Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
IHIAX Fund  USD 8.28  0.03  0.36%   
The current 90-days correlation between Federated Emerging Market and Federated Emerging Market is 0.93 (i.e., Almost no diversification). The correlation of Federated Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Federated Emerging Market and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Emerging Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Federated Emerging Market. 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 nation.

Moving together with Federated Mutual Fund

  1.0EMDIX Federated Emerging MarketPairCorr
  0.96QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.98SBFIX Federated Global AllPairCorr
  0.94FRIEX Federated Hermes EmergingPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.95STIAX Federated StrategicPairCorr
  0.98STILX Federated StrategicPairCorr
  0.98STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.98FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.96QLSGX Federated Mdt SmallPairCorr
  0.95QLSCX Federated Mdt SmallPairCorr
  0.77FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short-intermediaPairCorr
  0.72FSGIX Federated Gov SecPairCorr
  0.94INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short IntePairCorr
  0.94FSILX Federated Short TermPairCorr
  0.94FSTIX Federated Short TermPairCorr
  0.96FSTKX Federated Mdt LargePairCorr
  0.96FSTLX Federated Mdt LargePairCorr
  0.96FSTRX Federated Mdt LargePairCorr
  0.94FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.94PIEFX Pnc Emerging MarketsPairCorr
  0.91PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.94FTIAX Federated Short TermPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.93SVAIX Federated Strategic ValuePairCorr
  0.93SVACX Federated Strategic ValuePairCorr
  0.93PIUCX Pnc International EquityPairCorr
  0.94PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.19  0.09 (0.13) 1.31  0.00 
(0.29)
 0.51 
(0.25)
 1.10 
QKACX  0.65  0.16  0.17  0.30  0.43 
(0.82)
 1.97 
(1.28)
 4.99 
QKBGX  0.40  0.09  0.05  0.29  0.24 
(0.45)
 1.29 
(0.88)
 2.90 
SBFIX  0.36  0.09  0.04  0.32  0.00 
(0.43)
 1.11 
(0.71)
 2.23 
FRIEX  0.66  0.19  0.17  0.50  0.19 
(0.77)
 2.36 
(1.08)
 4.12 
STFSX  0.18  0.02 (0.31) 0.27  0.02 
(0.23)
 0.49 
(0.36)
 1.11 
STIAX  0.19  0.02 (0.34) 0.26  0.08 
(0.22)
 0.37 
(0.36)
 1.10 
STILX  0.18  0.03 (0.34) 0.40  0.00 
(0.22)
 0.37 
(0.25)
 0.87 
STISX  0.16  0.03 (0.32) 0.46  0.00 
(0.21)
 0.37 
(0.25)
 1.00 
FRSAX  0.07  0.03  0.00  1.19  0.00 
 0.00 
 0.24 
 0.00 
 0.70 

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