Federated Clover Correlations

Mutual Funds . USA . 
Fund . Federated Clover Small
VSFIX Fund  USD 23.47  0.10  0.42%   
The current 90-days correlation between Federated Clover Small and Manning Napier Diversified is 0.06 (i.e., Significant 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

Very poor diversification

The correlation between Federated Clover Small and DJI is 0.81 (i.e., Very 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.9QKACX Federated Mdt AllPairCorr
  0.76QKBGX Federated Mdt BalancedPairCorr
  0.65SBFIX Federated Global AllPairCorr
  0.67FSBCX Federated Global AllPairCorr
  0.66FSBKX Federated Global AllPairCorr
  0.67FSBLX Federated Global AllPairCorr
  0.88QLSGX Federated Mdt SmallPairCorr
  0.91QLSCX Federated Mdt SmallPairCorr
  0.65FSTBX Federated Global AllPairCorr

Moving against Federated Mutual Fund

  0.71FSGVX Federated U SPairCorr
  0.4FRIEX Federated Hermes EmergingPairCorr
  0.38EMDIX Federated Emerging MarketPairCorr
  0.38FSHIX Federated Short-intermediaPairCorr
  0.35STIAX Federated StrategicPairCorr
  0.34STFSX Federated StrategicPairCorr
  0.34STILX Federated StrategicPairCorr
  0.34STISX Federated StrategicPairCorr
  0.65FSGIX Federated Gov SecPairCorr
  0.6FSTIX Federated Short TermPairCorr
  0.6FTIAX Federated Short TermPairCorr
  0.59FSILX Federated Short TermPairCorr
  0.59FSTYX Federated Short TermPairCorr
  0.59FTGLX Federated Total ReturnPairCorr
  0.59FTGSX Federated Total ReturnPairCorr
  0.54INISX Federated IntermediatePairCorr
  0.37FSHSX Federated Short-intermediaPairCorr
  0.33PIEFX Pnc Emerging MarketsPairCorr
  0.69FULBX Federated Ultrashort BondPairCorr
  0.65FULIX Federated Ultrashort BondPairCorr
  0.63FULAX Federated Ultrashort BondPairCorr
  0.59FTRGX Federated Total ReturnPairCorr
  0.58FCBRX Federated HermesPairCorr
  0.56FTRFX Federated Total ReturnPairCorr

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 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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