Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBAX Fund  USD 8.36  0.02  0.24%   
The current 90-days correlation between Federated Bond and L Mason Qs is 0.05 (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

Good diversification

The correlation between Federated Bond Fund and DJI is -0.01 (i.e., Good 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 nation.

Moving together with Federated Mutual Fund

  0.72EMDIX Federated Emerging MarketPairCorr
  0.82QKACX Federated Mdt AllPairCorr
  0.82QKBGX Federated Mdt BalancedPairCorr
  0.83SBFIX Federated Global AllPairCorr
  0.62FRIEX Federated Hermes EmergingPairCorr
  0.85STFSX Federated StrategicPairCorr
  0.82STIAX Federated StrategicPairCorr
  0.75STILX Federated StrategicPairCorr
  0.75STISX Federated StrategicPairCorr
  0.78FSBCX Federated Global AllPairCorr
  0.84FSBKX Federated Global AllPairCorr
  0.76FSBLX Federated Global AllPairCorr
  0.66QLSCX Federated Mdt SmallPairCorr
  0.8FSHIX Federated Short-intermediaPairCorr
  0.94INISX Federated IntermediatePairCorr
  0.85FSHSX Federated Short IntePairCorr
  0.74FSTKX Federated Mdt LargePairCorr
  0.79FSTLX Federated Mdt LargePairCorr
  0.79FSTRX Federated Mdt LargePairCorr
  0.84FSTBX Federated Global AllPairCorr
  0.67PIGDX Pnc International GrowthPairCorr
  0.92FTGLX Federated Total ReturnPairCorr
  0.97FTGSX Federated Total ReturnPairCorr
  0.67SVAAX Federated Strategic ValuePairCorr
  0.77SVAIX Federated Strategic ValuePairCorr
  0.78SVACX Federated Strategic ValuePairCorr
  0.83PIUCX Pnc International EquityPairCorr
  0.81PIUIX Pnc International EquityPairCorr
  0.87RRFAX Federated Real ReturnPairCorr
  0.8RRFCX 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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