Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STIAX Fund  USD 8.46  0.01  0.12%   
The current 90-days correlation between Federated Strategic and Omni Small Cap Value is 0.25 (i.e., Modest diversification). The correlation of Federated Strategic 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 Strategic Correlation With Market

Weak diversification

The correlation between Federated Strategic Income and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Strategic Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Federated Strategic 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 nation.

Moving together with Federated Mutual Fund

  0.92EMDIX Federated Emerging MarketPairCorr
  0.74QKACX Federated Mdt AllPairCorr
  0.79QKBGX Federated Mdt BalancedPairCorr
  0.91SBFIX Federated Global AllPairCorr
  0.8FRIEX Federated Hermes EmergingPairCorr
  1.0STFSX Federated StrategicPairCorr
  0.99STILX Federated StrategicPairCorr
  0.99STISX Federated StrategicPairCorr
  0.75FRSAX Federated Floating RatePairCorr
  0.91FSBCX Federated Global AllPairCorr
  0.91FSBKX Federated Global AllPairCorr
  0.91FSBLX Federated Global AllPairCorr
  0.65QLSGX Federated Mdt SmallPairCorr
  0.8FSGVX Federated U SPairCorr
  0.85FSHIX Federated Short-intermediaPairCorr
  0.78FSGIX Federated Gov SecPairCorr
  0.89INISX Federated IntermediatePairCorr
  0.84FSHSX Federated Short-intermediaPairCorr
  0.84FSILX Federated Short TermPairCorr
  0.86FSTIX Federated Short TermPairCorr
  0.82FSTYX Federated Short TermPairCorr
  0.91FSTBX Federated Global AllPairCorr
  0.76PIEFX Pnc Emerging MarketsPairCorr
  0.92FTGLX Federated Total ReturnPairCorr
  0.92FTGSX Federated Total ReturnPairCorr
  0.68PIUCX Pnc International EquityPairCorr
  0.71PIUIX Pnc International EquityPairCorr
  0.67RRFAX Federated Real ReturnPairCorr
  0.69RRFIX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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