Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBIX Fund  USD 8.35  0.02  0.24%   
The current 90-days correlation between Federated Bond and Franklin Real Estate is 0.6 (i.e., Poor 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 -0.08 (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 gross domestic product.

Moving together with FEDERATED Mutual Fund

  0.81EMDIX Federated Emerging MarketPairCorr
  0.84STFSX Federated StrategicPairCorr
  0.85STIAX Federated StrategicPairCorr
  0.85STILX Federated StrategicPairCorr
  0.85STISX Federated StrategicPairCorr
  0.91FSGVX Federated U SPairCorr
  0.99INISX Federated IntermediatePairCorr
  0.64FSILX Federated Short TermPairCorr
  0.74FSTIX Federated Short TermPairCorr
  0.64FSTYX Federated Short TermPairCorr
  0.73FTIAX Federated Short TermPairCorr
  0.96FTIBX Federated Global TotalPairCorr
  0.96FTIIX Federated Global TotalPairCorr
  0.98FTGLX Federated Total ReturnPairCorr
  0.98FTGSX Federated Total ReturnPairCorr
  0.98RRFAX Federated Real ReturnPairCorr
  0.98RRFCX Federated Real ReturnPairCorr
  0.98RRFIX Federated Real ReturnPairCorr

Moving against FEDERATED Mutual Fund

  0.72FRSAX Federated Floating RatePairCorr
  0.69QKACX Federated Mdt AllPairCorr
  0.64FSTKX Federated Mdt LargePairCorr
  0.64FSTLX Federated Mdt LargePairCorr
  0.64FSTRX Federated Mdt LargePairCorr
  0.55QKBGX Federated Mdt BalancedPairCorr
  0.55QLSGX Federated Mdt SmallPairCorr
  0.55QLSCX Federated Mdt SmallPairCorr
  0.45FDERX Federated Equity IncomePairCorr
  0.44FULIX Federated Ultrashort BondPairCorr
  0.43FULLX Federated Hermes UltPairCorr
  0.42FULAX Federated Ultrashort BondPairCorr
  0.41FULBX Federated Ultrashort BondPairCorr
  0.34SVAAX Federated Strategic ValuePairCorr
  0.32SVAIX Federated Strategic ValuePairCorr
  0.32SVACX Federated Strategic ValuePairCorr

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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