Federated Correlations

FSGVX Fund

USD 9.65 0.01 0.10%

The current 90-days correlation between Federated U S and Financial Services Portfolio is 0.14 (i.e., Average diversification). The correlation of Federated 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 Correlation With Market

Average diversification

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

Moving together with Federated Mutual Fund

0.83	FRSAX	Federated Floating Rate	Pair Corr
0.69	FSHIX	Federated Short-intermedia	Pair Corr
0.99	FSGIX	Federated Gov Sec	Pair Corr
0.63	FSHSX	Federated Short Inte	Pair Corr
0.88	FSILX	Federated Short Term	Pair Corr
0.86	FSTIX	Federated Short Term	Pair Corr
0.98	FSTYX	Federated Short Term	Pair Corr
0.75	SVALX	Federated Strategic Value	Pair Corr
0.99	FTIAX	Federated Short Term	Pair Corr
0.7	SVAAX	Federated Strategic Value	Pair Corr
0.65	SVAIX	Federated Strategic Value	Pair Corr
0.64	SVACX	Federated Strategic Value	Pair Corr
0.68	RRFAX	Federated Real Return	Pair Corr
0.75	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	FIDSX	FAFSX	VFAIX	FTIXX	IAAEX	GCFSX	MCBXX	FNPIX
FIDSX		0.92	0.62	0.0	0.79	0.56	0.0	0.73	FIDSX
FAFSX	0.92		0.76	0.0	0.77	0.61	0.0	0.84	FAFSX
VFAIX	0.62	0.76		0.0	0.21	0.87	0.0	0.98	VFAIX
FTIXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FTIXX
IAAEX	0.79	0.77	0.21	0.0		0.15	0.0	0.36	IAAEX
GCFSX	0.56	0.61	0.87	0.0	0.15		0.0	0.85	GCFSX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MCBXX
FNPIX	0.73	0.84	0.98	0.0	0.36	0.85	0.0		FNPIX
	FIDSX	FAFSX	VFAIX	FTIXX	IAAEX	GCFSX	MCBXX	FNPIX

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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

FNPIX	+ 0.98	VFAIX
FAFSX	+ 0.92	FIDSX
GCFSX	+ 0.87	VFAIX
FNPIX	+ 0.85	GCFSX
FNPIX	+ 0.84	FAFSX
IAAEX	+ 0.79	FIDSX

High negative correlations

FNPIX	- 0.0	MCBXX
MCBXX	- 0.0	GCFSX
MCBXX	- 0.0	IAAEX
FNPIX	- 0.0	FTIXX
MCBXX	- 0.0	FTIXX
GCFSX	- 0.0	FTIXX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated 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'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
FIDSX	0.75	(0.06)	0.00	(0.72)	0.00	0.00	1.26	(1.67)	4.93
FAFSX	0.70	(0.05)	0.00	(0.07)	0.00	0.00	1.21	(1.69)	4.80
VFAIX	0.66	0.02	0.02	0.02	0.98	(0.67)	1.27	(1.53)	4.70
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.68	(0.12)	0.00	(0.39)	0.00	0.00	1.20	(1.08)	9.17
GCFSX	0.59	0.05	0.06	(0.79)	0.79	(0.64)	1.08	(1.30)	3.58
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	0.99	0.02	0.01	0.01	1.44	(1.02)	1.90	(2.35)	6.47

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