Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STILX Fund  USD 8.49  0.01  0.12%   
The current 90-days correlation between Federated Strategic and T Rowe Price is 0.46 (i.e., Very weak 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 0.3 (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 inflation.

Moving together with Federated Mutual Fund

  0.86EMDIX Federated Emerging MarketPairCorr
  0.86QKACX Federated Mdt AllPairCorr
  0.9QKBGX Federated Mdt BalancedPairCorr
  0.94SBFIX Federated Global AllPairCorr
  0.87FRIEX Federated Hermes EmergingPairCorr
  1.0STFSX Federated StrategicPairCorr
  0.99STIAX Federated StrategicPairCorr
  1.0STISX Federated StrategicPairCorr
  0.76FRSAX Federated Floating RatePairCorr
  0.85FSBKX Federated Global AllPairCorr
  0.77FSBLX Federated Global AllPairCorr
  0.73QLSGX Federated Mdt SmallPairCorr
  0.81QLSCX Federated Mdt SmallPairCorr
  0.67FSGVX Federated U SPairCorr
  0.73FSHIX Federated Short IntePairCorr
  0.88INISX Federated IntermediatePairCorr
  0.73FSHSX Federated Short-intermediaPairCorr
  0.79FSILX Federated Short TermPairCorr
  0.79FSTIX Federated Short TermPairCorr
  0.73FSTKX Federated Mdt LargePairCorr
  0.73FSTLX Federated Mdt LargePairCorr
  0.73FSTRX Federated Mdt LargePairCorr
  0.8FSTYX Federated Short TermPairCorr
  0.86FSTBX Federated Global AllPairCorr
  0.75PIEFX Pnc Emerging MarketsPairCorr
  0.66PIGDX Pnc International GrowthPairCorr
  0.8FTIAX Federated Short TermPairCorr
  0.89FTGLX Federated Total ReturnPairCorr
  0.9FTGSX Federated Total ReturnPairCorr
  0.84PIUIX Pnc International EquityPairCorr
  0.78RRFAX Federated Real ReturnPairCorr
  0.77RRFCX Federated Real ReturnPairCorr
  0.95FTRBX Federated Total ReturnPairCorr
  0.84FTRFX Federated Total 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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