Federated Real Correlations

RRFIX Fund

USD 9.91 0.04 0.40%

The current 90-days correlation between Federated Real Return and Champlain Small is 0.19 (i.e., Average diversification). The correlation of Federated Real 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 Real Correlation With Market

Average diversification

The correlation between Federated Real Return and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Real Return 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 Real Return. 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

0.75	EMDIX	Federated Emerging Market	Pair Corr
0.8	FRIEX	Federated Hermes Emerging	Pair Corr
0.71	STFSX	Federated Strategic	Pair Corr
0.89	STIAX	Federated Strategic	Pair Corr
0.72	STILX	Federated Strategic	Pair Corr
0.72	STISX	Federated Strategic	Pair Corr
0.67	FRSAX	Federated Floating Rate	Pair Corr
0.89	FSGVX	Federated U S	Pair Corr
0.69	FSHIX	Federated Short-intermedia	Pair Corr
0.66	FSGIX	Federated Gov Sec	Pair Corr
0.9	INISX	Federated Intermediate	Pair Corr
0.91	FSHSX	Federated Short-intermedia	Pair Corr
0.91	FSILX	Federated Short Term	Pair Corr
0.95	FSTIX	Federated Short Term	Pair Corr
0.91	FSTYX	Federated Short Term	Pair Corr
0.68	PIEFX	Pnc Emerging Markets	Pair Corr
0.63	PIGDX	Pnc International Growth	Pair Corr
0.67	SVALX	Federated Strategic Value	Pair Corr
0.97	FTIAX	Federated Short Term	Pair Corr
0.94	FTGLX	Federated Total Return	Pair Corr
0.8	FTGSX	Federated Total Return	Pair Corr
0.66	SVAAX	Federated Strategic Value	Pair Corr
0.67	SVAIX	Federated Strategic Value	Pair Corr
0.87	SVACX	Federated Strategic Value	Pair Corr
0.86	PIUCX	Pnc International Equity	Pair Corr
0.81	PIUIX	Pnc International Equity	Pair Corr
0.76	RRFAX	Federated Real Return	Pair Corr
0.97	RRFCX	Federated Real Return	Pair Corr

Moving against Federated Mutual Fund

0.62	QLSCX	Federated Mdt Small	Pair Corr
0.59	QLSGX	Federated Mdt Small	Pair Corr

Related Correlations Analysis

	CIPNX	HSCVX	LMBMX	ESCIX	CCMSX
CIPNX		0.91	0.92	0.5	0.0	CIPNX
HSCVX	0.91		0.97	0.53	0.0	HSCVX
LMBMX	0.92	0.97		0.52	0.0	LMBMX
ESCIX	0.5	0.53	0.52		0.0	ESCIX
CCMSX	0.0	0.0	0.0	0.0		CCMSX
	CIPNX	HSCVX	LMBMX	ESCIX	CCMSX

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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

LMBMX	+ 0.97	HSCVX
LMBMX	+ 0.92	CIPNX
HSCVX	+ 0.91	CIPNX
ESCIX	+ 0.53	HSCVX
ESCIX	+ 0.52	LMBMX
ESCIX	+ 0.5	CIPNX

High negative correlations

CCMSX	- 0.0	ESCIX
CCMSX	- 0.0	LMBMX
CCMSX	- 0.0	HSCVX
CCMSX	- 0.0	CIPNX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Real 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 Real'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CIPNX	1.03	(0.21)	(0.25)	1.52	(2.00)	10.86
HSCVX	0.82	(0.08)	(0.13)	1.45	(1.78)	3.38
LMBMX	1.08	(0.16)	(0.17)	2.03	(2.70)	5.60
ESCIX	0.75	(0.01)	(0.06)	1.87	(2.03)	4.56
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00

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