Federated Global Correlations

Mutual Funds . USA . 
Fund . Federated Global Allocation
FSTBX Fund  USD 20.72  0.03  0.14%   
The current 90-days correlation between Federated Global All and Federated Mdt Large is -0.05 (i.e., Good 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

Good diversification

The correlation between Federated Global Allocation and DJI is -0.11 (i.e., Good 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 bureau of labor statistics.

Moving together with Federated Mutual Fund

  0.9EMDIX Federated Emerging MarketPairCorr
  0.75QKACX Federated Mdt AllPairCorr
  0.65QKBGX Federated Mdt BalancedPairCorr
  1.0SBFIX Federated Global AllPairCorr
  0.78FRIEX Federated Hermes EmergingPairCorr
  0.91STFSX Federated StrategicPairCorr
  0.9STIAX Federated StrategicPairCorr
  0.86STILX Federated StrategicPairCorr
  0.86STISX Federated StrategicPairCorr
  0.93FSBCX Federated Global AllPairCorr
  1.0FSBKX Federated Global AllPairCorr
  0.93FSBLX Federated Global AllPairCorr
  0.62QLSCX Federated Mdt SmallPairCorr
  0.83FSHIX Federated Short-intermediaPairCorr
  0.85INISX Federated IntermediatePairCorr
  0.85FSHSX Federated Short IntePairCorr
  0.63FSTIX Federated Short TermPairCorr
  0.61FSTRX Federated Mdt LargePairCorr
  0.77PIEFX Pnc Emerging MarketsPairCorr
  0.96PIGDX Pnc International GrowthPairCorr
  0.72SVALX Federated Strategic ValuePairCorr
  0.77FTGLX Federated Total ReturnPairCorr
  0.73FTGSX Federated Total ReturnPairCorr
  0.79SVAAX Federated Strategic ValuePairCorr
  0.86SVAIX Federated Strategic ValuePairCorr
  0.86SVACX Federated Strategic ValuePairCorr
  0.61PIUCX Pnc International EquityPairCorr
  0.61PIUIX Pnc International EquityPairCorr
  0.89RRFAX Federated Real ReturnPairCorr
  0.84RRFCX 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 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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