Federated Strategic Correlations
| SVALX Fund | USD 6.50 0.04 0.62% |
The current 90-days correlation between Federated Strategic Value and Prudential Short Duration is 0.11 (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
Very weak diversification
The correlation between Federated Strategic Value and DJI is 0.55 (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 Value and DJI in the same portfolio, assuming nothing else is changed.
Federated |
Moving together with Federated Mutual Fund
| 0.64 | VVIAX | Vanguard Value Index | PairCorr |
| 0.93 | AFMFX | American Mutual | PairCorr |
| 0.93 | FFMMX | American Funds American | PairCorr |
| 0.93 | FFFMX | American Funds American | PairCorr |
| 0.93 | AMRMX | American Mutual | PairCorr |
| 0.93 | AMFCX | American Mutual | PairCorr |
| 0.81 | DODGX | Dodge Stock Fund | PairCorr |
| 0.93 | VIVAX | Vanguard Value Index | PairCorr |
| 0.94 | BCGPX | Blackrock Gwth Prepared | PairCorr |
| 0.94 | FMGDX | Fa529 Mdgr Cl | PairCorr |
| 0.95 | FLBSX | Franklin Lifesmart 2060 | PairCorr |
| 0.91 | OYCIX | Oppenhemier Cnsrvtv | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.61 | MMM | 3M Company | PairCorr |
| 0.64 | AA | Alcoa Corp | PairCorr |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HYSZX | 0.11 | 0.03 | (0.24) | 0.44 | 0.00 | 0.24 | 0.84 | |||
| ASDIX | 0.08 | 0.02 | (0.43) | 0.56 | 0.00 | 0.20 | 0.40 | |||
| FTFZX | 0.06 | 0.02 | 0.00 | 2.34 | 0.00 | 0.19 | 0.39 | |||
| VWSUX | 0.04 | 0.01 | 0.00 | 8.27 | 0.00 | 0.06 | 0.32 | |||
| CDICX | 0.09 | 0.02 | (0.54) | 0.84 | 0.00 | 0.32 | 0.52 | |||
| FSHAX | 0.05 | 0.01 | 0.00 | (2.69) | 0.00 | 0.20 | 0.41 | |||
| CWFIX | 0.06 | 0.02 | (0.46) | 2.20 | 0.00 | 0.21 | 0.32 | |||
| LSYIX | 0.13 | 0.03 | (0.18) | 0.38 | 0.00 | 0.43 | 1.14 |