Power Floating Correlations

Mutual Funds . USA . 
Fund . Power Floating Rate
FLOCX Fund  USD 9.24  0.01  0.11%   
The current 90-days correlation between Power Floating Rate and Dreyfus Natural Resources is 0.18 (i.e., Average diversification). The correlation of Power Floating 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.

Power Floating Correlation With Market

Good diversification

The correlation between Power Floating Rate and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Floating Rate 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 Power Floating Rate. 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 main economic indicators.

Moving together with Power Mutual Fund

  0.89GLACX Power Global TacticalPairCorr
  1.0FLOAX Power Floating RatePairCorr
  0.94BSIKX Blackrock StrategicPairCorr
  0.93BSICX Blackrock Strategic OppsPairCorr
  0.94BASIX Blackrock Strategic OppsPairCorr
  0.94BSIIX Blackrock StrategicPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.95JSOAX Jpmorgan Strategic IncomePairCorr
  0.82PMZCX Pimco Mortgage OpporPairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.94HLDRX Hartford EmergingPairCorr
  0.95HLDAX Hartford EmergingPairCorr
  0.95HLDCX Hartford EmergingPairCorr
  0.95HLDTX Hartford EmergingPairCorr
  0.71ATBYX Intermediate Term TaxPairCorr
  0.9PRNIX Allianzgi Nfj MidPairCorr
  0.88MNWCX Mfs Managed WealthPairCorr
  0.94ADVDX Alpine Dynamic DividendPairCorr
  0.9IAE Voya Asia PacificPairCorr
  0.71THNIX Thornburg New MexicoPairCorr
  0.95TARBX Touchstone ArbitragePairCorr
  0.63BPTRX Baron PartnersPairCorr
  0.89HIMVX Harbor Mid CapPairCorr
  0.92HAVLX Harbor Large CapPairCorr
  0.94TSILX Tiaa Cref LifestylePairCorr
  0.95TAHBX Transamerica High YieldPairCorr
  0.84RTISX Select InternationalPairCorr
  0.95NPHIX High Income FundPairCorr
  0.96HICSX Harbor Vertible SecuPairCorr
  0.9HRCAX Harbor Capital ApprePairCorr
  0.95PJIAX Prudential JennisonPairCorr
  0.89HIIDX Harbor DiversifiedPairCorr
  0.92BUFEX Buffalo Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Power Mutual Fund performing well and Power Floating 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 Power Floating'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY