	TVOYX
QSERX	+ 0.96	TVOYX
PMDDX	+ 0.96	CMPAX
QSERX	+ 0.95	CMPAX

High negative correlations

PMDDX	- 0.25	DFUKX
DFUKX	- 0.25	CMPAX
DFUKX	- 0.21	QSERX
DFUKX	- 0.21	TVOYX
DFUKX	- 0.17	QLMSTX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Floating 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 Floating'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TVOYX	0.86	(0.11)	(0.10)	1.52	(1.95)	4.01
CMPAX	0.77	(0.11)	(0.12)	1.21	(1.63)	3.50
QLMSTX	1.04	(0.12)	(0.10)	1.75	(2.77)	5.65
GLVIX	0.93	(0.04)	(0.04)	1.52	(2.12)	5.60
QSERX	1.00	(0.14)	(0.11)	1.89	(2.37)	5.43
DFUKX	0.80	(0.03)	0.10	1.96	(2.04)	6.05
PMDDX	0.84	(0.09)	(0.09)	1.52	(1.78)	3.94

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