Federated Strategic Correlations

STIAX Fund

USD 8.45 0.01 0.12%

The current 90-days correlation between Federated Strategic and Cref Money Market is 0.01 (i.e., Significant 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

Very poor diversification

The correlation between Federated Strategic Income and DJI is 0.89 (i.e., Very poor 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 nation.

Moving together with Federated Mutual Fund

0.71	QKACX	Federated Mdt All	Pair Corr
0.66	QKBGX	Federated Mdt Balanced	Pair Corr
0.62	SBFIX	Federated Global All	Pair Corr
0.97	STILX	Federated Strategic	Pair Corr
0.96	STISX	Federated Strategic	Pair Corr
0.88	FRSAX	Federated Floating Rate	Pair Corr
0.64	QLSCX	Federated Mdt Small	Pair Corr
0.9	FSILX	Federated Short Term	Pair Corr
0.88	FSTIX	Federated Short Term	Pair Corr
0.64	FSTKX	Federated Mdt Large	Pair Corr
0.66	FSTLX	Federated Mdt Large	Pair Corr
0.92	FSTRX	Federated Mdt Large	Pair Corr
0.72	FSTYX	Federated Short Term	Pair Corr
0.66	PIEFX	Pnc Emerging Markets	Pair Corr
0.91	SVACX	Federated Strategic Value	Pair Corr
0.88	FULAX	Federated Ultrashort Bond	Pair Corr
0.88	FULLX	Federated Hermes Ult	Pair Corr
0.89	VSFCX	Federated Clover Small	Pair Corr

Moving against Federated Mutual Fund

0.86	PIGDX	Pnc International Growth	Pair Corr
0.75	RRFAX	Federated Real Return	Pair Corr
0.59	PIUCX	Pnc International Equity	Pair Corr
0.59	PIUIX	Pnc International Equity	Pair Corr
0.51	BEARX	Federated Prudent Bear	Pair Corr
0.46	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	PFCXX	SWGXX	FMVUX	PBMXX	ELMXX	QCMMIX
PFCXX		0.0	0.0	0.0	0.0	0.0	PFCXX
SWGXX	0.0		0.0	0.0	0.0	0.0	SWGXX
FMVUX	0.0	0.0		0.0	0.0	0.73	FMVUX
PBMXX	0.0	0.0	0.0		0.0	0.0	PBMXX
ELMXX	0.0	0.0	0.0	0.0		0.0	ELMXX
QCMMIX	0.0	0.0	0.73	0.0	0.0		QCMMIX
	PFCXX	SWGXX	FMVUX	PBMXX	ELMXX	QCMMIX

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

QCMMIX	+ 0.73	FMVUX
SWGXX	+ 0.0	PFCXX
FMVUX	+ 0.0	PFCXX
PBMXX	+ 0.0	PFCXX
ELMXX	+ 0.0	PFCXX
QCMMIX	+ 0.0	PFCXX

High negative correlations

QCMMIX	- 0.0	ELMXX
QCMMIX	- 0.0	PBMXX
ELMXX	- 0.0	PBMXX
ELMXX	- 0.0	FMVUX
PBMXX	- 0.0	FMVUX
QCMMIX	- 0.0	SWGXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMVUX	0.75	0.15	0.18	0.24	0.54	(0.89)	1.89	(1.26)	7.72
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.03

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