Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBCX Fund  USD 8.42  0.01  0.12%   
The current 90-days correlation between Federated Bond and Calvert Conservative Allocation 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 0.38 (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 main economic indicators.

Moving together with Federated Mutual Fund

  0.91EMDIX Federated Emerging MarketPairCorr
  0.83QKACX Federated Mdt AllPairCorr
  0.85QKBGX Federated Mdt BalancedPairCorr
  0.88SBFIX Federated Global AllPairCorr
  0.82FRIEX Federated Hermes EmergingPairCorr
  0.97STFSX Federated StrategicPairCorr
  0.97STIAX Federated StrategicPairCorr
  0.96STILX Federated StrategicPairCorr
  0.96STISX Federated StrategicPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.88FSBCX Federated Global AllPairCorr
  0.88FSBKX Federated Global AllPairCorr
  0.88FSBLX Federated Global AllPairCorr
  0.84QLSGX Federated Mdt SmallPairCorr
  0.83QLSCX Federated Mdt SmallPairCorr
  0.89FSGVX Federated U SPairCorr
  0.9FSHIX Federated Short-intermediaPairCorr
  0.86FSGIX Federated Gov SecPairCorr
  0.98INISX Federated IntermediatePairCorr
  0.9FSHSX Federated Short IntePairCorr
  0.95FSILX Federated Short TermPairCorr
  0.95FSTIX Federated Short TermPairCorr
  0.83FSTKX Federated Mdt LargePairCorr
  0.84FSTLX Federated Mdt LargePairCorr
  0.83FSTRX Federated Mdt LargePairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.86FSTBX Federated Global AllPairCorr
  0.82PIEFX Pnc Emerging MarketsPairCorr
  0.79PIGDX Pnc International GrowthPairCorr
  0.85SVALX Federated Strategic ValuePairCorr
  0.95FTIAX Federated Short TermPairCorr
  0.79FTGLX Federated Total ReturnPairCorr
  0.77FTGSX Federated Total ReturnPairCorr
  0.85SVAAX Federated Strategic ValuePairCorr
  0.84SVAIX Federated Strategic ValuePairCorr
  0.85SVACX Federated Strategic ValuePairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.82PIUIX Pnc International EquityPairCorr
  0.79RRFAX Federated Real ReturnPairCorr
  0.74RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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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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