Federated Global Correlations

Mutual Funds . USA . 
Fund . Federated Global Allocation
SBFIX Fund  USD 21.08  0.05  0.24%   
The current 90-days correlation between Federated Global All and Federated Kaufmann Large is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Federated Global Allocation and DJI is 0.95 (i.e., Almost no 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 World Market Map 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 gross domestic product.

Moving together with Federated Mutual Fund

  0.94EMDIX Federated Emerging MarketPairCorr
  0.99QKACX Federated Mdt AllPairCorr
  0.99QKBGX Federated Mdt BalancedPairCorr
  0.97FRIEX Federated Hermes EmergingPairCorr
  0.83STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.85STISX Federated StrategicPairCorr
  0.98QLSGX Federated Mdt SmallPairCorr
  0.95QLSCX Federated Mdt SmallPairCorr
  0.7FSHIX Federated Short-intermediaPairCorr
  0.72INISX Federated IntermediatePairCorr
  0.69FSHSX Federated Short-intermediaPairCorr
  0.69FSTIX Federated Short TermPairCorr
  0.97FSTKX Federated Mdt LargePairCorr
  0.97FSTLX Federated Mdt LargePairCorr
  0.97FSTRX Federated Mdt LargePairCorr
  0.71FSTYX Federated Short TermPairCorr
  1.0FSTBX Federated Global AllPairCorr
  0.97PIEFX Pnc Emerging MarketsPairCorr
  0.98PIGDX Pnc International GrowthPairCorr
  0.69FTIAX Federated Short TermPairCorr
  0.64SVAAX Federated Strategic ValuePairCorr
  0.73SVAIX Federated Strategic ValuePairCorr
  0.71SVACX Federated Strategic ValuePairCorr
  0.99PIUCX Pnc International EquityPairCorr
  0.99PIUIX Pnc International EquityPairCorr
  0.62FCSPX Federated Porate BondPairCorr
  0.7FULAX Federated Ultrashort BondPairCorr
  0.71FULBX Federated Ultrashort BondPairCorr
  0.76FULLX Federated Hermes UltPairCorr
  0.72FDBLX Federated BondPairCorr
  0.68FDBAX Federated BondPairCorr

Moving against Federated Mutual Fund

  0.98BEARX Federated Prudent BearPairCorr

Related Correlations Analysis

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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.

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