Federated Emerging Correlations

Mutual Funds . USA . 
Fund . Federated Emerging Market
EMDIX Fund  USD 7.66  0.02  0.26%   
The current 90-days correlation between Federated Emerging Market and Victory High Yield is 0.27 (i.e., Modest 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

Average diversification

The correlation between Federated Emerging Market and DJI is 0.17 (i.e., Average 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 Investing Opportunities 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.88FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.93STILX Federated StrategicPairCorr
  0.92STISX Federated StrategicPairCorr
  0.65FRSAX Federated Floating RatePairCorr
  0.81FSHIX Federated Short-intermediaPairCorr
  0.7INISX Federated IntermediatePairCorr
  0.81FSHSX Federated Short-intermediaPairCorr
  0.63FSTYX Federated Short TermPairCorr
  0.84PIEFX Pnc Emerging MarketsPairCorr
  0.77PIGDX Pnc International GrowthPairCorr
  0.93SVALX Federated Strategic ValuePairCorr
  0.62FTGSX Federated Total ReturnPairCorr
  0.93SVAAX Federated Strategic ValuePairCorr
  0.93SVAIX Federated Strategic ValuePairCorr
  0.93SVACX Federated Strategic ValuePairCorr
  0.91PIUCX Pnc International EquityPairCorr
  0.9PIUIX Pnc International EquityPairCorr
  0.62RRFAX Federated Real ReturnPairCorr
  0.62RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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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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