Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
IHIAX Fund  USD 7.94  0.01  0.13%   
The current 90-days correlation between Federated Emerging Market and Barings Emerging Markets is 0.02 (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

Modest diversification

The correlation between Federated Emerging Market and DJI is 0.22 (i.e., Modest 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 Risk vs Return Analysis 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 nation.

Moving together with Federated Mutual Fund

  0.98EMDIX Federated Emerging MarketPairCorr
  0.86FRIEX Federated Hermes EmergingPairCorr
  0.97STFSX Federated StrategicPairCorr
  0.97STIAX Federated StrategicPairCorr
  0.97STILX Federated StrategicPairCorr
  0.97STISX Federated StrategicPairCorr
  0.76FRSAX Federated Floating RatePairCorr
  0.87FSGVX Federated U SPairCorr
  0.93FSHIX Federated Short-intermediaPairCorr
  0.88FSGIX Federated Gov SecPairCorr
  0.91INISX Federated IntermediatePairCorr
  0.93FSHSX Federated Short-intermediaPairCorr
  0.92FSILX Federated Short TermPairCorr
  0.9FSTIX Federated Short TermPairCorr
  0.92FSTYX Federated Short TermPairCorr
  0.88PIEFX Pnc Emerging MarketsPairCorr
  0.92PIGDX Pnc International GrowthPairCorr
  0.96SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.89FTGLX Federated Total ReturnPairCorr
  0.89FTGSX Federated Total ReturnPairCorr
  0.96SVAAX Federated Strategic ValuePairCorr
  0.95SVAIX Federated Strategic ValuePairCorr
  0.95SVACX Federated Strategic ValuePairCorr
  0.69PIUIX Pnc International EquityPairCorr
  0.94RRFAX Federated Real ReturnPairCorr
  0.94RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.57QLSGX Federated Mdt SmallPairCorr
  0.5QLSCX Federated Mdt SmallPairCorr
  0.4VSFCX Federated Clover SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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