Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
IHICX Fund  USD 8.18  0.03  0.37%   
The current 90-days correlation between Federated Emerging Market and Needham Aggressive Growth is 0.21 (i.e., Modest 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

Average diversification

The correlation between Federated Emerging Market and DJI is 0.18 (i.e., Average 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 main economic indicators.

Moving together with Federated Mutual Fund

  0.63EMDIX Federated Emerging MarketPairCorr
  0.95QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.93FRIEX Federated Hermes EmergingPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.97STILX Federated StrategicPairCorr
  0.84STISX Federated StrategicPairCorr
  0.84FRSAX Federated Floating RatePairCorr
  0.83FSBCX Federated Global AllPairCorr
  0.83FSBKX Federated Global AllPairCorr
  0.62FSBLX Federated Global AllPairCorr
  0.8QLSGX Federated Mdt SmallPairCorr
  0.79QLSCX Federated Mdt SmallPairCorr
  0.73FSGVX Federated U SPairCorr
  0.87FSHIX Federated Short-intermediaPairCorr
  0.71FSGIX Federated Gov SecPairCorr
  0.83INISX Federated IntermediatePairCorr
  0.85FSHSX Federated Short IntePairCorr
  0.66FSILX Federated Short TermPairCorr
  0.68FSTIX Federated Short TermPairCorr
  0.81FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.81FSTRX Federated Mdt LargePairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.82FSTBX Federated Global AllPairCorr
  0.8SVALX Federated Strategic ValuePairCorr
  0.68FTIAX Federated Short TermPairCorr
  0.8SVAAX Federated Strategic ValuePairCorr
  0.91SVAIX Federated Strategic ValuePairCorr
  0.79SVACX Federated Strategic ValuePairCorr
  0.77PIUCX Pnc International EquityPairCorr
  0.77PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

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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.

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