Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBLX Fund  USD 8.47  0.04  0.47%   
The current 90-days correlation between Federated Bond and Versatile Bond Portfolio is 0.72 (i.e., Poor diversification). The correlation of Federated Bond 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 Bond Correlation With Market

Weak diversification

The correlation between Federated Bond Fund and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Bond Fund. 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 industry.

Moving together with Federated Mutual Fund

  0.96EMDIX Federated Emerging MarketPairCorr
  0.91QKACX Federated Mdt AllPairCorr
  0.93QKBGX Federated Mdt BalancedPairCorr
  0.94SBFIX Federated Global AllPairCorr
  0.86FRIEX Federated Hermes EmergingPairCorr
  0.99STFSX Federated StrategicPairCorr
  0.99STIAX Federated StrategicPairCorr
  0.99STILX Federated StrategicPairCorr
  0.99STISX Federated StrategicPairCorr
  0.92FRSAX Federated Floating RatePairCorr
  0.94FSBCX Federated Global AllPairCorr
  0.94FSBKX Federated Global AllPairCorr
  0.94FSBLX Federated Global AllPairCorr
  0.9QLSGX Federated Mdt SmallPairCorr
  0.87QLSCX Federated Mdt SmallPairCorr
  0.97FSGVX Federated U SPairCorr
  0.96FSHIX Federated Short-intermediaPairCorr
  0.97FSGIX Federated Gov SecPairCorr
  0.99INISX Federated IntermediatePairCorr
  0.97FSHSX Federated Short-intermediaPairCorr
  0.97FSILX Federated Short TermPairCorr
  0.98FSTIX Federated Short TermPairCorr
  0.85FSTKX Federated Mdt LargePairCorr
  0.85FSTLX Federated Mdt LargePairCorr
  0.85FSTRX Federated Mdt LargePairCorr
  0.97FSTYX Federated Short TermPairCorr
  0.93FSTBX Federated Global AllPairCorr
  0.86PIEFX Pnc Emerging MarketsPairCorr
  0.73PIGDX Pnc International GrowthPairCorr
  0.85SVALX Federated Strategic ValuePairCorr
  0.97FTIAX Federated Short TermPairCorr
  0.98FTGLX Federated Total ReturnPairCorr
  0.97FTGSX Federated Total ReturnPairCorr
  0.84SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.84SVACX Federated Strategic ValuePairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.82PIUIX Pnc International EquityPairCorr
  0.97RRFAX Federated Real ReturnPairCorr
  0.96RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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