Federated Strategic Correlations

Mutual Funds USA . 
Fund . Federated Strategic Value
SVALX Fund  USD 6.21  0.05  0.80%   
The current 90-days correlation between Federated Strategic Value and Davis Financial Fund is 0.16 (i.e., Average 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

Very weak diversification

The correlation between Federated Strategic Value and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Strategic Value 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 Value. 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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.93EMDIX Federated Emerging MarketPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.96STFSX Federated StrategicPairCorr
  0.96STIAX Federated StrategicPairCorr
  0.96STILX Federated StrategicPairCorr
  0.96STISX Federated StrategicPairCorr
  0.77FRSAX Federated Floating RatePairCorr
  0.84FSGVX Federated U SPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.87FSGIX Federated Gov SecPairCorr
  0.89INISX Federated IntermediatePairCorr
  0.91FSHSX Federated Short-intermediaPairCorr
  0.89FSILX Federated Short TermPairCorr
  0.89FSTIX Federated Short TermPairCorr
  0.63FSTKX Federated Mdt LargePairCorr
  0.64FSTLX Federated Mdt LargePairCorr
  0.63FSTRX Federated Mdt LargePairCorr
  0.9FSTYX Federated Short TermPairCorr
  0.82PIEFX Pnc Emerging MarketsPairCorr
  0.87PIGDX Pnc International GrowthPairCorr
  0.87FTIAX Federated Short TermPairCorr
  0.87FTGLX Federated Total ReturnPairCorr
  0.86FTGSX Federated Total ReturnPairCorr
  1.0SVAAX Federated Strategic ValuePairCorr
  1.0SVAIX Federated Strategic ValuePairCorr
  1.0SVACX Federated Strategic ValuePairCorr
  0.93RRFAX Federated Real ReturnPairCorr
  0.93RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.55QLSGX Federated Mdt SmallPairCorr
  0.47QLSCX 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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