Federated Clover Correlations

Mutual Funds . USA . 
Fund . Federated Clover Small
VSFAX Fund  USD 23.52  0.54  2.35%   
The current 90-days correlation between Federated Clover Small and Gamco Global Gold is 0.15 (i.e., Average diversification). The correlation of Federated Clover 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 Clover Correlation With Market

Poor diversification

The correlation between Federated Clover Small and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Clover Small 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 Clover Small. 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

  0.9QKACX Federated Mdt AllPairCorr
  0.74QKBGX Federated Mdt BalancedPairCorr
  0.65SBFIX Federated Global AllPairCorr
  0.67FSBKX Federated Global AllPairCorr
  0.65FSBLX Federated Global AllPairCorr
  0.95QLSGX Federated Mdt SmallPairCorr
  0.97QLSCX Federated Mdt SmallPairCorr
  0.66FSTBX Federated Global AllPairCorr

Moving against Federated Mutual Fund

  0.67FSGVX Federated U SPairCorr
  0.44FSHIX Federated Short-intermediaPairCorr
  0.4FRIEX Federated Hermes EmergingPairCorr
  0.38EMDIX Federated Emerging MarketPairCorr
  0.35STFSX Federated StrategicPairCorr
  0.35STIAX Federated StrategicPairCorr
  0.34STILX Federated StrategicPairCorr
  0.34STISX Federated StrategicPairCorr
  0.67FSGIX Federated Gov SecPairCorr
  0.62FSILX Federated Short TermPairCorr
  0.62FSTIX Federated Short TermPairCorr
  0.62FTIAX Federated Short TermPairCorr
  0.62FTGLX Federated Total ReturnPairCorr
  0.61FSTYX Federated Short TermPairCorr
  0.61FTGSX Federated Total ReturnPairCorr
  0.57INISX Federated IntermediatePairCorr
  0.5FSHSX Federated Short-intermediaPairCorr
  0.4PIEFX Pnc Emerging MarketsPairCorr
  0.33SVALX Federated Strategic ValuePairCorr
  0.32SVAAX Federated Strategic ValuePairCorr
  0.65FULBX Federated Ultrashort BondPairCorr
  0.64FULAX Federated Ultrashort BondPairCorr
  0.64FULIX Federated Ultrashort BondPairCorr
  0.61FTRGX Federated Total ReturnPairCorr
  0.61FCBRX Federated HermesPairCorr
  0.58FTRBX Federated Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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