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 Qs Moderate Growth is 0.2 (i.e., Modest 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

  0.63JQLMX Multimanager LifestylePairCorr
  0.64JQLBX Multimanager LifestylePairCorr
  0.65JQLAX Multimanager LifestylePairCorr
  0.95JQLCX Multimanager LifestylePairCorr
  0.65JQLGX Multimanager LifestylePairCorr
  0.98JRETX J Hancock IiPairCorr
  0.95JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.62JRLPX Multi Index 2020PairCorr
  0.63JRLUX Multi Index 2045PairCorr
  0.98JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.98JROUX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.63JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.64JAAPX Alternative AssetPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.64JAARX Alternative AssetPairCorr
  0.97JRTGX Retirement Living ThroughPairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.64JAASX Alternative AssetPairCorr
  0.62JRTIX Multi Index 2030PairCorr
  0.64JAAVX Jhancock MultimanagerPairCorr
  0.97JRTJX Retirement Living ThroughPairCorr
  0.98JAAWX Jhancock MultimanagerPairCorr
  0.97JRTMX Multi Index 2035PairCorr
  0.98JAAZX Jhancock MultimanagerPairCorr
  0.97JRTNX Retirement Living ThroughPairCorr
  0.98JABBX Jhancock MultimanagerPairCorr
  0.66JABFX Jhancock Real EstatePairCorr
  0.63JRTVX Multi Index 2040PairCorr

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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