Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
EMDIX Fund  USD 9.03  0.01  0.11%   
The current 90-days correlation between Federated Emerging Market and Voya Large Cap is 0.12 (i.e., Average diversification). The correlation of Federated Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Federated Emerging Market and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Emerging Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Emerging Market. 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.75SBFIX Federated Global AllPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.88STIAX Federated StrategicPairCorr
  0.87STILX Federated StrategicPairCorr
  0.8STISX Federated StrategicPairCorr
  0.83FRSAX Federated Floating RatePairCorr
  0.73FSBCX Federated Global AllPairCorr
  0.84FSBKX Federated Global AllPairCorr
  0.75FSBLX Federated Global AllPairCorr
  0.78FSHIX Federated Short IntePairCorr
  0.65INISX Federated IntermediatePairCorr
  0.73FSHSX Federated Short IntePairCorr
  0.73FSILX Federated Short TermPairCorr
  0.69FSTIX Federated Short TermPairCorr
  0.76FSTKX Federated Mdt LargePairCorr
  0.82FSTLX Federated Mdt LargePairCorr
  0.74FSTYX Federated Short TermPairCorr
  0.75FSTBX Federated Global AllPairCorr
  0.73SVALX Federated Strategic ValuePairCorr
  0.69FTIAX Federated Short TermPairCorr
  0.72SVAAX Federated Strategic ValuePairCorr
  0.73SVAIX Federated Strategic ValuePairCorr
  0.72SVACX Federated Strategic ValuePairCorr

Moving against Federated Mutual Fund

  0.44FRIEX Federated Hermes EmergingPairCorr
  0.36QKBGX Federated Mdt BalancedPairCorr
  0.44PIEFX Pnc Emerging MarketsPairCorr
  0.39PIGDX Pnc International GrowthPairCorr
  0.35RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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