Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STILX Fund  USD 8.32  0.01  0.12%   
The current 90-days correlation between Federated Strategic and Gamco Global Telecommunications is 0.35 (i.e., Weak 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

Significant diversification

The correlation between Federated Strategic Income and DJI is 0.04 (i.e., Significant 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.98EMDIX Federated Emerging MarketPairCorr
  0.94QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.96SBFIX Federated Global AllPairCorr
  0.93FRIEX Federated Hermes EmergingPairCorr
  1.0STFSX Federated StrategicPairCorr
  1.0STIAX Federated StrategicPairCorr
  1.0STISX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  0.96FSBCX Federated Global AllPairCorr
  0.96FSBKX Federated Global AllPairCorr
  0.96FSBLX Federated Global AllPairCorr
  0.93QLSGX Federated Mdt SmallPairCorr
  0.93QLSCX Federated Mdt SmallPairCorr
  0.85FSGVX Federated U SPairCorr
  0.97FSHIX Federated Short IntePairCorr
  0.81FSGIX Federated Gov SecPairCorr
  0.96INISX Federated IntermediatePairCorr
  0.97FSHSX Federated Short IntePairCorr
  0.96FSILX Federated Short TermPairCorr
  0.96FSTIX Federated Short TermPairCorr
  0.94FSTKX Federated Mdt LargePairCorr
  0.94FSTLX Federated Mdt LargePairCorr
  0.94FSTRX Federated Mdt LargePairCorr
  0.96FSTYX Federated Short TermPairCorr
  0.95FSTBX Federated Global AllPairCorr
  0.93PIEFX Pnc Emerging MarketsPairCorr
  0.88PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.96FTIAX Federated Short TermPairCorr
  0.64FTGLX Federated Total ReturnPairCorr
  0.65FTGSX Federated Total ReturnPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.87SVACX Federated Strategic ValuePairCorr
  0.9PIUCX Pnc International EquityPairCorr
  0.91PIUIX Pnc International EquityPairCorr
  0.65RRFAX Federated Real ReturnPairCorr

Related Correlations Analysis

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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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