Federated Global Correlations

FSBKX Fund

USD 22.82 0.04 0.18%

The current 90-days correlation between Federated Global All and Federated Global Allocation is -0.14 (i.e., Good 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 poor diversification

The correlation between Federated Global Allocation and DJI is 0.8 (i.e., Very poor 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

0.77	EMDIX	Federated Emerging Market	Pair Corr
0.7	QKACX	Federated Mdt All	Pair Corr
0.96	QKBGX	Federated Mdt Balanced	Pair Corr
1.0	SBFIX	Federated Global All	Pair Corr
0.72	FRIEX	Federated Hermes Emerging	Pair Corr
0.74	STFSX	Federated Strategic	Pair Corr
0.88	STIAX	Federated Strategic	Pair Corr
0.93	STILX	Federated Strategic	Pair Corr
0.91	STISX	Federated Strategic	Pair Corr
0.8	FRSAX	Federated Floating Rate	Pair Corr
0.87	FSBCX	Federated Global All	Pair Corr
0.7	QLSGX	Federated Mdt Small	Pair Corr
0.83	QLSCX	Federated Mdt Small	Pair Corr
0.61	FSGVX	Federated U S	Pair Corr
0.71	FSHIX	Federated Short-intermedia	Pair Corr
0.62	INISX	Federated Intermediate	Pair Corr
0.63	FSHSX	Federated Short-intermedia	Pair Corr
0.64	FSILX	Federated Short Term	Pair Corr
0.62	FSTIX	Federated Short Term	Pair Corr
0.68	FSTKX	Federated Mdt Large	Pair Corr
0.67	FSTLX	Federated Mdt Large	Pair Corr
0.67	FSTRX	Federated Mdt Large	Pair Corr
0.63	FSTYX	Federated Short Term	Pair Corr
0.76	PIEFX	Pnc Emerging Markets	Pair Corr
0.72	PIGDX	Pnc International Growth	Pair Corr
0.62	FTIAX	Federated Short Term	Pair Corr
0.65	FTGLX	Federated Total Return	Pair Corr
0.67	FTGSX	Federated Total Return	Pair Corr
0.79	PIUCX	Pnc International Equity	Pair Corr
0.8	PIUIX	Pnc International Equity	Pair Corr
0.61	RRFIX	Federated Real Return	Pair Corr
0.69	FTRBX	Federated Total Return	Pair Corr

Related Correlations Analysis

	FSBCX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX
FSBCX		0.76	0.51	0.87	0.87	0.87	0.98	0.86	0.86	0.97	FSBCX
BPGIX	0.76		0.62	0.69	0.69	0.71	0.76	0.76	0.75	0.77	BPGIX
STITX	0.51	0.62		0.65	0.65	0.62	0.48	0.68	0.67	0.52	STITX
MEFIX	0.87	0.69	0.65		1.0	0.97	0.88	0.97	0.96	0.88	MEFIX
MCEMX	0.87	0.69	0.65	1.0		0.97	0.88	0.97	0.96	0.88	MCEMX
GCPYX	0.87	0.71	0.62	0.97	0.97		0.89	0.97	0.98	0.87	GCPYX
GCPAX	0.98	0.76	0.48	0.88	0.88	0.89		0.85	0.87	0.98	GCPAX
PJIZX	0.86	0.76	0.68	0.97	0.97	0.97	0.85		0.97	0.85	PJIZX
PJOQX	0.86	0.75	0.67	0.96	0.96	0.98	0.87	0.97		0.88	PJOQX
PJIAX	0.97	0.77	0.52	0.88	0.88	0.87	0.98	0.85	0.88		PJIAX
	FSBCX	BPGIX	STITX	MEFIX	MCEMX	GCPYX	GCPAX	PJIZX	PJOQX	PJIAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSBCX	0.33	0.07	(0.10)	(1.27)	0.34	(0.34)	0.83	(0.50)	2.81
BPGIX	0.46	(0.03)	(0.09)	0.07	0.57	(0.47)	1.01	(0.84)	3.72
STITX	0.48	(0.05)	(0.12)	0.04	0.64	(0.49)	0.92	(1.04)	3.43
MEFIX	0.74	0.13	0.09	0.28	0.78	(0.83)	1.47	(0.90)	5.23
MCEMX	0.74	0.13	0.09	0.28	0.78	(0.83)	1.52	(0.95)	5.25
GCPYX	0.31	0.01	(0.08)	0.13	0.35	(0.33)	0.79	(0.47)	2.92
GCPAX	0.32	0.08	(0.08)	(1.09)	0.35	(0.34)	0.79	(0.47)	2.97
PJIZX	0.51	0.04	0.00	0.17	0.53	(0.55)	1.02	(0.73)	3.66
PJOQX	0.46	0.00	(0.02)	0.12	0.51	(0.50)	1.02	(0.60)	4.01
PJIAX	0.46	0.11	(0.03)	(0.76)	0.51	(0.49)	1.00	(0.60)	4.04

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Federated Global Correlations

Federated Global Correlation With Market

Very poor diversification

Moving together with Federated Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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