Federated Equity Correlations

Mutual Funds . USA . 
Fund . Federated Equity Income
LEIFX Fund  USD 23.36  0.18  0.78%   
The current 90-days correlation between Federated Equity Income and Rbc Emerging Markets is 0.58 (i.e., Very weak diversification). The correlation of Federated Equity 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 Equity Correlation With Market

Good diversification

The correlation between Federated Equity Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Equity Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Federated Equity 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 census.

Moving together with Federated Mutual Fund

  0.75QKACX Federated Mdt AllPairCorr
  0.69QKBGX Federated Mdt BalancedPairCorr
  0.68SBFIX Federated Global AllPairCorr
  0.68STIAX Federated StrategicPairCorr
  0.68FSBKX Federated Global AllPairCorr
  0.99FSBLX Federated Global AllPairCorr
  0.68QLSGX Federated Mdt SmallPairCorr
  0.69QLSCX Federated Mdt SmallPairCorr
  0.91FSILX Federated Short TermPairCorr
  0.68FSTLX Federated Mdt LargePairCorr
  0.94PIEFX Pnc Emerging MarketsPairCorr
  0.92PIGDX Pnc International GrowthPairCorr
  0.91FTIAX Federated Short TermPairCorr
  0.63SVAIX Federated Strategic ValuePairCorr
  0.63PIUCX Pnc International EquityPairCorr
  0.63PIUIX Pnc International EquityPairCorr

Moving against Federated Mutual Fund

  0.58BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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