Correlation Between First American and FEDERATED GLOBAL
How much single-name risk can be diversified by combining First American Investment and Federated Global Allocation? Use this page to interpret how First American Investment and Federated Global Allocation interact and how much diversifiable risk remains.
This lookup quantifies co-movement between First American Investment and Federated Global Allocation so position sizing can be more disciplined. You can also test a long First American and short FEDERATED GLOBAL structure to evaluate relative-value behavior. Review volatility patterns in First American and FEDERATED GLOBAL. Go to your portfolio center
Diversification Opportunities for First American and FEDERATED GLOBAL
0.75 | Correlation Coefficient |
Poor diversification
The 3 months correlation between First and FEDERATED is 0.75. Overlapping area represents the amount of risk that can be diversified away by holding First American Investment and Federated Global Allocation in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Federated Global and First American is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on First American Investment are associated (or correlated) with FEDERATED GLOBAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Federated Global has no effect on the direction of First American i.e., First American and FEDERATED GLOBAL go up and down completely randomly.
Pair Corralation between First American and FEDERATED GLOBAL
Assuming a 90-day horizon First American Investment is expected to under-perform the FEDERATED GLOBAL. In addition to that, First American is 1.76 times more volatile than Federated Global Allocation. It trades about -0.04 of its total potential returns per unit of risk. Federated Global Allocation is currently generating about 0.02 per unit of volatility. If you had invested $ 2,206 in Federated Global Allocation on December 16, 2025 and sold it today you would have earned a total of $ 12.00 from holding Federated Global Allocation or generated 0.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
First American Investment vs. Federated Global Allocation
Performance |
| Timeline |
| First American Investment |
Risk-Adjusted Performance
Weak
Weak | Strong |
| Federated Global |
Risk-Adjusted Performance
Soft
Weak | Strong |
First American and FEDERATED GLOBAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First American and FEDERATED GLOBAL
A paired position in First American and FEDERATED GLOBAL is useful when investors want a more relative-value expression than a simple directional trade. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| First American vs. Nuveen Small Cap | First American vs. Sa International Small | First American vs. Nuveen Nwq Small Cap | First American vs. Nuveen Core Equity |
| FEDERATED GLOBAL vs. Aberdeen Global Dynamic | FEDERATED GLOBAL vs. Barings Global Short | FEDERATED GLOBAL vs. Timothy Plan Large | FEDERATED GLOBAL vs. First American Investment |
Go to your portfolio centerThe analysis presented here should support, not replace, the broader process of selecting and combining portfolio holdings. The practical goal is to improve the mix of assets already under consideration. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Complementary Tools
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |