Federated Strategic Correlations

STILX Fund

USD 8.29 0.02 0.24%

The current 90-days correlation between Federated Strategic and Fidelity Sai Inflationfocused is -0.12 (i.e., Good 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 0.13 (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 bureau of economic analysis.

Moving together with Federated Mutual Fund

0.97	EMDIX	Federated Emerging Market	Pair Corr
1.0	STFSX	Federated Strategic	Pair Corr
1.0	STIAX	Federated Strategic	Pair Corr
1.0	STISX	Federated Strategic	Pair Corr
0.76	FSGVX	Federated U S	Pair Corr
0.8	FSHIX	Federated Short Inte	Pair Corr
0.83	FSGIX	Federated Gov Sec	Pair Corr
0.87	INISX	Federated Intermediate	Pair Corr
0.81	FSHSX	Federated Short Inte	Pair Corr
0.75	FSILX	Federated Short Term	Pair Corr
0.83	FSTIX	Federated Short Term	Pair Corr
0.8	FSTYX	Federated Short Term	Pair Corr
0.82	FTIAX	Federated Short Term	Pair Corr
0.68	FTIBX	Federated Global Total	Pair Corr
0.75	FTIIX	Federated Global Total	Pair Corr
0.63	FTGLX	Federated Total Return	Pair Corr
0.69	FTGSX	Federated Total Return	Pair Corr

Related Correlations Analysis

	FIFGX	AUNTX	IBRAX	TIIHX	LIFAX	MFTFX	AUNYX	BPRIX
FIFGX		0.65	0.05	0.11	0.57	-0.38	0.64	0.04	FIFGX
AUNTX	0.65		0.09	0.18	0.85	-0.38	1.0	0.04	AUNTX
IBRAX	0.05	0.09		0.98	0.28	0.61	0.09	0.99	IBRAX
TIIHX	0.11	0.18	0.98		0.38	0.55	0.18	0.98	TIIHX
LIFAX	0.57	0.85	0.28	0.38		-0.22	0.85	0.25	LIFAX
MFTFX	-0.38	-0.38	0.61	0.55	-0.22		-0.38	0.59	MFTFX
AUNYX	0.64	1.0	0.09	0.18	0.85	-0.38		0.05	AUNYX
BPRIX	0.04	0.04	0.99	0.98	0.25	0.59	0.05		BPRIX
	FIFGX	AUNTX	IBRAX	TIIHX	LIFAX	MFTFX	AUNYX	BPRIX

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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

AUNYX	+ 1.0	AUNTX
BPRIX	+ 0.99	IBRAX
TIIHX	+ 0.98	IBRAX
BPRIX	+ 0.98	TIIHX
LIFAX	+ 0.85	AUNTX
AUNYX	+ 0.85	LIFAX

High negative correlations

AUNYX	- 0.38	MFTFX
MFTFX	- 0.38	AUNTX
MFTFX	- 0.38	FIFGX
MFTFX	- 0.22	LIFAX

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
FIFGX	0.94	0.05	(0.06)	41.90	1.17	(0.94)	1.73	(1.98)	4.96
AUNTX	0.12	0.01	(0.52)	0.22	0.00	(0.17)	0.28	(0.19)	1.03
IBRAX	0.22	(0.03)	0.00	(0.51)	0.00	0.00	0.34	(0.56)	1.47
TIIHX	0.15	(0.02)	0.00	(0.57)	0.00	0.00	0.28	(0.28)	1.03
LIFAX	0.13	0.00	(0.56)	0.20	0.04	(0.16)	0.26	(0.26)	0.95
MFTFX	0.94	(0.13)	0.00	(0.03)	0.00	0.00	1.70	(1.89)	5.42
AUNYX	0.12	0.01	(0.52)	0.28	0.00	(0.16)	0.28	(0.18)	1.02
BPRIX	0.21	(0.03)	0.00	(0.81)	0.00	0.00	0.40	(0.51)	1.22

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