Federated Short-term Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTIX Fund  USD 8.51  0.02  0.24%   
The current 90-days correlation between Federated Short Term and Fzdaqx is -0.03 (i.e., Good diversification). The correlation of Federated Short-term 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-term Correlation With Market

Significant diversification

The correlation between Federated Short Term Income and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term Income 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 Term Income. 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.66FRIEX Federated Hermes EmergingPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.86FSGVX Federated U SPairCorr
  0.81FSHIX Federated Short-intermediaPairCorr
  0.86FSGIX Federated Gov SecPairCorr
  0.71INISX Federated IntermediatePairCorr
  0.74FSHSX Federated Short IntePairCorr
  0.98FSILX Federated Short TermPairCorr
  0.87FSTYX Federated Short TermPairCorr
  0.75SVALX Federated Strategic ValuePairCorr
  0.86FTIAX Federated Short TermPairCorr
  0.72SVAAX Federated Strategic ValuePairCorr
  0.68SVAIX Federated Strategic ValuePairCorr
  0.66SVACX Federated Strategic ValuePairCorr
  0.78RRFAX Federated Real ReturnPairCorr
  0.75RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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