Federated Global Correlations

FSTBX Fund

USD 20.22 0.15 0.74%

The current 90-days correlation between Federated Global All and Federated Mdt Large is 0.84 (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 0.82 (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 bureau of labor statistics.

Moving together with Federated Mutual Fund

0.86	QKACX	Federated Mdt All	Pair Corr
0.98	QKBGX	Federated Mdt Balanced	Pair Corr
1.0	SBFIX	Federated Global All	Pair Corr
1.0	FSBCX	Federated Global All	Pair Corr
1.0	FSBKX	Federated Global All	Pair Corr
1.0	FSBLX	Federated Global All	Pair Corr
0.94	FSTKX	Federated Mdt Large	Pair Corr
0.94	FSTLX	Federated Mdt Large	Pair Corr
0.94	FSTRX	Federated Mdt Large	Pair Corr

Related Correlations Analysis

	FSTKX	LEIFX	FMXSX	KAUAX	FDBAX
FSTKX		0.28	0.6	0.43	0.41	FSTKX
LEIFX	0.28		0.48	0.47	-0.11	LEIFX
FMXSX	0.6	0.48		0.94	-0.37	FMXSX
KAUAX	0.43	0.47	0.94		-0.54	KAUAX
FDBAX	0.41	-0.11	-0.37	-0.54		FDBAX
	FSTKX	LEIFX	FMXSX	KAUAX	FDBAX

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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

KAUAX	+ 0.94	FMXSX
FMXSX	+ 0.6	FSTKX
FMXSX	+ 0.48	LEIFX
KAUAX	+ 0.47	LEIFX
KAUAX	+ 0.43	FSTKX
FDBAX	+ 0.41	FSTKX

High negative correlations

FDBAX	- 0.54	KAUAX
FDBAX	- 0.37	FMXSX
FDBAX	- 0.11	LEIFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSTKX	0.61	0.06	0.07	0.07	0.68	(0.66)	1.38	(1.26)	3.19
LEIFX	0.76	(0.14)	0.00	(0.18)	0.00	0.00	1.18	(1.36)	12.16
FMXSX	0.80	(0.04)	0.00	(0.05)	0.00	0.00	1.61	(1.71)	4.60
KAUAX	1.13	(0.09)	0.00	(0.08)	0.00	0.00	1.95	(2.75)	5.82
FDBAX	0.23	0.00	0.02	0.08	0.22	(0.28)	0.48	(0.37)	1.46

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