Federated Emerging Correlations

IHIAX Fund

USD 7.94 0.01 0.13%

The current 90-days correlation between Federated Emerging Market and Glg Intl Small is 0.47 (i.e., Very weak 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

Modest diversification

The correlation between Federated Emerging Market and DJI is 0.27 (i.e., Modest 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 Risk vs Return Analysis 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 nation.

Moving together with Federated Mutual Fund

1.0	EMDIX	Federated Emerging Market	Pair Corr
0.86	SBFIX	Federated Global All	Pair Corr
0.82	FRIEX	Federated Hermes Emerging	Pair Corr
0.94	STFSX	Federated Strategic	Pair Corr
0.93	STIAX	Federated Strategic	Pair Corr
0.95	STILX	Federated Strategic	Pair Corr
0.95	STISX	Federated Strategic	Pair Corr
0.91	FSBCX	Federated Global All	Pair Corr
0.92	FSBKX	Federated Global All	Pair Corr
0.86	FSBLX	Federated Global All	Pair Corr
0.89	FSHIX	Federated Short-intermedia	Pair Corr
0.74	FSGIX	Federated Gov Sec	Pair Corr
0.86	INISX	Federated Intermediate	Pair Corr
0.89	FSHSX	Federated Short Inte	Pair Corr
0.71	FSILX	Federated Short Term	Pair Corr
0.74	FSTIX	Federated Short Term	Pair Corr
0.73	FSTYX	Federated Short Term	Pair Corr
0.92	FSTBX	Federated Global All	Pair Corr
0.73	PIEFX	Pnc Emerging Markets	Pair Corr
0.9	PIGDX	Pnc International Growth	Pair Corr
0.72	SVALX	Federated Strategic Value	Pair Corr
0.72	FTIAX	Federated Short Term	Pair Corr
0.68	FTGLX	Federated Total Return	Pair Corr
0.75	SVAAX	Federated Strategic Value	Pair Corr
0.73	SVAIX	Federated Strategic Value	Pair Corr
0.73	SVACX	Federated Strategic Value	Pair Corr
0.91	RRFAX	Federated Real Return	Pair Corr
0.88	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	GLVIX	GMCOX	EMSLX	MFTFX	MSSGX	PIEQX	FITSX
GLVIX		0.39	0.57	0.74	0.67	0.87	0.38	GLVIX
GMCOX	0.39		0.57	0.05	0.32	0.61	0.91	GMCOX
EMSLX	0.57	0.57		0.29	0.23	0.78	0.52	EMSLX
MFTFX	0.74	0.05	0.29		0.64	0.58	-0.05	MFTFX
MSSGX	0.67	0.32	0.23	0.64		0.45	0.32	MSSGX
PIEQX	0.87	0.61	0.78	0.58	0.45		0.59	PIEQX
FITSX	0.38	0.91	0.52	-0.05	0.32	0.59		FITSX
	GLVIX	GMCOX	EMSLX	MFTFX	MSSGX	PIEQX	FITSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FITSX	+ 0.91	GMCOX
PIEQX	+ 0.87	GLVIX
PIEQX	+ 0.78	EMSLX
MFTFX	+ 0.74	GLVIX
MSSGX	+ 0.67	GLVIX
MSSGX	+ 0.64	MFTFX

High negative correlations

FITSX

- 0.05

MFTFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLVIX	0.73	0.10	0.11	0.19	0.80	(0.81)	1.37	(1.18)	5.20
GMCOX	0.22	0.01	0.05	(0.28)	0.19	(0.28)	0.61	(0.49)	1.24
EMSLX	0.60	0.06	0.07	0.29	0.76	(0.59)	1.25	(1.24)	3.66
MFTFX	1.18	0.07	0.04	1.22	1.52	(1.23)	2.48	(2.51)	6.97
MSSGX	1.61	0.19	0.10	0.18	1.79	(1.91)	3.70	(2.79)	10.79
PIEQX	0.56	0.09	0.12	(0.73)	0.65	(0.64)	1.16	(0.94)	3.81
FITSX	0.25	0.01	0.05	0.17	0.26	(0.30)	0.57	(0.46)	1.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC