Federated Strategic Correlations

SVACX Fund  USD 6.35  0.03  0.47%   
The current 90-days correlation between Federated Strategic Value and Matson Money Equity is -0.01 (i.e., Good 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 Value and DJI is 0.01 (i.e., Significant 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Federated Strategic Value. 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 main economic indicators.

Moving together with Federated Mutual Fund

  0.9EMDIX Federated Emerging MarketPairCorr
  0.89QKACX Federated Mdt AllPairCorr
  0.74QKBGX Federated Mdt BalancedPairCorr
  0.9SBFIX Federated Global AllPairCorr
  0.82FRIEX Federated Hermes EmergingPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.87STIAX Federated StrategicPairCorr
  0.87STILX Federated StrategicPairCorr
  0.74STISX Federated StrategicPairCorr
  0.72FRSAX Federated Floating RatePairCorr
  0.74FSBKX Federated Global AllPairCorr
  0.74FSBLX Federated Global AllPairCorr
  0.89QLSGX Federated Mdt SmallPairCorr
  0.9QLSCX Federated Mdt SmallPairCorr
  0.73FSGVX Federated U SPairCorr
  0.74FSHIX Federated Short-intermediaPairCorr
  0.72FSHSX Federated Short-intermediaPairCorr
  0.73FSILX Federated Short TermPairCorr
  0.73FSTIX Federated Short TermPairCorr
  0.91FSTKX Federated Mdt LargePairCorr
  0.74FSTLX Federated Mdt LargePairCorr
  0.74FSTRX Federated Mdt LargePairCorr
  0.9FSTBX Federated Global AllPairCorr
  0.8PIGDX Pnc International GrowthPairCorr
  0.86FTIAX Federated Short TermPairCorr
  1.0SVAAX Federated Strategic ValuePairCorr
  1.0SVAIX Federated Strategic ValuePairCorr
  0.85PIUIX Pnc International EquityPairCorr
  0.65FTRBX Federated Total ReturnPairCorr
  0.63FTRFX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.87BEARX Federated Prudent BearPairCorr

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.