Federated Fund Correlations

Mutual Funds . USA . 
Fund . Federated Fund For
FUSCX Fund  USD 6.23  0.02  0.32%   
The current 90-days correlation between Federated Fund For and Vanguard Gnma Fund is 0.95 (i.e., Almost no diversification). The correlation of Federated Fund 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 Fund Correlation With Market

Good diversification

The correlation between Federated Fund For and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Fund For 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 Fund For. 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 main economic indicators.

Moving together with Federated Mutual Fund

  0.71EMDIX Federated Emerging MarketPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.74STIAX Federated StrategicPairCorr
  0.74STILX Federated StrategicPairCorr
  0.75STISX Federated StrategicPairCorr
  0.86FSGVX Federated U SPairCorr
  0.96INISX Federated IntermediatePairCorr
  0.63FSTIX Federated Short TermPairCorr
  0.62FTIAX Federated Short TermPairCorr
  0.97FTIBX Federated Global TotalPairCorr
  0.97FTIIX Federated Global TotalPairCorr
  0.99FTGLX Federated Total ReturnPairCorr
  0.99FTGSX Federated Total ReturnPairCorr
  0.95RRFAX Federated Real ReturnPairCorr
  0.96RRFCX Federated Real ReturnPairCorr
  0.96RRFIX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.82FRSAX Federated Floating RatePairCorr
  0.8QKACX Federated Mdt AllPairCorr
  0.75FSTKX Federated Mdt LargePairCorr
  0.75FSTLX Federated Mdt LargePairCorr
  0.75FSTRX Federated Mdt LargePairCorr
  0.67QKBGX Federated Mdt BalancedPairCorr
  0.66QLSCX Federated Mdt SmallPairCorr
  0.65QLSGX Federated Mdt SmallPairCorr
  0.35FRIEX Federated Hermes EmergingPairCorr
  0.35PIEFX Pnc Emerging MarketsPairCorr
  0.57FULIX Federated Ultrashort BondPairCorr
  0.57FULLX Federated Hermes UltPairCorr
  0.55FULAX Federated Ultrashort BondPairCorr
  0.55FULBX Federated Ultrashort BondPairCorr
  0.55FDERX Federated Equity IncomePairCorr
  0.48SVAAX Federated Strategic ValuePairCorr
  0.46SVAIX Federated Strategic ValuePairCorr
  0.45SVACX Federated Strategic ValuePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Fund 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 Fund'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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