Federated Global Competition

FSBKX Fund

USD 22.08 0.06 0.27%

The fund is listed under World Allocation category and is part of Federated family. Federated Global All is often compared with Federated Global, Boston Partners, Ridgeworth International, Martin Currie, and Martin Currie and additional peers. The peer set adds context for comparison. Peer comparison for Federated Global provides quick context before deeper valuation work.

Correlation: Federated Global vs Prudential Jennison Summary

Almost no diversification

For the present investment horizon, the measured correlation between FSBKX and PJIAX stands at 0.96, or Almost no diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Moving together with Federated Mutual Fund

0.65	QKBGX	Federated Mdt Balanced	Pair Corr
1.0	FSBCX	Federated Global All	Pair Corr
0.93	FSBLX	Federated Global All	Pair Corr
0.77	QLSCX	Federated Mdt Small	Pair Corr

Moving against Federated Mutual Fund

0.71	PMIEX	Pnc International Equity	Pair Corr
0.69	PIGDX	Pnc International Growth	Pair Corr
0.4	QRLGX	Qrlgx	Pair Corr

Specify up to 10 symbols:

Mean reversion traders in Federated Global's look for price extremes that diverge materially from the historical norm, then position for the reversion that typically follows when the initial catalyst fades.

Hype

Prediction

Low	Estimated	High
21.53	22.08	22.63

Details

Intrinsic

Valuation

Low	Real	High
21.56	22.11	22.66

Details

Naive

Forecast

Low	Next	High
21.24	21.79	22.34

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
22.06	22.50	22.95

Details

When analyzing Federated Global, investors should assess its competitive position relative to sector peers. A company that looks attractive in isolation may be significantly outperformed by competitors on the same metrics.

Federated Global Competition Correlation Matrix

Correlation analysis between Federated Global Allocation and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	FSBCX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX
FSBCX		0.87	-0.27	0.97	0.97	0.85	0.85	0.94	0.96	0.96	FSBCX
BPGIX	0.87		-0.27	0.85	0.85	0.74	0.73	0.92	0.86	0.86	BPGIX
STITX	-0.27	-0.27		-0.39	-0.39	0.08	0.09	-0.29	-0.46	-0.45	STITX
MEFIX	0.97	0.85	-0.39		1.0	0.77	0.77	0.95	0.97	0.97	MEFIX
MCEMX	0.97	0.85	-0.39	1.0		0.77	0.77	0.95	0.97	0.97	MCEMX
GCPYX	0.85	0.74	0.08	0.77	0.77		1.0	0.82	0.76	0.77	GCPYX
GCPAX	0.85	0.73	0.09	0.77	0.77	1.0		0.82	0.75	0.76	GCPAX
PJIZX	0.94	0.92	-0.29	0.95	0.95	0.82	0.82		0.92	0.93	PJIZX
PJOQX	0.96	0.86	-0.46	0.97	0.97	0.76	0.75	0.92		1.0	PJOQX
PJIAX	0.96	0.86	-0.45	0.97	0.97	0.77	0.76	0.93	1.0		PJIAX
	FSBCX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX

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High positive correlations

MCEMX	+ 1.0	MEFIX
GCPAX	+ 1.0	GCPYX
PJIAX	+ 1.0	PJOQX
MEFIX	+ 0.97	FSBCX
MCEMX	+ 0.97	FSBCX
PJOQX	+ 0.97	MEFIX

High negative correlations

PJOQX	- 0.46	STITX
PJIAX	- 0.45	STITX
MCEMX	- 0.39	STITX
MEFIX	- 0.39	STITX
PJIZX	- 0.29	STITX
STITX	- 0.27	BPGIX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Global 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 Global'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
FSBCX	0.40	0.01	0.02	0.03	0.52	-0.43	0.73	-0.91	3.17
BPGIX	0.67	0.19	0.22	0.29	0.59	-0.74	1.32	-1.26	10.05
STITX	0.63	-0.08	0.00	-0.12	0.00	0.00	0.93	-1.74	3.50
MEFIX	0.89	0.13	0.09	0.14	1.27	-0.95	2.15	-1.45	8.48
MCEMX	0.89	0.13	0.10	0.14	1.27	-0.96	2.13	-1.50	8.58
GCPYX	0.39	0.00	0.00	0.00	0.58	-0.38	0.71	-1.02	2.99
GCPAX	0.39	0.00	0.00	0.00	0.57	-0.38	0.68	-1.07	3.04
PJIZX	0.80	0.25	0.22	0.30	0.77	-0.92	1.57	-1.45	13.55
PJOQX	0.58	0.04	0.04	0.04	0.78	-0.58	1.19	-1.19	3.66
PJIAX	0.56	0.05	0.06	0.06	0.75	-0.58	1.14	-1.19	3.63

Federated Global Competitive Analysis

A strong competitive analysis of Federated Global helps investors assess whether the company's performance reflects genuine competitive advantages. By comparing Federated Global's financials against peers, investors can identify whether Federated Global is gaining or losing market ground.

Better Than Average

Worse Than Peers

View Performance Chart

	FSBKX	FSBCX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX
	0.27 22.08 Federated	0.28 21.43 Federated	0.11 28.28 Boston	0.97 7.16 Ridgeworth	1.57 18.11 Martin	1.62 18.24 Martin	0.81 22.35 Gateway	1.16 22.19 Gateway	1.08 10.05 Prudential	0.55 23.77 Prudential
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Low	Very Low	Very Low	Very Low	Very Low	Low	Very Low
Market Performance (90 Days Performance)	Contained	Mild	Balanced	Weak	Moderate	Moderate	Soft	Weak	Balanced	Contained
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Hold	Strong Buy	Strong Hold	Strong Buy	Strong Buy	Strong Hold	Strong Hold	Strong Buy	Strong Hold
Net Asset	396.82 M	287.85 M	301.58 M	259.06 M	115.29 M	115.29 M	310.76 M	310.76 M	386.41 M	427.86 M
Minimum Initial Investment	N/A	1.5 K	100 K	100 K	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	1.89	1.79	1.71	5.22	1.58	N/A	2.41	2.6	1.32	N/A
Five Year Return	5.45	4.92	13.35	-0.12	0.47	0.85	9.92	9.67	11.73	13.0
One Year Return	17.48	17.02	28.81	-3.56	37.03	37.49	14.34	14.1	41.79	20.81
Last Dividend Paid	0.04	0.02	0.35	N/A	0.03	0.09	0.02	0.01	0.14	0.18
Price To Earning	16.62	14.47	16.01	22.82	13.61	N/A	17.19	18.22	12.03	N/A
Price To Sales	1.17	1.22	1.04	3.34	1.6	N/A	1.66	1.73	0.93	N/A
Cash Position Weight	10.17	6.01	0.78	2.88	0.54	0.27	0.71	0.71	3.02	0.48
Equity Positions Weight	54.32	63.92	99.22	97.12	99.47	99.73	99.29	99.29	95.15	98.17
Three Year Return	11.54	11.98	16.96	1.62	14.03	14.41	14.13	13.86	23.28	20.34
Annual Yield	0.0169	0.0143	0.0168	0.0031	0.003	0.0059	0.0057	0.0034	0.0192	0.0096
Year To Date Return	2.34	3.58	4.29	0.66	5.07	5.16	1.03	0.98	7.2	2.38
Bond Positions Weight	13.84	27.03	N/A	N/A	N/A	N/A	N/A	N/A	0.11	N/A
Ten Year Return	5.68	5.33	N/A	8.61	N/A	N/A	N/A	N/A	4.56	8.69
Day Typical Price	22.08	21.43	28.28	7.16	18.11	18.24	22.35	22.19	10.05	23.77
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	0	9.2 T	9.2 T	9.2 T	0	0	9.2 T
Period Momentum Indicator	0.06	0.06	0.03	-0.07	0.28	0.29	0.18	-0.26	-0.11	0.13
Rate Of Daily Change	1.0	1.0	1.0	0.99	1.02	1.02	1.01	0.99	0.99	1.01
Day Median Price	22.08	21.43	28.28	7.16	18.11	18.24	22.35	22.19	10.05	23.77
Price Action Indicator	0.03	0.03	0.015	-0.04	0.14	0.14	0.09	-0.13	-0.06	0.065
Relative Strength Index	45.76	45.68	49.73	38.92	48.63	48.75	48.89	45.14	50.16	47.61
Coefficient Of Variation	2130.66	2254.99	618.1	-1,121	883.33	882.44	5210.07	5206.11	574.64	1687.0
Mean Deviation	0.4042	0.4038	0.6667	0.6273	0.8868	0.8929	0.3898	0.3857	0.8017	0.5819
Jensen Alpha	0.0151	0.0137	0.1855	-0.08	0.1322	0.1332	5.0E-4	5.0E-4	0.2515	0.0353
Total Risk Alpha	0.0151	0.0137	0.1857	-0.08	0.1324	0.1334	5.0E-4	5.0E-4	0.2518	0.0353
Sortino Ratio	0.027	0.0246	0.2201	N/A	0.0947	0.097	0.001	9.0E-4	0.2185	0.043
Downside Variance	0.3171	0.314	0.7109	N/A	1.95	1.89	0.3855	0.396	1.33	0.6761
Standard Deviation	0.5322	0.5306	1.21	0.8111	1.25	1.26	0.5389	0.5377	1.5	0.7609
Kurtosis	1.22	1.1	24.28	0.1963	5.88	5.82	1.55	1.73	23.61	0.6956
Potential Upside	0.7397	0.7319	1.32	0.9346	2.15	2.13	0.7146	0.6831	1.57	1.19
Treynor Ratio	0.0285	0.0256	0.2938	-0.12	0.1431	0.1426	6.0E-4	6.0E-4	0.2981	0.0443
Maximum Drawdown	3.21	3.17	10.05	3.5	8.48	8.58	2.99	3.04	13.55	3.66
Variance	0.2832	0.2816	1.46	0.6579	1.57	1.59	0.2904	0.2891	2.25	0.579
Market Risk Adjusted Performance	0.0385	0.0356	0.3038	-0.11	0.1531	0.1526	0.0106	0.0106	0.3081	0.0543
Risk Adjusted Performance	0.0318	0.0298	0.1292	-0.07	0.0917	0.0918	0.0105	0.0105	0.1399	0.0458
Skewness	-0.39	-0.36	3.81	-0.77	-1.20	-1.17	-0.37	-0.33	3.44	-0.26
Semi Deviation	0.5302	0.5197	0.5912	N/A	1.27	1.27	0.5799	0.567	0.7668	0.7786
Information Ratio	0.0286	0.026	0.1537	-0.10	0.1054	0.1056	0.0011	0.0011	0.1675	0.0465
Value At Risk	-0.93	-0.91	-1.26	-1.74	-1.45	-1.50	-1.02	-1.07	-1.45	-1.19
Expected Short fall	-0.42	-0.43	-0.74	N/A	-0.95	-0.96	-0.38	-0.38	-0.92	-0.58
Downside Deviation	0.5631	0.5604	0.8431	N/A	1.4	1.37	0.6209	0.6293	1.15	0.8223
Semi Variance	0.2811	0.2701	0.3495	N/A	1.61	1.61	0.3362	0.3214	0.588	0.6062

Federated Global Peer Performance Charts

How to Analyze Federated Global Against Peers

Federated Global's peer analysis compares Federated Global with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Federated Global trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Federated Global leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

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Federated Global Competition

Correlation: Federated Global vs Prudential Jennison Summary

Almost no diversification

Moving together with Federated Mutual Fund

Moving against Federated Mutual Fund

Specify up to 10 symbols:

Federated Global Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Federated Global Competitive Analysis

Federated Global Peer Performance Charts

How to Analyze Federated Global Against Peers

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