Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBAX Fund  USD 8.34  0.01  0.12%   
The current 90-days correlation between Federated Bond and Goldman Sachs Short is 0.42 (i.e., Very weak 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

Average diversification

The correlation between Federated Bond Fund and DJI is 0.18 (i.e., Average 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

  0.93EMDIX Federated Emerging MarketPairCorr
  0.8FRIEX Federated Hermes EmergingPairCorr
  0.95STFSX Federated StrategicPairCorr
  0.95STIAX Federated StrategicPairCorr
  0.95STILX Federated StrategicPairCorr
  0.95STISX Federated StrategicPairCorr
  0.88FSGVX Federated U SPairCorr
  0.91FSHIX Federated Short-intermediaPairCorr
  0.87FSGIX Federated Gov SecPairCorr
  0.98INISX Federated IntermediatePairCorr
  0.92FSHSX Federated Short-intermediaPairCorr
  0.9FSILX Federated Short TermPairCorr
  0.89FSTIX Federated Short TermPairCorr
  0.9FSTYX Federated Short TermPairCorr
  0.8PIEFX Pnc Emerging MarketsPairCorr
  0.79PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.88FTIAX Federated Short TermPairCorr
  0.97FTGLX Federated Total ReturnPairCorr
  0.97FTGSX Federated Total ReturnPairCorr
  0.9SVAAX Federated Strategic ValuePairCorr
  0.9SVAIX Federated Strategic ValuePairCorr
  0.9SVACX Federated Strategic ValuePairCorr
  0.96RRFAX Federated Real ReturnPairCorr
  0.96RRFCX Federated Real ReturnPairCorr
  0.98FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.63QLSGX Federated Mdt SmallPairCorr
  0.44VSFCX Federated Clover SmallPairCorr
  0.43VSFAX Federated Clover SmallPairCorr
  0.43VSFIX Federated Clover SmallPairCorr

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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