Federated Prudent Correlations

PBRIX Fund

USD 4.96 0.08 1.59%

The current 90-days correlation between Federated Prudent Bear and Large Cap Fund is -0.38 (i.e., Very good diversification). The correlation of Federated Prudent 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 Prudent Correlation With Market

Pay attention - limited upside

The correlation between Federated Prudent Bear and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Prudent Bear 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 Prudent Bear. 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

0.73	FSGVX	Federated U S	Pair Corr
0.72	FSGIX	Federated Gov Sec	Pair Corr
0.66	FSILX	Federated Short Term	Pair Corr
0.67	FSTIX	Federated Short Term	Pair Corr
0.66	FSTYX	Federated Short Term	Pair Corr
0.67	FTIAX	Federated Short Term	Pair Corr
0.64	FTGLX	Federated Total Return	Pair Corr
0.64	FTGSX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.96	QLSCX	Federated Mdt Small	Pair Corr
0.94	QLSGX	Federated Mdt Small	Pair Corr
0.89	QKACX	Federated Mdt All	Pair Corr
0.73	QKBGX	Federated Mdt Balanced	Pair Corr
0.66	FSBKX	Federated Global All	Pair Corr
0.65	SBFIX	Federated Global All	Pair Corr
0.65	FSBLX	Federated Global All	Pair Corr
0.58	FSBCX	Federated Global All	Pair Corr
0.65	FSTBX	Federated Global All	Pair Corr
0.47	FSTKX	Federated Mdt Large	Pair Corr
0.47	FSTRX	Federated Mdt Large	Pair Corr
0.46	FSTLX	Federated Mdt Large	Pair Corr

Related Correlations Analysis

	FMIQX	GMLVX	PCLVX	TALCX	CMIFX	LTFOX	DOXGX
FMIQX		0.1	0.05	0.44	-0.29	0.35	0.17	FMIQX
GMLVX	0.1		0.71	0.25	0.64	0.3	0.56	GMLVX
PCLVX	0.05	0.71		0.69	0.64	0.66	0.88	PCLVX
TALCX	0.44	0.25	0.69		-0.02	0.89	0.75	TALCX
CMIFX	-0.29	0.64	0.64	-0.02		0.04	0.51	CMIFX
LTFOX	0.35	0.3	0.66	0.89	0.04		0.87	LTFOX
DOXGX	0.17	0.56	0.88	0.75	0.51	0.87		DOXGX
	FMIQX	GMLVX	PCLVX	TALCX	CMIFX	LTFOX	DOXGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LTFOX	+ 0.89	TALCX
DOXGX	+ 0.88	PCLVX
DOXGX	+ 0.87	LTFOX
DOXGX	+ 0.75	TALCX
PCLVX	+ 0.71	GMLVX
TALCX	+ 0.69	PCLVX

High negative correlations

CMIFX	- 0.29	FMIQX
CMIFX	- 0.02	TALCX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Prudent 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 Prudent'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
FMIQX	0.87	(0.19)	0.00	(0.30)	0.00	0.00	1.20	(1.51)	10.22
GMLVX	0.71	0.03	0.05	0.05	0.92	(0.76)	1.57	(1.62)	5.51
PCLVX	0.62	0.07	0.09	0.06	0.76	(0.67)	1.24	(1.33)	3.17
TALCX	0.67	(0.01)	0.00	(0.06)	0.00	0.00	1.36	(1.38)	3.68
CMIFX	0.07	0.01	0.32	(0.62)	0.00	(0.12)	0.10	(0.10)	0.41
LTFOX	0.69	(0.05)	0.00	0.30	0.00	0.00	1.42	(1.60)	3.58
DOXGX	0.63	0.00	0.05	(0.07)	0.89	(0.61)	1.30	(1.41)	3.35

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