Federated Strategic Correlations

Mutual Funds . USA . 
Fund . Federated Strategic Income
STISX Fund  USD 8.19  0.02  0.24%   
The current 90-days correlation between Federated Strategic and Transamerica Mlp Energy is 0.29 (i.e., Modest 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

Modest diversification

The correlation between Federated Strategic Income and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Strategic Income 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 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 state.

Moving together with Federated Mutual Fund

  0.94EMDIX Federated Emerging MarketPairCorr
  0.79FRIEX Federated Hermes EmergingPairCorr
  1.0STFSX Federated StrategicPairCorr
  1.0STIAX Federated StrategicPairCorr
  1.0STILX Federated StrategicPairCorr
  0.78FRSAX Federated Floating RatePairCorr
  0.9FSGVX Federated U SPairCorr
  0.93FSHIX Federated Short-intermediaPairCorr
  0.92FSGIX Federated Gov SecPairCorr
  0.84FSHSX Federated Short-intermediaPairCorr
  0.68FSILX Federated Short TermPairCorr
  0.68FSTIX Federated Short TermPairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.81PIEFX Pnc Emerging MarketsPairCorr
  0.85PIGDX Pnc International GrowthPairCorr
  0.74SVALX Federated Strategic ValuePairCorr
  0.63FTIAX Federated Short TermPairCorr
  0.74FTGLX Federated Total ReturnPairCorr
  0.93FTGSX Federated Total ReturnPairCorr
  0.74SVAAX Federated Strategic ValuePairCorr
  0.96SVAIX Federated Strategic ValuePairCorr
  0.76SVACX Federated Strategic ValuePairCorr
  0.7PIUCX Pnc International EquityPairCorr
  0.67PIUIX Pnc International EquityPairCorr
  0.97RRFAX Federated Real ReturnPairCorr
  0.71RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.38QLSGX Federated Mdt SmallPairCorr
  0.33QLSCX Federated Mdt SmallPairCorr

Related Correlations Analysis

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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.

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