Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STISX Fund  USD 8.25  0.02  0.24%   
The current 90-days correlation between Federated Strategic and Intermediate Term Tax Free Bond is 0.38 (i.e., 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

Modest diversification

The correlation between Federated Strategic Income and DJI is 0.25 (i.e., Modest 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 state.

Moving together with Federated Mutual Fund

  0.98EMDIX Federated Emerging MarketPairCorr
  0.94QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.95FRIEX Federated Hermes EmergingPairCorr
  0.96STFSX Federated StrategicPairCorr
  0.96STIAX Federated StrategicPairCorr
  0.98STILX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.96FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.95QLSGX Federated Mdt SmallPairCorr
  0.94QLSCX Federated Mdt SmallPairCorr
  0.87FSHIX Federated Short IntePairCorr
  0.65FSGIX Federated Gov SecPairCorr
  0.97INISX Federated IntermediatePairCorr
  0.94FSHSX Federated Short-intermediaPairCorr
  0.94FSILX Federated Short TermPairCorr
  0.91FSTIX Federated Short TermPairCorr
  0.94FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.94FSTRX Federated Mdt LargePairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.96FSTBX Federated Global AllPairCorr
  0.95PIEFX Pnc Emerging MarketsPairCorr
  0.92PIGDX Pnc International GrowthPairCorr
  0.92SVALX Federated Strategic ValuePairCorr
  0.94FTIAX Federated Short TermPairCorr
  0.91SVAAX Federated Strategic ValuePairCorr
  0.91SVAIX Federated Strategic ValuePairCorr
  0.91SVACX Federated Strategic ValuePairCorr
  0.93PIUCX Pnc International EquityPairCorr
  0.94PIUIX 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 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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