Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
EMDIX Fund  USD 7.96  0.01  0.13%   
The current 90-days correlation between Federated Emerging Market and Ab Discovery Value is 0.06 (i.e., Significant diversification). The correlation of Federated Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Federated Emerging Market 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 Emerging Market and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Emerging Market. 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

  0.89FRIEX Federated Hermes EmergingPairCorr
  0.94STFSX Federated StrategicPairCorr
  0.95STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.94STISX Federated StrategicPairCorr
  0.72FRSAX Federated Floating RatePairCorr
  0.87FSGVX Federated U SPairCorr
  0.93FSHIX Federated Short-intermediaPairCorr
  0.86FSGIX Federated Gov SecPairCorr
  0.91INISX Federated IntermediatePairCorr
  0.93FSHSX Federated Short-intermediaPairCorr
  0.9FSILX Federated Short TermPairCorr
  0.88FSTIX Federated Short TermPairCorr
  0.9FSTYX Federated Short TermPairCorr
  0.89PIEFX Pnc Emerging MarketsPairCorr
  0.9PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.89FTIAX Federated Short TermPairCorr
  0.89FTGLX Federated Total ReturnPairCorr
  0.89FTGSX Federated Total ReturnPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.93SVAIX Federated Strategic ValuePairCorr
  0.92SVACX Federated Strategic ValuePairCorr
  0.72PIUIX Pnc International EquityPairCorr
  0.93RRFAX Federated Real ReturnPairCorr
  0.93RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.6QLSGX Federated Mdt SmallPairCorr
  0.54QLSCX Federated Mdt SmallPairCorr
  0.44VSFCX Federated Clover SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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