Federated International Correlations

FGFLX Fund

USD 36.94 0.07 0.19%

The current 90-days correlation between Federated International and Scharf Global Opportunity is 0.64 (i.e., Poor 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 0.44 (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 bureau of economic analysis.

Moving together with FEDERATED Mutual Fund

0.62	EMDIX	Federated Emerging Market	Pair Corr
0.7	INISX	Federated Intermediate	Pair Corr
0.61	PIGDX	Pnc International Growth	Pair Corr
0.86	FTIBX	Federated Global Total	Pair Corr
0.85	FTIIX	Federated Global Total	Pair Corr
0.75	FTGLX	Federated Total Return	Pair Corr
0.75	FTGSX	Federated Total Return	Pair Corr
0.91	PIUCX	Pnc International Equity	Pair Corr
0.89	PIUIX	Pnc International Equity	Pair Corr

Moving against FEDERATED Mutual Fund

0.88	FRSAX	Federated Floating Rate	Pair Corr
0.74	QKACX	Federated Mdt All	Pair Corr
0.64	QKBGX	Federated Mdt Balanced	Pair Corr
0.64	QLSCX	Federated Mdt Small	Pair Corr
0.62	QLSGX	Federated Mdt Small	Pair Corr
0.72	FSTKX	Federated Mdt Large	Pair Corr
0.72	FSTLX	Federated Mdt Large	Pair Corr
0.72	FSTRX	Federated Mdt Large	Pair Corr
0.6	SVALX	Federated Strategic Value	Pair Corr
0.69	FULAX	Federated Ultrashort Bond	Pair Corr
0.59	SVAAX	Federated Strategic Value	Pair Corr
0.58	SVAIX	Federated Strategic Value	Pair Corr
0.52	SVACX	Federated Strategic Value	Pair Corr

Related Correlations Analysis

	WRLDX	TQAAX	IAADX	MFTFX	FFCGX	LMUSX	TWBIX
WRLDX		0.88	0.19	-0.09	0.83	0.78	0.8	WRLDX
TQAAX	0.88		-0.04	-0.31	0.82	0.91	0.76	TQAAX
IAADX	0.19	-0.04		0.34	0.31	-0.12	0.39	IAADX
MFTFX	-0.09	-0.31	0.34		-0.32	-0.48	-0.09	MFTFX
FFCGX	0.83	0.82	0.31	-0.32		0.77	0.82	FFCGX
LMUSX	0.78	0.91	-0.12	-0.48	0.77		0.8	LMUSX
TWBIX	0.8	0.76	0.39	-0.09	0.82	0.8		TWBIX
	WRLDX	TQAAX	IAADX	MFTFX	FFCGX	LMUSX	TWBIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LMUSX	+ 0.91	TQAAX
TQAAX	+ 0.88	WRLDX
FFCGX	+ 0.83	WRLDX
FFCGX	+ 0.82	TQAAX
TWBIX	+ 0.82	FFCGX
TWBIX	+ 0.8	WRLDX

High negative correlations

LMUSX	- 0.48	MFTFX
FFCGX	- 0.32	MFTFX
MFTFX	- 0.31	TQAAX
LMUSX	- 0.12	IAADX
TWBIX	- 0.09	MFTFX
MFTFX	- 0.09	WRLDX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WRLDX	0.49	(0.02)	(0.12)	0.08	0.45	(0.56)	0.92	(0.97)	2.75
TQAAX	0.82	(0.03)	0.00	0.09	0.98	(0.85)	1.75	(1.51)	6.10
IAADX	0.15	(0.01)	(0.63)	(0.21)	0.14	(0.23)	0.32	(0.32)	1.19
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
FFCGX	0.56	(0.05)	(0.11)	0.05	0.70	(0.61)	1.26	(1.23)	3.41
LMUSX	0.60	0.13	0.03	3.24	0.72	(0.68)	1.28	(1.49)	4.08
TWBIX	0.35	0.03	(0.16)	1.32	0.45	(0.37)	0.77	(0.92)	2.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC