Federated Global Correlations

Mutual Funds . USA . 
Fund . Federated Global Allocation
FSBKX Fund  USD 21.84  0.05  0.23%   
The current 90-days correlation between Federated Global All and Federated Total Return is 0.04 (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

Very good diversification

The correlation between Federated Global Allocation and DJI is -0.25 (i.e., Very good 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 board of governors.

Moving together with Federated Mutual Fund

  0.86EMDIX Federated Emerging MarketPairCorr
  0.86QKACX Federated Mdt AllPairCorr
  0.99QKBGX Federated Mdt BalancedPairCorr
  0.88SBFIX Federated Global AllPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.69STFSX Federated StrategicPairCorr
  0.86STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.95STISX Federated StrategicPairCorr
  0.83FRSAX Federated Floating RatePairCorr
  0.88FSBCX Federated Global AllPairCorr
  0.79QLSGX Federated Mdt SmallPairCorr
  0.77QLSCX Federated Mdt SmallPairCorr
  0.88FSGVX Federated U SPairCorr
  0.88FSGIX Federated Gov SecPairCorr
  0.81INISX Federated IntermediatePairCorr
  0.83FSTIX Federated Short TermPairCorr
  0.83FSTKX Federated Mdt LargePairCorr
  0.95FSTLX Federated Mdt LargePairCorr
  0.81FSTRX Federated Mdt LargePairCorr
  0.69FSTYX Federated Short TermPairCorr
  0.87FSTBX Federated Global AllPairCorr
  0.71PIEFX Pnc Emerging MarketsPairCorr
  0.68SVALX Federated Strategic ValuePairCorr
  0.7FTIAX Federated Short TermPairCorr
  0.74FTGSX Federated Total ReturnPairCorr
  0.67SVAAX Federated Strategic ValuePairCorr
  0.79SVAIX Federated Strategic ValuePairCorr
  0.76SVACX Federated Strategic ValuePairCorr
  0.75PIUCX Pnc International EquityPairCorr
  0.73PIUIX Pnc International EquityPairCorr
  0.81RRFAX Federated Real ReturnPairCorr
  0.68RRFCX Federated Real ReturnPairCorr
  0.7RRFIX Federated Real ReturnPairCorr
  0.76FTRBX Federated Total ReturnPairCorr
  0.85FTRFX Federated Total ReturnPairCorr
  0.83FTRGX Federated Total ReturnPairCorr
  0.84FTRLX Federated Total ReturnPairCorr

Related Correlations Analysis


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.

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