Federated Short-term Correlations

Mutual Funds . USA . 
Fund . Federated Short Term Income
FSTIX Fund  USD 8.48  0.02  0.24%   
The current 90-days correlation between Federated Short Term and Franklin High Income is 0.14 (i.e., Average diversification). The correlation of Federated Short-term 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 Short-term Correlation With Market

Very good diversification

The correlation between Federated Short Term Income and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Short Term Income 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 Short Term Income. 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

  0.77EMDIX Federated Emerging MarketPairCorr
  0.83STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.83STILX Federated StrategicPairCorr
  0.83STISX Federated StrategicPairCorr
  0.91FSGVX Federated U SPairCorr
  0.79FSHIX Federated Short-intermediaPairCorr
  0.91FSGIX Federated Gov SecPairCorr
  0.81INISX Federated IntermediatePairCorr
  0.84FSHSX Federated Short-intermediaPairCorr
  0.96FSILX Federated Short TermPairCorr
  0.96FSTYX Federated Short TermPairCorr
  0.98FTIAX Federated Short TermPairCorr
  0.64FTIBX Federated Global TotalPairCorr
  0.65FTIIX Federated Global TotalPairCorr
  0.69FTGLX Federated Total ReturnPairCorr
  0.67FTGSX Federated Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Short-term 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 Short-term'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.

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