Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBLX Fund  USD 8.37  0.02  0.24%   
The current 90-days correlation between Federated Bond and Pace International Emerging is 0.03 (i.e., Significant 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 0.37 (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 bureau of economic analysis.

Moving together with Federated Mutual Fund

  0.91EMDIX Federated Emerging MarketPairCorr
  0.84QKACX Federated Mdt AllPairCorr
  0.85QKBGX Federated Mdt BalancedPairCorr
  0.88SBFIX Federated Global AllPairCorr
  0.83FRIEX Federated Hermes EmergingPairCorr
  0.92STFSX Federated StrategicPairCorr
  0.93STIAX Federated StrategicPairCorr
  0.94STILX Federated StrategicPairCorr
  0.93STISX Federated StrategicPairCorr
  0.85FRSAX Federated Floating RatePairCorr
  0.88FSBCX Federated Global AllPairCorr
  0.89FSBKX Federated Global AllPairCorr
  0.88FSBLX Federated Global AllPairCorr
  0.83QLSGX Federated Mdt SmallPairCorr
  0.84QLSCX Federated Mdt SmallPairCorr
  0.9FSGVX Federated U SPairCorr
  0.91FSHIX Federated Short-intermediaPairCorr
  0.87FSGIX Federated Gov SecPairCorr
  0.99INISX Federated IntermediatePairCorr
  0.88FSHSX Federated Short IntePairCorr
  0.93FSILX Federated Short TermPairCorr
  0.96FSTIX Federated Short TermPairCorr
  0.83FSTKX Federated Mdt LargePairCorr
  0.85FSTLX Federated Mdt LargePairCorr
  0.83FSTRX Federated Mdt LargePairCorr
  0.96FSTYX Federated Short TermPairCorr
  0.85FSTBX Federated Global AllPairCorr
  0.83PIEFX Pnc Emerging MarketsPairCorr
  0.78PIGDX Pnc International GrowthPairCorr
  0.86SVALX Federated Strategic ValuePairCorr
  0.96FTIAX Federated Short TermPairCorr
  0.78FTGLX Federated Total ReturnPairCorr
  0.76FTGSX Federated Total ReturnPairCorr
  0.86SVAAX Federated Strategic ValuePairCorr
  0.82SVAIX Federated Strategic ValuePairCorr
  0.79SVACX Federated Strategic ValuePairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.82PIUIX Pnc International EquityPairCorr
  0.78RRFAX Federated Real ReturnPairCorr
  0.69RRFCX 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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