Federated Clover Correlations

VSFCX Fund  USD 21.43  0.28  1.29%   
The current 90-days correlation between Federated Clover Small and Bbh Intermediate Municipal is 0.19 (i.e., Average diversification). The correlation of Federated Clover 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 Clover Correlation With Market

Poor diversification

The correlation between Federated Clover Small and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Clover Small 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 Clover Small. 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

  0.81EMDIX Federated Emerging MarketPairCorr
  0.82QKACX Federated Mdt AllPairCorr
  0.95QKBGX Federated Mdt BalancedPairCorr
  0.81SBFIX Federated Global AllPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.89STFSX Federated StrategicPairCorr
  0.81STIAX Federated StrategicPairCorr
  0.8STILX Federated StrategicPairCorr
  0.89STISX Federated StrategicPairCorr
  0.93FRSAX Federated Floating RatePairCorr
  0.94FSBCX Federated Global AllPairCorr
  0.94FSBKX Federated Global AllPairCorr
  0.94FSBLX Federated Global AllPairCorr
  0.81QLSGX Federated Mdt SmallPairCorr
  0.82QLSCX Federated Mdt SmallPairCorr
  0.63FSGVX Federated U SPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.61FSGIX Federated Gov SecPairCorr
  0.9FSHSX Federated Short-intermediaPairCorr
  0.83FSILX Federated Short TermPairCorr
  0.81FSTIX Federated Short TermPairCorr
  0.83FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.95FSTRX Federated Mdt LargePairCorr
  0.83FSTYX Federated Short TermPairCorr
  0.83FSTBX Federated Global AllPairCorr
  0.73PIGDX Pnc International GrowthPairCorr
  0.73SVALX Federated Strategic ValuePairCorr
  0.77FTIAX Federated Short TermPairCorr
  0.75SVAAX Federated Strategic ValuePairCorr
  0.75SVAIX Federated Strategic ValuePairCorr
  0.72SVACX Federated Strategic ValuePairCorr
  0.74PIUIX Pnc International EquityPairCorr

Moving against Federated Mutual Fund

  0.83BEARX 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 Clover 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 Clover'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.