Federated Global Correlations

FSBCX Fund

USD 22.43 0.04 0.18%

The current 90-days correlation between Federated Global All and Federated Global Allocation is 1.0 (i.e., No risk reduction). The correlation of Federated Global 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 Global Correlation With Market

Average diversification

The correlation between Federated Global Allocation 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 Global Allocation 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 Global Allocation. 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 services.

Moving together with Federated Mutual Fund

0.67	EMDIX	Federated Emerging Market	Pair Corr
0.75	SBFIX	Federated Global All	Pair Corr
0.82	STFSX	Federated Strategic	Pair Corr
0.83	STIAX	Federated Strategic	Pair Corr
0.67	STILX	Federated Strategic	Pair Corr
0.82	STISX	Federated Strategic	Pair Corr
0.75	FRSAX	Federated Floating Rate	Pair Corr
1.0	FSBKX	Federated Global All	Pair Corr
1.0	FSBLX	Federated Global All	Pair Corr
0.81	QLSGX	Federated Mdt Small	Pair Corr
0.67	QLSCX	Federated Mdt Small	Pair Corr
0.63	INISX	Federated Intermediate	Pair Corr
0.66	FSHSX	Federated Short Inte	Pair Corr
0.7	FSILX	Federated Short Term	Pair Corr
0.71	FSTKX	Federated Mdt Large	Pair Corr
0.67	FSTLX	Federated Mdt Large	Pair Corr
0.75	FSTBX	Federated Global All	Pair Corr
0.61	SVALX	Federated Strategic Value	Pair Corr
0.61	SVAAX	Federated Strategic Value	Pair Corr
0.74	SVAIX	Federated Strategic Value	Pair Corr

Moving against Federated Mutual Fund

0.34	QKBGX	Federated Mdt Balanced	Pair Corr
0.5	PIGDX	Pnc International Growth	Pair Corr
0.43	PIUCX	Pnc International Equity	Pair Corr
0.43	PIUIX	Pnc International Equity	Pair Corr
0.33	RRFCX	Federated Real Return	Pair Corr

Related Correlations Analysis

	FSBKX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX
FSBKX		-0.1	0.17	0.38	0.34	0.72	0.72	0.04	-0.1	-0.13	FSBKX
BPGIX	-0.1		0.13	0.21	0.28	0.01	0.0	0.49	0.88	0.87	BPGIX
STITX	0.17	0.13		0.45	0.44	0.15	0.16	0.01	0.15	0.14	STITX
MEFIX	0.38	0.21	0.45		1.0	0.67	0.67	0.34	0.29	0.28	MEFIX
MCEMX	0.34	0.28	0.44	1.0		0.63	0.63	0.38	0.36	0.35	MCEMX
GCPYX	0.72	0.01	0.15	0.67	0.63		1.0	0.28	0.0	-0.04	GCPYX
GCPAX	0.72	0.0	0.16	0.67	0.63	1.0		0.28	-0.01	-0.04	GCPAX
PJIZX	0.04	0.49	0.01	0.34	0.38	0.28	0.28		0.43	0.42	PJIZX
PJOQX	-0.1	0.88	0.15	0.29	0.36	0.0	-0.01	0.43		1.0	PJOQX
PJIAX	-0.13	0.87	0.14	0.28	0.35	-0.04	-0.04	0.42	1.0		PJIAX
	FSBKX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX

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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

MCEMX	+ 1.0	MEFIX
GCPAX	+ 1.0	GCPYX
PJIAX	+ 1.0	PJOQX
PJOQX	+ 0.88	BPGIX
PJIAX	+ 0.87	BPGIX
GCPYX	+ 0.72	FSBKX

High negative correlations

PJIAX	- 0.13	FSBKX
PJOQX	- 0.1	FSBKX
BPGIX	- 0.1	FSBKX
PJIAX	- 0.04	GCPAX
PJIAX	- 0.04	GCPYX
PJOQX	- 0.01	GCPAX

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
FSBKX	0.38	0.04	(0.05)	0.52	0.49	(0.37)	0.81	(0.88)	2.12
BPGIX	0.69	(0.11)	0.00	(0.04)	0.00	0.00	1.13	(1.32)	12.10
STITX	0.54	(0.04)	(0.07)	0.02	0.75	(0.53)	0.94	(1.06)	2.89
MEFIX	0.79	0.04	0.02	0.12	0.95	(0.90)	1.47	(1.19)	5.11
MCEMX	0.81	0.03	0.02	0.11	0.99	(0.91)	1.52	(1.52)	5.24
GCPYX	0.39	0.02	(0.01)	0.11	0.54	(0.38)	0.80	(0.90)	2.48
GCPAX	0.39	0.02	(0.01)	0.11	0.52	(0.39)	0.80	(0.90)	2.48
PJIZX	0.71	(0.09)	0.00	(0.05)	0.00	0.00	1.11	(1.30)	10.20
PJOQX	0.70	(0.08)	0.00	(0.07)	0.00	0.00	1.17	(1.20)	9.00
PJIAX	0.70	(0.09)	0.00	(0.07)	0.00	0.00	1.13	(1.20)	9.29

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