Federated International Correlations

Mutual Funds . USA . 
Fund . Federated International Leaders
FGFRX Fund  USD 38.85  0.27  0.70%   
The current 90-days correlation between Federated International and Federated Global Allocation is 0.1 (i.e., Average 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 0.42 (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

  0.85EMDIX Federated Emerging MarketPairCorr
  0.83SBFIX Federated Global AllPairCorr
  0.81FRIEX Federated Hermes EmergingPairCorr
  0.81STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.89STILX Federated StrategicPairCorr
  0.89STISX Federated StrategicPairCorr
  0.62FRSAX Federated Floating RatePairCorr
  0.86FSBCX Federated Global AllPairCorr
  0.81FSBKX Federated Global AllPairCorr
  0.88FSBLX Federated Global AllPairCorr
  0.76FSGVX Federated U SPairCorr
  0.77FSHIX Federated Short-intermediaPairCorr
  0.79FSGIX Federated Gov SecPairCorr
  0.73INISX Federated IntermediatePairCorr
  0.77FSHSX Federated Short IntePairCorr
  0.73FSILX Federated Short TermPairCorr
  0.75FSTIX Federated Short TermPairCorr
  0.77FSTYX Federated Short TermPairCorr
  0.82FSTBX Federated Global AllPairCorr
  0.72PIEFX Pnc Emerging MarketsPairCorr
  0.87PIGDX Pnc International GrowthPairCorr
  0.9SVALX Federated Strategic ValuePairCorr
  0.77FTIAX Federated Short TermPairCorr
  0.68FTGLX Federated Total ReturnPairCorr
  0.89SVAAX Federated Strategic ValuePairCorr
  0.86SVAIX Federated Strategic ValuePairCorr
  0.86SVACX Federated Strategic ValuePairCorr
  0.82RRFAX Federated Real ReturnPairCorr
  0.85RRFCX 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 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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