Federated Ultrashort Correlations

FULBX Fund

USD 9.30 0.01 0.11%

The current 90-days correlation between Federated Ultrashort Bond and Ab Bond Inflation is 0.25 (i.e., Modest diversification). The correlation of Federated Ultrashort 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 Ultrashort Correlation With Market

Significant diversification

The correlation between Federated Ultrashort Bond and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Ultrashort Bond 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 Ultrashort Bond. 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 bureau of labor statistics.

Moving together with Federated Mutual Fund

0.61	STILX	Federated Strategic	Pair Corr
0.62	STISX	Federated Strategic	Pair Corr
0.89	FRSAX	Federated Floating Rate	Pair Corr
0.92	FSGVX	Federated U S	Pair Corr
0.92	FSGIX	Federated Gov Sec	Pair Corr
0.85	FSILX	Federated Short Term	Pair Corr
0.79	FSTIX	Federated Short Term	Pair Corr
0.95	FSTYX	Federated Short Term	Pair Corr
0.61	SVALX	Federated Strategic Value	Pair Corr
0.94	FTIAX	Federated Short Term	Pair Corr

Moving against Federated Mutual Fund

0.44	QLSGX	Federated Mdt Small	Pair Corr
0.33	PIUCX	Pnc International Equity	Pair Corr
0.33	PIUIX	Pnc International Equity	Pair Corr

Related Correlations Analysis

	ABNTX	LIFAX	TIIHX	QCILIX	QMHIX	CSQIX	ABNCX
ABNTX		0.87	1.0	0.96	0.51	0.8	0.99	ABNTX
LIFAX	0.87		0.86	0.83	0.76	0.89	0.82	LIFAX
TIIHX	1.0	0.86		0.96	0.48	0.78	0.99	TIIHX
QCILIX	0.96	0.83	0.96		0.52	0.79	0.96	QCILIX
QMHIX	0.51	0.76	0.48	0.52		0.83	0.43	QMHIX
CSQIX	0.8	0.89	0.78	0.79	0.83		0.75	CSQIX
ABNCX	0.99	0.82	0.99	0.96	0.43	0.75		ABNCX
	ABNTX	LIFAX	TIIHX	QCILIX	QMHIX	CSQIX	ABNCX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Ultrashort 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 Ultrashort'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
ABNTX	0.14	0.02	0.14	0.55	0.00	(0.19)	0.30	(0.30)	0.99
LIFAX	0.10	0.02	0.18	0.70	0.00	(0.14)	0.26	(0.17)	0.70
TIIHX	0.14	0.02	0.14	0.41	0.00	(0.18)	0.28	(0.29)	0.95
QCILIX	0.14	0.02	0.16	(0.53)	0.00	(0.16)	0.30	(0.27)	0.91
QMHIX	0.75	0.14	0.14	(0.80)	0.81	(0.83)	1.68	(1.30)	3.96
CSQIX	0.26	0.04	0.11	3.64	0.22	(0.35)	0.60	(0.48)	1.60
ABNCX	0.15	0.02	0.12	0.32	0.00	(0.18)	0.30	(0.30)	0.90

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