Federated Global Correlations

SBFIX Fund

USD 20.30 0.96 0.56%

The current 90-days correlation between Federated Global All and Aberdeen Global Dynamic is 0.15 (i.e., Average 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 0.81 (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 World Market Map 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

0.85	EMDIX	Federated Emerging Market	Pair Corr
0.67	STILX	Federated Strategic	Pair Corr
0.71	FSBCX	Federated Global All	Pair Corr
0.71	FSBKX	Federated Global All	Pair Corr
0.71	FSBLX	Federated Global All	Pair Corr
0.66	QLSGX	Federated Mdt Small	Pair Corr
0.77	QLSCX	Federated Mdt Small	Pair Corr
0.78	FSTKX	Federated Mdt Large	Pair Corr
0.71	FSTLX	Federated Mdt Large	Pair Corr
0.71	FSTBX	Federated Global All	Pair Corr

Moving against Federated Mutual Fund

0.48

PIGDX

Pnc International Growth

Pair Corr

Related Correlations Analysis

	AGD	BGH	TLGAX	FSCCX	EDIIX	MMD	CAF	SAISX	JOF
AGD		0.36	0.05	0.28	-0.31	-0.15	0.29	0.26	0.24	AGD
BGH	0.36		0.1	0.4	-0.06	0.11	0.51	0.57	0.55	BGH
TLGAX	0.05	0.1		0.14	0.22	0.37	0.41	0.17	-0.07	TLGAX
FSCCX	0.28	0.4	0.14		0.3	-0.36	0.48	0.87	0.72	FSCCX
EDIIX	-0.31	-0.06	0.22	0.3		-0.23	0.26	0.4	0.45	EDIIX
MMD	-0.15	0.11	0.37	-0.36	-0.23		0.08	-0.2	-0.33	MMD
CAF	0.29	0.51	0.41	0.48	0.26	0.08		0.62	0.42	CAF
SAISX	0.26	0.57	0.17	0.87	0.4	-0.2	0.62		0.84	SAISX
JOF	0.24	0.55	-0.07	0.72	0.45	-0.33	0.42	0.84		JOF
	AGD	BGH	TLGAX	FSCCX	EDIIX	MMD	CAF	SAISX	JOF

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

SAISX	+ 0.87	FSCCX
JOF	+ 0.84	SAISX
JOF	+ 0.72	FSCCX
SAISX	+ 0.62	CAF
SAISX	+ 0.57	BGH
JOF	+ 0.55	BGH

High negative correlations

MMD	- 0.36	FSCCX
JOF	- 0.33	MMD
EDIIX	- 0.31	AGD
MMD	- 0.23	EDIIX
SAISX	- 0.2	MMD
MMD	- 0.15	AGD

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
AGD	1.37	(0.11)	0.00	(0.20)	0.00	0.00	2.15	(2.63)	10.91
BGH	0.62	(0.11)	0.00	(1.78)	0.00	0.00	1.08	(1.62)	3.34
TLGAX	0.81	(0.01)	(0.06)	(0.02)	1.20	(0.80)	1.51	(2.16)	5.48
FSCCX	0.80	(0.06)	(0.04)	0.02	1.10	(0.85)	2.01	(2.14)	4.56
EDIIX	0.41	0.05	(0.02)	0.52	0.49	(0.43)	0.86	(0.87)	2.27
MMD	0.29	(0.03)	0.00	(1.02)	0.00	0.00	0.53	(0.73)	1.66
CAF	0.97	0.08	0.04	0.20	1.17	(1.08)	2.07	(1.77)	6.58
SAISX	0.59	0.03	0.01	0.11	0.67	(0.61)	1.20	(1.12)	2.62
JOF	0.85	0.02	0.00	0.10	1.23	(0.87)	2.47	(1.41)	6.05

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