Federated Equity Correlations

FDERX Fund

USD 22.53 0.06 0.27%

The current 90-days correlation between Federated Equity Income and Fidelity Real Estate is -0.19 (i.e., Good diversification). The correlation of Federated Equity 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 Equity Correlation With Market

Good diversification

The correlation between Federated Equity Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Equity Income 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 Equity 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

0.83	QKACX	Federated Mdt All	Pair Corr
0.85	QKBGX	Federated Mdt Balanced	Pair Corr
0.79	SBFIX	Federated Global All	Pair Corr
0.82	FSBCX	Federated Global All	Pair Corr
0.81	FSBKX	Federated Global All	Pair Corr
0.71	FSBLX	Federated Global All	Pair Corr
0.64	QLSCX	Federated Mdt Small	Pair Corr
0.84	FSTKX	Federated Mdt Large	Pair Corr
0.84	FSTLX	Federated Mdt Large	Pair Corr
0.84	FSTRX	Federated Mdt Large	Pair Corr
0.81	FSTBX	Federated Global All	Pair Corr

Related Correlations Analysis

	FRIOX	VGSIX	CREFX	SEIRX	CREMX	NRSCX	REPIX
FRIOX		0.8	0.92	0.83	0.9	0.6	0.86	FRIOX
VGSIX	0.8		0.83	0.81	0.59	0.27	0.83	VGSIX
CREFX	0.92	0.83		0.97	0.71	0.41	0.98	CREFX
SEIRX	0.83	0.81	0.97		0.55	0.28	0.99	SEIRX
CREMX	0.9	0.59	0.71	0.55		0.64	0.61	CREMX
NRSCX	0.6	0.27	0.41	0.28	0.64		0.28	NRSCX
REPIX	0.86	0.83	0.98	0.99	0.61	0.28		REPIX
	FRIOX	VGSIX	CREFX	SEIRX	CREMX	NRSCX	REPIX

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Equity 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 Equity'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
FRIOX	0.26	0.01	0.02	0.06	0.32	(0.28)	0.59	(0.50)	1.30
VGSIX	0.93	(0.02)	0.00	0.05	0.00	0.00	1.73	(1.97)	4.57
CREFX	0.93	(0.02)	0.00	(0.03)	0.00	0.00	1.59	(1.75)	4.82
SEIRX	0.94	(0.04)	0.00	(0.05)	0.00	0.00	1.69	(1.81)	4.42
CREMX	0.02	0.02	0.00	5.68	0.00	0.00	0.08	0.00	0.08
NRSCX	0.18	0.00	0.00	0.14	0.23	(0.18)	0.31	(0.37)	1.00
REPIX	1.42	(0.04)	0.00	(0.03)	0.00	0.00	2.69	(2.92)	7.54

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Federated Equity Correlations

Federated Equity Correlation With Market

Good diversification

Moving together with Federated Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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