Federated Equity Correlations

Mutual Funds . USA . 
Fund . Federated Equity Income
LEIFX Fund  USD 20.56  0.03  0.15%   
The current 90-days correlation between Federated Equity Income and Blackrock Emerging Markets is 0.12 (i.e., Average diversification). The correlation of Federated Equity 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 Equity Correlation With Market

Poor diversification

The correlation between Federated Equity Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Equity Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Federated Equity Income. 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 price.

Moving together with Federated Mutual Fund

  0.84EMDIX Federated Emerging MarketPairCorr
  0.8QKACX Federated Mdt AllPairCorr
  0.77QKBGX Federated Mdt BalancedPairCorr
  0.82SBFIX Federated Global AllPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.85STFSX Federated StrategicPairCorr
  0.84STIAX Federated StrategicPairCorr
  0.82STILX Federated StrategicPairCorr
  0.83STISX Federated StrategicPairCorr
  0.79FRSAX Federated Floating RatePairCorr
  0.81FSBCX Federated Global AllPairCorr
  0.81FSBKX Federated Global AllPairCorr
  0.94FSBLX Federated Global AllPairCorr
  0.76QLSGX Federated Mdt SmallPairCorr
  0.77QLSCX Federated Mdt SmallPairCorr
  0.87FSHIX Federated Short-intermediaPairCorr
  0.68INISX Federated IntermediatePairCorr
  0.87FSHSX Federated Short-intermediaPairCorr
  0.76FSILX Federated Short TermPairCorr
  0.74FSTIX Federated Short TermPairCorr
  0.83FSTKX Federated Mdt LargePairCorr
  0.81FSTLX Federated Mdt LargePairCorr
  0.83FSTRX Federated Mdt LargePairCorr
  0.77FSTYX Federated Short TermPairCorr
  0.82FSTBX Federated Global AllPairCorr
  0.81PIEFX Pnc Emerging MarketsPairCorr
  0.77SVALX Federated Strategic ValuePairCorr
  0.77FTIAX Federated Short TermPairCorr
  0.79SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.79SVACX Federated Strategic ValuePairCorr
  0.64FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.88PIGDX Pnc International GrowthPairCorr
  0.93PIUCX Pnc International EquityPairCorr
  0.93PIUIX Pnc International EquityPairCorr
  0.84RRFAX Federated Real ReturnPairCorr
  0.35RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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