Federated Ohio Correlations

Mutual Funds . USA . 
Fund . Federated Ohio Municipal
OMIAX Fund  USD 10.25  0.02  0.19%   
The current 90-days correlation between Federated Ohio Municipal and Ab Global Real is 0.42 (i.e., Very weak diversification). The correlation of Federated Ohio 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 Ohio Correlation With Market

Significant diversification

The correlation between Federated Ohio Municipal and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Ohio Municipal and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Federated Ohio Municipal. 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

  0.7EMDIX Federated Emerging MarketPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.73STIAX Federated StrategicPairCorr
  0.72STILX Federated StrategicPairCorr
  0.72STISX Federated StrategicPairCorr
  0.61FRSAX Federated Floating RatePairCorr
  0.81FSHIX Federated Short-intermediaPairCorr
  0.7INISX Federated IntermediatePairCorr
  0.83FSHSX Federated Short-intermediaPairCorr
  0.63FSILX Federated Short TermPairCorr
  0.62FSTYX Federated Short TermPairCorr
  0.69SVALX Federated Strategic ValuePairCorr
  0.68FTGLX Federated Total ReturnPairCorr
  0.68FTGSX Federated Total ReturnPairCorr
  0.7SVAAX Federated Strategic ValuePairCorr
  0.69SVAIX Federated Strategic ValuePairCorr
  0.7SVACX Federated Strategic ValuePairCorr
  0.67RRFAX Federated Real ReturnPairCorr
  0.67RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY