Federated Global Correlations

Summary

FTIIXDelisted Fund

USD 8.01 0.00 0.00%

The current 90-days correlation between Federated Global Total and Blackrock Science Technology is 0.07 (i.e., Significant 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

Average diversification

The correlation between Federated Global Total and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Global Total and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Federated Mutual Fund

0.62	DIS	Walt Disney	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Federated Mutual Fund

0.68	FTCAX	Templeton Strained Bond	Pair Corr
0.66	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.66	UIPIX	Ultrashort Mid Cap	Pair Corr
0.65	USPSX	Profunds Ultrashort	Pair Corr
0.65	USPIX	Profunds Ultrashort	Pair Corr
0.58	UTF	Cohen And Steers	Pair Corr
0.57	FGBRX	Templeton Global Bond	Pair Corr
0.57	FBNRX	Templeton Global Bond	Pair Corr
0.54	RCWBX	Capital World Bond	Pair Corr
0.54	CCWFX	Capital World Bond	Pair Corr
0.54	CCWCX	Capital World Bond	Pair Corr
0.54	RCWEX	Capital World Bond	Pair Corr
0.54	CCWEX	Capital World Bond	Pair Corr
0.54	RCWCX	Capital World Bond	Pair Corr
0.54	RCWGX	Capital World Bond	Pair Corr
0.54	RCWFX	Capital World Bond	Pair Corr
0.71	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.61	T	ATT Inc Sell-off Trend	Pair Corr
0.6	TRV	The Travelers Companies	Pair Corr
0.56	INTC	Intel Sell-off Trend	Pair Corr
0.55	HTD	John Hancock Tax	Pair Corr
0.46	MCD	McDonalds	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.38	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	BGSCX	TEFQX	RAGTX	NWHOX	RINCX	WFTIX	JNGTX	WFTDX
BGSCX		0.68	0.98	0.85	0.99	0.89	0.92	0.93	BGSCX
TEFQX	0.68		0.6	0.66	0.7	0.79	0.62	0.82	TEFQX
RAGTX	0.98	0.6		0.86	0.98	0.88	0.91	0.92	RAGTX
NWHOX	0.85	0.66	0.86		0.86	0.86	0.82	0.86	NWHOX
RINCX	0.99	0.7	0.98	0.86		0.91	0.92	0.95	RINCX
WFTIX	0.89	0.79	0.88	0.86	0.91		0.94	0.95	WFTIX
JNGTX	0.92	0.62	0.91	0.82	0.92	0.94		0.87	JNGTX
WFTDX	0.93	0.82	0.92	0.86	0.95	0.95	0.87		WFTDX
	BGSCX	TEFQX	RAGTX	NWHOX	RINCX	WFTIX	JNGTX	WFTDX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BGSCX	1.49	(0.13)	0.00	(0.14)	0.00	0.00	2.37	(3.68)	9.08
TEFQX	1.73	0.05	0.01	0.00	2.54	(1.56)	3.08	(3.69)	10.40
RAGTX	1.46	(0.17)	0.00	(0.18)	0.00	0.00	2.83	(3.76)	8.10
NWHOX	1.52	(0.28)	0.00	(0.38)	0.00	0.00	2.34	(3.60)	13.39
RINCX	1.50	(0.14)	0.00	(0.14)	0.00	0.00	2.79	(4.07)	8.21
WFTIX	0.90	(0.13)	0.00	0.68	0.00	0.00	1.72	(2.29)	4.88
JNGTX	1.18	(0.15)	0.00	0.50	0.00	0.00	2.00	(3.18)	6.41
WFTDX	0.94	(0.06)	0.00	(0.10)	0.00	0.00	1.87	(2.29)	4.98

Federated Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Federated Global mutual fund to make a market-neutral strategy. Peer analysis of Federated Global could also be used in its relative valuation, which is a method of valuing Federated Global by comparing valuation metrics with similar companies.

Blackrock Science Technology Firsthand Technology Opportunities Allianzgi Technology Fund Nationwide Bailard Technology Victory Rs Science Wells Fargo Specialized Janus Global Technology Specialized Technology Fund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Federated Global Total?

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