Federated Strategic Correlations

SVAIX Fund

USD 6.26 0.01 0.16%

The current 90-days correlation between Federated Strategic Value and Federated Hermes Mdt is 0.11 (i.e., Average 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

Good diversification

The correlation between Federated Strategic Value and DJI is -0.14 (i.e., Good 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 gross domestic product.

Moving together with Federated Mutual Fund

0.91	QKACX	Federated Mdt All	Pair Corr
0.93	QKBGX	Federated Mdt Balanced	Pair Corr
0.91	SBFIX	Federated Global All	Pair Corr
0.89	FRIEX	Federated Hermes Emerging	Pair Corr
0.9	STIAX	Federated Strategic	Pair Corr
0.91	STILX	Federated Strategic	Pair Corr
0.91	STISX	Federated Strategic	Pair Corr
0.93	FRSAX	Federated Floating Rate	Pair Corr
0.91	FSBCX	Federated Global All	Pair Corr
0.91	FSBKX	Federated Global All	Pair Corr
0.91	FSBLX	Federated Global All	Pair Corr
0.93	QLSGX	Federated Mdt Small	Pair Corr
0.9	QLSCX	Federated Mdt Small	Pair Corr
0.72	FSGVX	Federated U S	Pair Corr
0.92	FSHIX	Federated Short-intermedia	Pair Corr
0.66	FSGIX	Federated Gov Sec	Pair Corr
0.86	INISX	Federated Intermediate	Pair Corr
0.92	FSHSX	Federated Short Inte	Pair Corr
0.9	FSILX	Federated Short Term	Pair Corr
0.94	FSTKX	Federated Mdt Large	Pair Corr
0.91	FSTLX	Federated Mdt Large	Pair Corr
0.94	FSTRX	Federated Mdt Large	Pair Corr
0.93	FSTBX	Federated Global All	Pair Corr
0.94	SVALX	Federated Strategic Value	Pair Corr
0.87	FTIAX	Federated Short Term	Pair Corr
0.94	SVAAX	Federated Strategic Value	Pair Corr
0.94	SVACX	Federated Strategic Value	Pair Corr
0.9	PIUCX	Pnc International Equity	Pair Corr
0.9	PIUIX	Pnc International Equity	Pair Corr
0.64	FTRBX	Federated Total Return	Pair Corr
0.69	FTRFX	Federated Total Return	Pair Corr
0.64	FTRLX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.91

BEARX

Federated Prudent Bear

Pair Corr

Related Correlations Analysis

	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	ICFBX	FHESX	FHERX	FHEQX
QAMNX		0.81	0.8	0.0	0.74	0.0	0.79	0.79	0.8	QAMNX
QALGX	0.81		0.96	0.0	0.86	0.0	0.96	0.96	0.98	QALGX
FHBRX	0.8	0.96		0.0	0.92	0.0	0.95	0.95	0.93	FHBRX
FHBBX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FHBBX
ICBRX	0.74	0.86	0.92	0.0		0.0	0.81	0.81	0.81	ICBRX
ICFBX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ICFBX
FHESX	0.79	0.96	0.95	0.0	0.81	0.0		1.0	0.97	FHESX
FHERX	0.79	0.96	0.95	0.0	0.81	0.0	1.0		0.97	FHERX
FHEQX	0.8	0.98	0.93	0.0	0.81	0.0	0.97	0.97		FHEQX
	QAMNX	QALGX	FHBRX	FHBBX	ICBRX	ICFBX	FHESX	FHERX	FHEQX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FHERX	+ 1.0	FHESX
FHEQX	+ 0.98	QALGX
FHEQX	+ 0.97	FHESX
FHEQX	+ 0.97	FHERX
FHBRX	+ 0.96	QALGX
FHESX	+ 0.96	QALGX

High negative correlations

FHEQX	- 0.0	ICFBX
FHERX	- 0.0	ICFBX
FHESX	- 0.0	ICFBX
ICFBX	- 0.0	ICBRX
FHEQX	- 0.0	FHBBX
FHERX	- 0.0	FHBBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QAMNX	0.30	0.04	(0.28)	(0.41)	0.24	(0.38)	0.58	(0.53)	1.74
QALGX	0.80	0.34	0.18	(2.43)	0.61	(0.94)	2.27	(1.49)	5.91
FHBRX	0.13	0.04	(0.31)	0.46	0.00	(0.22)	0.46	(0.15)	1.04
FHBBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICBRX	0.19	0.04	(0.35)	(1.92)	0.00	(0.24)	0.36	(0.35)	0.96
ICFBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHESX	0.69	0.09	0.07	0.24	0.63	(0.81)	1.54	(1.49)	4.90
FHERX	0.68	0.09	0.07	0.24	0.62	(0.81)	1.45	(1.51)	4.75
FHEQX	0.72	0.23	0.10	(2.49)	0.61	(0.86)	1.54	(1.49)	4.92

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