Federated International Correlations

IVFIX Fund

USD 4.46 0.04 0.90%

The current 90-days correlation between Federated International and Artisan Emerging Markets is 0.14 (i.e., Average diversification). The correlation of Federated International 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 International Correlation With Market

Weak diversification

The correlation between Federated International Strate and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated International Strate 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 International Strategic. 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

0.64	DOXFX	Dodge Cox International	Pair Corr
0.64	DODFX	Dodge International Stock	Pair Corr
0.65	FINVX	Fidelity Series Inte	Pair Corr
0.68	VTRIX	Vanguard International	Pair Corr
0.66	RRIGX	T Rowe Price	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.75	MRK	Merck Company Aggressive Push	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr

Moving against Federated Mutual Fund

0.6	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.48	BA	Boeing	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.32	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	ARTZX	CMERX	MPEMX	SEDAX	QTERX	ANGCX
ARTZX		0.77	0.94	0.83	0.97	0.78	ARTZX
CMERX	0.77		0.9	0.91	0.84	0.76	CMERX
MPEMX	0.94	0.9		0.95	0.98	0.86	MPEMX
SEDAX	0.83	0.91	0.95		0.9	0.92	SEDAX
QTERX	0.97	0.84	0.98	0.9		0.86	QTERX
ANGCX	0.78	0.76	0.86	0.92	0.86		ANGCX
	ARTZX	CMERX	MPEMX	SEDAX	QTERX	ANGCX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated International 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 International'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
ARTZX	0.70	0.08	0.08	0.15	0.83	(0.78)	1.55	(1.15)	4.65
CMERX	0.64	0.08	0.09	0.14	0.65	(0.72)	1.30	(1.21)	3.50
MPEMX	0.54	0.10	0.12	0.17	0.57	(0.67)	1.26	(0.88)	4.07
SEDAX	0.19	0.06	0.18	0.90	0.00	(0.26)	0.45	(0.33)	1.09
QTERX	0.70	0.08	0.08	0.13	0.85	(0.74)	1.45	(1.13)	4.71
ANGCX	0.09	0.02	(0.01)	(1.15)	0.00	(0.18)	0.23	(0.12)	0.59

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