Federated Government Correlations

FEUSX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Federated Government and Federated Emerging Market is 0.05 (i.e., Significant diversification). The correlation of Federated Government 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 Government Correlation With Market

Very good diversification

The correlation between Federated Government Ultrashor and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Government Ultrashor 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 Government Ultrashort. 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 state.

Moving together with Federated Mutual Fund

0.81	QKACX	Federated Mdt All	Pair Corr
0.77	QKBGX	Federated Mdt Balanced	Pair Corr
0.72	QLSCX	Federated Mdt Small	Pair Corr
0.8	FSTKX	Federated Mdt Large	Pair Corr
0.8	FSTLX	Federated Mdt Large	Pair Corr
0.8	FSTRX	Federated Mdt Large	Pair Corr
0.7	SVAAX	Federated Strategic Value	Pair Corr
0.68	SVAIX	Federated Strategic Value	Pair Corr
0.96	FULBX	Federated Ultrashort Bond	Pair Corr
0.97	FULIX	Federated Ultrashort Bond	Pair Corr
0.97	FULLX	Federated Hermes Ult	Pair Corr
0.62	VSFAX	Federated Clover Small	Pair Corr
0.81	FGSKX	Federated Mdt Mid	Pair Corr

Moving against Federated Mutual Fund

0.68	FUSCX	Federated Fund For	Pair Corr
0.64	FTRGX	Federated Total Return	Pair Corr
0.62	FTRFX	Federated Total Return	Pair Corr
0.6	FTRBX	Federated Total Return	Pair Corr
0.59	FDBCX	Federated Bond	Pair Corr
0.58	FDBLX	Federated Bond	Pair Corr
0.57	FDBAX	Federated Bond	Pair Corr
0.51	FCSPX	Federated Porate Bond	Pair Corr
0.74	FGFLX	Federated International	Pair Corr
0.74	FGFAX	Federated International	Pair Corr
0.74	FGFRX	Federated International	Pair Corr
0.74	FGRSX	Federated International	Pair Corr
0.65	FICMX	Federated Government	Pair Corr
0.45	ISCAX	Federated International	Pair Corr
0.33	FGCIX	Federated Short-intermedia	Pair Corr

Related Correlations Analysis

	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX
EMDIX		-0.27	-0.1	0.35	0.23	0.97	0.97	0.97	0.97	-0.44	EMDIX
QKACX	-0.27		0.98	0.76	0.41	-0.28	-0.28	-0.3	-0.3	0.89	QKACX
QKBGX	-0.1	0.98		0.86	0.41	-0.11	-0.11	-0.13	-0.13	0.82	QKBGX
SBFIX	0.35	0.76	0.86		0.59	0.33	0.33	0.31	0.31	0.48	SBFIX
FRIEX	0.23	0.41	0.41	0.59		0.18	0.18	0.17	0.17	0.3	FRIEX
STFSX	0.97	-0.28	-0.11	0.33	0.18		1.0	1.0	1.0	-0.42	STFSX
STIAX	0.97	-0.28	-0.11	0.33	0.18	1.0		1.0	1.0	-0.42	STIAX
STILX	0.97	-0.3	-0.13	0.31	0.17	1.0	1.0		1.0	-0.43	STILX
STISX	0.97	-0.3	-0.13	0.31	0.17	1.0	1.0	1.0		-0.43	STISX
FRSAX	-0.44	0.89	0.82	0.48	0.3	-0.42	-0.42	-0.43	-0.43		FRSAX
	EMDIX	QKACX	QKBGX	SBFIX	FRIEX	STFSX	STIAX	STILX	STISX	FRSAX

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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

STIAX	+ 1.0	STFSX
STILX	+ 1.0	STFSX
STISX	+ 1.0	STFSX
STILX	+ 1.0	STIAX
STISX	+ 1.0	STIAX
STISX	+ 1.0	STILX

High negative correlations

FRSAX	- 0.44	EMDIX
FRSAX	- 0.43	STISX
FRSAX	- 0.43	STILX
FRSAX	- 0.42	STIAX
FRSAX	- 0.42	STFSX
STISX	- 0.3	QKACX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Government 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 Government'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
EMDIX	0.19	(0.01)	(0.47)	(0.08)	0.19	(0.28)	0.38	(0.38)	1.65
QKACX	0.56	0.05	0.04	0.19	0.59	(0.60)	1.22	(1.24)	3.98
QKBGX	0.37	0.02	(0.09)	0.16	0.33	(0.42)	0.99	(0.71)	2.11
SBFIX	0.36	(0.03)	(0.18)	0.07	0.43	(0.38)	0.77	(0.76)	2.10
FRIEX	0.77	(0.05)	(0.10)	0.04	0.93	(0.91)	1.82	(1.45)	4.54
STFSX	0.18	0.00	(0.48)	0.12	0.16	(0.24)	0.36	(0.36)	1.22
STIAX	0.18	0.00	(0.46)	0.11	0.17	(0.22)	0.36	(0.36)	1.21
STILX	0.18	0.00	(0.43)	0.09	0.18	(0.24)	0.36	(0.36)	1.45
STISX	0.17	0.00	(0.48)	0.12	0.17	(0.20)	0.36	(0.36)	1.33
FRSAX	0.07	0.02	0.00	(0.58)	0.00	0.00	0.12	(0.12)	0.70

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