Federated International Correlations

Mutual Funds . USA . 
Fund . Federated International Leaders
FGFRX Fund  USD 39.08  0.34  0.86%   
The current 90-days correlation between Federated International and Federated Global Allocation is 0.74 (i.e., Poor diversification). The correlation of Federated International 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 International Correlation With Market

Very weak diversification

The correlation between Federated International Leader and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated International Leader 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 International Leaders. 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 metropolitan statistical area.

Moving together with Federated Mutual Fund

  0.78EMDIX Federated Emerging MarketPairCorr
  0.8FRIEX Federated Hermes EmergingPairCorr
  0.7STFSX Federated StrategicPairCorr
  0.7STIAX Federated StrategicPairCorr
  0.7STILX Federated StrategicPairCorr
  0.7STISX Federated StrategicPairCorr
  0.68FSGVX Federated U SPairCorr
  0.61FSHIX Federated Short-intermediaPairCorr
  0.67FSGIX Federated Gov SecPairCorr
  0.76INISX Federated IntermediatePairCorr
  0.61FSHSX Federated Short-intermediaPairCorr
  0.7FSILX Federated Short TermPairCorr
  0.67FSTIX Federated Short TermPairCorr
  0.7FSTYX Federated Short TermPairCorr
  0.82PIEFX Pnc Emerging MarketsPairCorr
  0.73PIGDX Pnc International GrowthPairCorr
  0.84SVALX Federated Strategic ValuePairCorr
  0.66FTIAX Federated Short TermPairCorr
  0.76FTGLX Federated Total ReturnPairCorr
  0.76FTGSX Federated Total ReturnPairCorr
  0.73SVAAX Federated Strategic ValuePairCorr
  0.73SVAIX Federated Strategic ValuePairCorr
  0.72SVACX Federated Strategic ValuePairCorr
  0.81PIUCX Pnc International EquityPairCorr
  0.81PIUIX Pnc International EquityPairCorr
  0.74RRFAX Federated Real ReturnPairCorr
  0.74RRFCX Federated Real ReturnPairCorr

Moving against Federated Mutual Fund

  0.62QLSGX Federated Mdt SmallPairCorr
  0.61QLSCX Federated Mdt SmallPairCorr
  0.31QKACX Federated Mdt AllPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated International 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 International'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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