Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
EMDIX Fund  USD 8.30  0.03  0.36%   
The current 90-days correlation between Federated Emerging Market and Global Diversified Income is 0.63 (i.e., Poor 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

Very good diversification

The correlation between Federated Emerging Market and DJI is -0.21 (i.e., Very good 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

  0.7QKACX Federated Mdt AllPairCorr
  0.64QKBGX Federated Mdt BalancedPairCorr
  0.65SBFIX Federated Global AllPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.68STIAX Federated StrategicPairCorr
  0.64STILX Federated StrategicPairCorr
  0.64STISX Federated StrategicPairCorr
  0.96FRSAX Federated Floating RatePairCorr
  0.98FSBCX Federated Global AllPairCorr
  0.65FSBKX Federated Global AllPairCorr
  0.98FSBLX Federated Global AllPairCorr
  0.93FSILX Federated Short TermPairCorr
  0.94FSTIX Federated Short TermPairCorr
  0.65FSTLX Federated Mdt LargePairCorr
  0.94FSTYX Federated Short TermPairCorr
  0.94PIEFX Pnc Emerging MarketsPairCorr
  0.64PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.94FTIAX Federated Short TermPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.64PIUCX Pnc International EquityPairCorr
  0.95FULBX Federated Ultrashort BondPairCorr
  0.62VSFCX Federated Clover SmallPairCorr

Related Correlations Analysis

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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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