Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STIAX Fund  USD 8.47  0.02  0.24%   
The current 90-days correlation between Federated Strategic and The Lazard Funds is 0.12 (i.e., Average 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

Poor diversification

The correlation between Federated Strategic Income and DJI is 0.67 (i.e., Poor 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

  0.83EMDIX Federated Emerging MarketPairCorr
  0.66QKACX Federated Mdt AllPairCorr
  0.89QKBGX Federated Mdt BalancedPairCorr
  0.92SBFIX Federated Global AllPairCorr
  0.67FRIEX Federated Hermes EmergingPairCorr
  0.9STFSX Federated StrategicPairCorr
  0.99STILX Federated StrategicPairCorr
  0.99STISX Federated StrategicPairCorr
  0.68FRSAX Federated Floating RatePairCorr
  0.91FSBCX Federated Global AllPairCorr
  0.92FSBKX Federated Global AllPairCorr
  0.9FSBLX Federated Global AllPairCorr
  0.71QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.8FSHIX Federated Short-intermediaPairCorr
  0.87INISX Federated IntermediatePairCorr
  0.91FSHSX Federated Short IntePairCorr
  0.91FSILX Federated Short TermPairCorr
  0.84FSTIX Federated Short TermPairCorr
  0.88FSTKX Federated Mdt LargePairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.94FSTRX Federated Mdt LargePairCorr
  0.91FSTYX Federated Short TermPairCorr
  0.84FSTBX Federated Global AllPairCorr
  0.7PIEFX Pnc Emerging MarketsPairCorr
  0.75SVAAX Federated Strategic ValuePairCorr
  0.75SVAIX Federated Strategic ValuePairCorr
  0.75SVACX Federated Strategic ValuePairCorr
  0.76FTRBX Federated Total ReturnPairCorr
  0.75FTRFX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.87PIGDX Pnc International GrowthPairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.67BEARX Federated Prudent BearPairCorr
  0.66PIUIX Pnc International EquityPairCorr

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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