Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Income
JFIRX Fund  USD 7.61  0.00  0.00%   
The current 90-days correlation between Floating Rate Income and Ab Bond Inflation is -0.09 (i.e., Good diversification). The correlation of Floating Rate 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.

Floating Rate Correlation With Market

Average diversification

The correlation between Floating Rate Income and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floating Rate Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Floating Rate Income. 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 metropolitan statistical area.

Moving together with Floating Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.89FRBCX Regional BankPairCorr
  0.97JQLMX Multimanager LifestylePairCorr
  0.97JQLBX Multimanager LifestylePairCorr
  0.95JQLCX Multimanager LifestylePairCorr
  0.88JRBFX Regional BankPairCorr
  0.88JRGRX Regional BankPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.97JRLPX Multi Index 2020PairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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