Federated Clover Correlations

VSFCX Fund

USD 21.90 0.28 1.26%

The current 90-days correlation between Federated Clover Small and Dws Global Macro is 0.04 (i.e., Significant diversification). The correlation of Federated Clover 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 Clover Correlation With Market

Modest diversification

The correlation between Federated Clover Small and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Clover Small 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 Clover Small. 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 main economic indicators.

Moving together with Federated Mutual Fund

0.92	QKACX	Federated Mdt All	Pair Corr
0.98	QKBGX	Federated Mdt Balanced	Pair Corr
0.62	QLSGX	Federated Mdt Small	Pair Corr
0.69	QLSCX	Federated Mdt Small	Pair Corr
0.99	FSTKX	Federated Mdt Large	Pair Corr
0.99	FSTLX	Federated Mdt Large	Pair Corr
0.99	FSTRX	Federated Mdt Large	Pair Corr
0.72	PIGDX	Pnc International Growth	Pair Corr
0.89	SVALX	Federated Strategic Value	Pair Corr
0.7	FTGLX	Federated Total Return	Pair Corr
0.7	FTGSX	Federated Total Return	Pair Corr
0.89	SVAAX	Federated Strategic Value	Pair Corr
0.88	SVAIX	Federated Strategic Value	Pair Corr
0.89	SVACX	Federated Strategic Value	Pair Corr
0.83	PIUCX	Pnc International Equity	Pair Corr
0.83	PIUIX	Pnc International Equity	Pair Corr

Moving against Federated Mutual Fund

0.49	FRSAX	Federated Floating Rate	Pair Corr
0.46	FSGVX	Federated U S	Pair Corr
0.53	FSILX	Federated Short Term	Pair Corr
0.53	FSTIX	Federated Short Term	Pair Corr
0.39	FSTYX	Federated Short Term	Pair Corr
0.38	FTIAX	Federated Short Term	Pair Corr
0.36	FSGIX	Federated Gov Sec	Pair Corr
0.62	FULAX	Federated Ultrashort Bond	Pair Corr

Related Correlations Analysis

	DBIWX	ANAGX	IAFLX	MSTGX	BPGSX	MSEQX	TFAGX
DBIWX		0.59	0.08	0.74	0.84	-0.11	0.36	DBIWX
ANAGX	0.59		0.54	0.71	0.57	0.36	0.57	ANAGX
IAFLX	0.08	0.54		0.26	0.12	0.45	0.61	IAFLX
MSTGX	0.74	0.71	0.26		0.91	0.33	0.69	MSTGX
BPGSX	0.84	0.57	0.12	0.91		0.02	0.52	BPGSX
MSEQX	-0.11	0.36	0.45	0.33	0.02		0.77	MSEQX
TFAGX	0.36	0.57	0.61	0.69	0.52	0.77		TFAGX
	DBIWX	ANAGX	IAFLX	MSTGX	BPGSX	MSEQX	TFAGX

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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

BPGSX	+ 0.91	MSTGX
BPGSX	+ 0.84	DBIWX
TFAGX	+ 0.77	MSEQX
MSTGX	+ 0.74	DBIWX
MSTGX	+ 0.71	ANAGX
TFAGX	+ 0.69	MSTGX

High negative correlations

MSEQX

- 0.11

DBIWX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Clover 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 Clover'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
DBIWX	0.25	(0.01)	(0.21)	(0.69)	0.38	(0.25)	0.49	(0.69)	1.86
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16
IAFLX	1.08	0.01	(0.03)	0.86	2.01	(1.02)	2.13	(2.29)	10.11
MSTGX	0.25	0.01	(0.19)	0.16	0.30	(0.32)	0.55	(0.33)	1.83
BPGSX	0.52	0.02	(0.08)	0.33	0.67	(0.54)	1.03	(0.95)	3.31
MSEQX	1.43	0.50	0.24	(4.94)	1.27	(1.72)	3.23	(1.96)	12.69
TFAGX	0.72	0.06	(0.02)	8.56	1.04	(0.76)	1.61	(1.60)	5.84

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