Federated Equity Correlations

LFEIX Fund

USD 21.00 0.06 0.29%

The current 90-days correlation between Federated Equity Income and Aqr Managed Futures is 0.1 (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 0.79 (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 gross domestic product.

Moving together with Federated Mutual Fund

0.87	EMDIX	Federated Emerging Market	Pair Corr
0.81	QKACX	Federated Mdt All	Pair Corr
0.79	QKBGX	Federated Mdt Balanced	Pair Corr
0.85	SBFIX	Federated Global All	Pair Corr
0.85	FRIEX	Federated Hermes Emerging	Pair Corr
0.89	STFSX	Federated Strategic	Pair Corr
0.88	STIAX	Federated Strategic	Pair Corr
0.87	STILX	Federated Strategic	Pair Corr
0.87	STISX	Federated Strategic	Pair Corr
0.79	FRSAX	Federated Floating Rate	Pair Corr
0.85	FSBCX	Federated Global All	Pair Corr
0.85	FSBKX	Federated Global All	Pair Corr
0.95	FSBLX	Federated Global All	Pair Corr
0.8	QLSGX	Federated Mdt Small	Pair Corr
0.8	QLSCX	Federated Mdt Small	Pair Corr
0.9	FSHIX	Federated Short-intermedia	Pair Corr
0.74	INISX	Federated Intermediate	Pair Corr
0.91	FSHSX	Federated Short Inte	Pair Corr
0.78	FSILX	Federated Short Term	Pair Corr
0.78	FSTIX	Federated Short Term	Pair Corr
0.85	FSTKX	Federated Mdt Large	Pair Corr
0.84	FSTLX	Federated Mdt Large	Pair Corr
0.85	FSTRX	Federated Mdt Large	Pair Corr
0.78	FSTYX	Federated Short Term	Pair Corr
0.86	FSTBX	Federated Global All	Pair Corr
0.85	PIEFX	Pnc Emerging Markets	Pair Corr
0.82	SVALX	Federated Strategic Value	Pair Corr
0.8	FTIAX	Federated Short Term	Pair Corr
0.83	SVAAX	Federated Strategic Value	Pair Corr
0.83	SVAIX	Federated Strategic Value	Pair Corr
0.83	SVACX	Federated Strategic Value	Pair Corr
0.68	FTRBX	Federated Total Return	Pair Corr

Moving against Federated Mutual Fund

0.89	PIGDX	Pnc International Growth	Pair Corr
0.94	PIUCX	Pnc International Equity	Pair Corr
0.94	PIUIX	Pnc International Equity	Pair Corr

Related Correlations Analysis

	AUNTX	AUNCX	MFTFX	QCILIX	GPMFX	BPRIX	HIPAX	QMHIX
AUNTX		0.99	0.86	0.6	0.84	0.7	0.63	0.94	AUNTX
AUNCX	0.99		0.79	0.58	0.78	0.72	0.67	0.91	AUNCX
MFTFX	0.86	0.79		0.64	0.97	0.61	0.47	0.91	MFTFX
QCILIX	0.6	0.58	0.64		0.64	0.83	0.62	0.63	QCILIX
GPMFX	0.84	0.78	0.97	0.64		0.61	0.44	0.92	GPMFX
BPRIX	0.7	0.72	0.61	0.83	0.61		0.73	0.68	BPRIX
HIPAX	0.63	0.67	0.47	0.62	0.44	0.73		0.53	HIPAX
QMHIX	0.94	0.91	0.91	0.63	0.92	0.68	0.53		QMHIX
	AUNTX	AUNCX	MFTFX	QCILIX	GPMFX	BPRIX	HIPAX	QMHIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUNTX	0.08	0.01	(0.28)	0.70	0.00	(0.13)	0.19	(0.09)	0.37
AUNCX	0.08	0.00	(0.30)	0.28	0.00	(0.12)	0.18	(0.18)	0.37
MFTFX	1.07	0.18	0.10	0.86	1.23	(1.15)	2.06	(2.15)	6.76
QCILIX	0.09	0.00	(0.32)	0.00	0.06	(0.09)	0.21	(0.16)	0.46
GPMFX	0.68	0.07	0.05	0.15	0.88	(0.69)	1.23	(1.53)	4.28
BPRIX	0.12	0.00	(0.22)	(0.01)	0.11	(0.16)	0.20	(0.30)	0.92
HIPAX	0.11	(0.01)	0.00	(0.22)	0.00	0.00	0.20	(0.20)	0.58
QMHIX	0.71	0.13	0.10	0.44	0.81	(0.75)	1.42	(1.33)	4.87

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