Federated Global Correlations

Mutual Funds . USA . 
Fund . Federated Global Allocation
FSBKX Fund  USD 20.74  0.05  0.24%   
The current 90-days correlation between Federated Global All and Federated Total Return is 0.06 (i.e., Significant diversification). 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

Almost no diversification

The correlation between Federated Global Allocation and DJI is 0.95 (i.e., Almost no 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 industry.

Moving together with Federated Mutual Fund

  0.94EMDIX Federated Emerging MarketPairCorr
  0.99QKACX Federated Mdt AllPairCorr
  1.0QKBGX Federated Mdt BalancedPairCorr
  1.0SBFIX Federated Global AllPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.74STFSX Federated StrategicPairCorr
  0.84STIAX Federated StrategicPairCorr
  0.85STILX Federated StrategicPairCorr
  0.85STISX Federated StrategicPairCorr
  0.95FRSAX Federated Floating RatePairCorr
  1.0FSBCX Federated Global AllPairCorr
  1.0FSBLX Federated Global AllPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.95QLSCX Federated Mdt SmallPairCorr
  0.7FSHIX Federated Short-intermediaPairCorr
  0.72INISX Federated IntermediatePairCorr
  0.7FSHSX Federated Short-intermediaPairCorr
  0.68FSILX Federated Short TermPairCorr
  0.69FSTIX Federated Short TermPairCorr
  0.98FSTKX Federated Mdt LargePairCorr
  0.98FSTLX Federated Mdt LargePairCorr
  0.98FSTRX Federated Mdt LargePairCorr
  0.71FSTYX Federated Short TermPairCorr
  0.96FSTBX Federated Global AllPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.98PIGDX Pnc International GrowthPairCorr
  0.74SVALX Federated Strategic ValuePairCorr
  0.69FTIAX Federated Short TermPairCorr
  0.65SVAAX Federated Strategic ValuePairCorr
  0.74SVAIX Federated Strategic ValuePairCorr
  0.71SVACX Federated Strategic ValuePairCorr
  0.96PIUCX Pnc International EquityPairCorr
  0.99PIUIX Pnc International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
QKACX
+ 1.0
FMXKX
QKACX
+ 0.98
FKKSX
FKKSX
+ 0.97
FMXKX
FIGKX
+ 0.75
FTRKX
FMXKX
+ 0.0
FTRKX
  
High negative correlations   
FIGKX
- 0.29
FMXKX
QKACX
- 0.26
FIGKX
FIGKX
- 0.18
FKKSX
FKKSX
- 0.02
FTRKX
QKACX
- 0.01
FTRKX
FMXKX
- 0.0
FTRKX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY