Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STILX Fund  USD 8.30  0.02  0.24%   
The current 90-days correlation between Federated Strategic and Sprott Gold Equity is -0.14 (i.e., Good 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

Very weak diversification

The correlation between Federated Strategic Income and DJI is 0.51 (i.e., Very 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.97EMDIX Federated Emerging MarketPairCorr
  0.94QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.93FRIEX Federated Hermes EmergingPairCorr
  0.99STFSX Federated StrategicPairCorr
  0.99STIAX Federated StrategicPairCorr
  1.0STISX Federated StrategicPairCorr
  0.94FRSAX Federated Floating RatePairCorr
  0.96FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.94QLSGX Federated Mdt SmallPairCorr
  0.94QLSCX Federated Mdt SmallPairCorr
  0.82FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.77FSGIX Federated Gov SecPairCorr
  0.97INISX Federated IntermediatePairCorr
  0.96FSHSX Federated Short IntePairCorr
  0.95FSILX Federated Short TermPairCorr
  0.95FSTIX Federated Short TermPairCorr
  0.94FSTKX Federated Mdt LargePairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.94FSTRX Federated Mdt LargePairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.95FSTBX Federated Global AllPairCorr
  0.93PIEFX Pnc Emerging MarketsPairCorr
  0.9PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.95FTIAX Federated Short TermPairCorr
  0.63FTGLX Federated Total ReturnPairCorr
  0.61FTGSX Federated Total ReturnPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.92PIUCX Pnc International EquityPairCorr
  0.92PIUIX Pnc International EquityPairCorr
  0.66RRFAX Federated Real ReturnPairCorr

Related Correlations Analysis

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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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