Federated Strategic Correlations

Mutual Funds USA . 
Fund . Federated Strategic Income
STFSX Fund  USD 8.22  0.02  0.24%   
The current 90-days correlation between Federated Strategic and Federated Emerging Market is 0.86 (i.e., Very poor diversification). The correlation of Federated Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Federated Strategic Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Strategic Income 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 Strategic 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 state.

Moving together with Federated Mutual Fund

  0.98EMDIX Federated Emerging MarketPairCorr
  1.0STIAX Federated StrategicPairCorr
  1.0STILX Federated StrategicPairCorr
  1.0STISX Federated StrategicPairCorr
  0.84FSGVX Federated U SPairCorr
  0.8FSHIX Federated Short IntePairCorr
  0.83FSGIX Federated Gov SecPairCorr
  0.87INISX Federated IntermediatePairCorr
  0.81FSHSX Federated Short IntePairCorr
  0.81FSILX Federated Short TermPairCorr
  0.83FSTIX Federated Short TermPairCorr
  0.81FSTYX Federated Short TermPairCorr
  0.82FTIAX Federated Short TermPairCorr
  0.74FTIBX Federated Global TotalPairCorr
  0.76FTIIX Federated Global TotalPairCorr
  0.71FTGLX Federated Total ReturnPairCorr
  0.7FTGSX Federated Total ReturnPairCorr

Related Correlations Analysis

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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   
QKBGX
+ 0.98
QKACX
FRSAX
+ 0.87
QKACX
SBFIX
+ 0.84
QKBGX
FRSAX
+ 0.81
QKBGX
SBFIX
+ 0.73
QKACX
FRIEX
+ 0.7
SBFIX
  
High negative correlations   
FRSAX
- 0.3
EMDIX
QKACX
- 0.2
EMDIX
QKBGX
- 0.01
EMDIX

Risk-Adjusted Indicators

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