Federated Global Correlations

Mutual Funds . USA . 
Fund . Federated Global Allocation
FSBCX Fund  USD 20.00  0.01  0.05%   
The current 90-days correlation between Federated Global All and Federated Max Cap Index is 0.89 (i.e., Very poor diversification). The correlation of Federated Global 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 Global Correlation With Market

Very poor diversification

The correlation between Federated Global Allocation and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Global Allocation 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 Global Allocation. 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 main economic indicators.

Moving together with FEDERATED Mutual Fund

  0.7QKACX Federated Mdt AllPairCorr
  0.81QKBGX Federated Mdt BalancedPairCorr
  1.0SBFIX Federated Global AllPairCorr
  0.75QLSCX Federated Mdt SmallPairCorr
  0.72FSTKX Federated Mdt LargePairCorr
  0.72FSTLX Federated Mdt LargePairCorr
  0.72FSTRX Federated Mdt LargePairCorr
  1.0FSTBX Federated Global AllPairCorr
  0.62PIEFX Pnc Emerging MarketsPairCorr
  0.7SVAAX Federated Strategic ValuePairCorr
  0.71SVAIX Federated Strategic ValuePairCorr
  0.7VSFAX Federated Clover SmallPairCorr
  0.62FGSKX Federated Mdt MidPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
KAUCX
+ 0.98
MXCCX
FUSCX
+ 0.98
FDBCX
FDBCX
+ 0.89
SINCX
FUSCX
+ 0.8
SINCX
  
High negative correlations   
FUSCX
- 0.75
MXCCX
FUSCX
- 0.69
KAUCX
FDBCX
- 0.65
MXCCX
FDBCX
- 0.59
KAUCX
SINCX
- 0.29
MXCCX
SINCX
- 0.23
KAUCX

Risk-Adjusted Indicators

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