Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
IHICX Fund  USD 8.62  0.01  0.12%   
The current 90-days correlation between Federated Emerging Market and Federated Emerging Market is 0.96 (i.e., Almost no 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

Good diversification

The correlation between Federated Emerging Market and DJI is -0.01 (i.e., 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 Risk vs Return Analysis 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 national income and product accounts.

Moving together with FEDERATED Mutual Fund

  1.0EMDIX Federated Emerging MarketPairCorr
  0.95QKACX Federated Mdt AllPairCorr
  0.96QKBGX Federated Mdt BalancedPairCorr
  0.97SBFIX Federated Global AllPairCorr
  0.91FRIEX Federated Hermes EmergingPairCorr
  0.98STFSX Federated StrategicPairCorr
  0.98STIAX Federated StrategicPairCorr
  0.97STILX Federated StrategicPairCorr
  0.99STISX Federated StrategicPairCorr
  0.92FRSAX Federated Floating RatePairCorr
  0.96FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.97FSBLX Federated Global AllPairCorr
  0.95QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.91FSGVX Federated U SPairCorr
  0.94FSHIX Federated Short-intermediaPairCorr
  0.9FSGIX Federated Gov SecPairCorr
  0.93INISX Federated IntermediatePairCorr
  0.95FSHSX Federated Short-intermediaPairCorr
  0.94FSILX Federated Short TermPairCorr
  0.93FSTIX Federated Short TermPairCorr
  0.82FSTKX Federated Mdt LargePairCorr
  0.83FSTLX Federated Mdt LargePairCorr
  0.83FSTRX Federated Mdt LargePairCorr
  0.93FSTYX Federated Short TermPairCorr
  0.97FSTBX Federated Global AllPairCorr
  0.91PIEFX Pnc Emerging MarketsPairCorr
  0.9PIGDX Pnc International GrowthPairCorr
  0.85SVALX Federated Strategic ValuePairCorr
  0.93FTIAX Federated Short TermPairCorr
  0.9FTGLX Federated Total ReturnPairCorr
  0.91FTGSX Federated Total ReturnPairCorr
  0.85SVAAX Federated Strategic ValuePairCorr
  0.85SVAIX Federated Strategic ValuePairCorr
  0.83SVACX Federated Strategic ValuePairCorr
  0.92PIUCX Pnc International EquityPairCorr
  0.92PIUIX Pnc International EquityPairCorr
  0.93RRFAX Federated Real ReturnPairCorr
  0.92RRFCX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.18  0.00  0.10  0.00  0.00 
(0.25)
 0.36 
(0.34)
 1.06 
QKBGX  0.32  0.02 (0.01) 0.09  0.22 
(0.36)
 0.76 
(0.52)
 1.81 
SBFIX  0.30  0.04  0.04  0.12  0.12 
(0.34)
 0.74 
(0.51)
 1.82 
FRIEX  0.68  0.21  0.25  0.44  0.39 
(0.80)
 1.64 
(0.91)
 3.58 
STFSX  0.14  0.03 (0.14) 0.92  0.00 
(0.20)
 0.36 
(0.24)
 0.61 
STILX  0.13  0.03 (0.13) 0.42  0.00 
(0.20)
 0.36 
(0.24)
 0.60 
STISX  0.13  0.03 (0.11) 3.46  0.00 
(0.21)
 0.36 
(0.24)
 0.61 
FSBLX  0.29  0.04  0.05  0.13  0.11 
(0.34)
 0.78 
(0.47)
 1.74 
QLSGX  0.87  0.10  0.13  0.12  0.70 
(0.97)
 2.20 
(1.38)
 4.48 
QLSCX  0.85  0.07  0.10  0.10  0.75 
(0.97)
 2.17 
(1.37)
 4.62 

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