Federated Hermes Correlations

Mutual Funds . USA . 
Fund . Federated Hermes Sdg
FHERX Fund  USD 14.60  0.05  0.34%   
The current 90-days correlation between Federated Hermes Sdg and Issachar Fund Class is 0.41 (i.e., Very weak diversification). The correlation of Federated Hermes 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 Hermes Correlation With Market

Significant diversification

The correlation between Federated Hermes Sdg and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Hermes Sdg 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 Hermes Sdg. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Federated Mutual Fund

  0.74FSWFX American Funds SmallcapPairCorr
  0.74FSFWX American Funds SmallcapPairCorr
  0.76SCWCX American Fds SmallcapPairCorr
  0.75SCWFX Smallcap WorldPairCorr
  0.74SMCWX Smallcap WorldPairCorr
  0.74CSPFX Smallcap WorldPairCorr
  0.75CSPAX Smallcap WorldPairCorr
  0.75CSPEX Smallcap WorldPairCorr
  0.75RSLCX Smallcap WorldPairCorr
  0.74RLLGX Smallcap WorldPairCorr
  0.64VTISX Vanguard Total InterPairCorr
  0.64VTSNX Vanguard Total InterPairCorr
  0.64VTPSX Vanguard Total InterPairCorr
  0.64MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.61VZ Verizon Communications Sell-off TrendPairCorr
  0.63GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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