Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LARCX Fund  USD 8.10  0.01  0.12%   
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

Modest diversification

The correlation between Floating Rate Fund and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floating Rate Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Floating Rate Fund. 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 Floating Mutual Fund

  0.86ELMFX Lord Abbett TrustPairCorr
  0.86ELMCX Lord Abbett TrustPairCorr
  0.81LFSFX Lord Abbett FocusedPairCorr
  1.0LFRAX Floating RatePairCorr
  0.88LFRFX Floating RatePairCorr
  0.88LFRIX Floating RatePairCorr
  0.88LFRRX Lord Abbett InvPairCorr
  0.88LFROX Lord Abbett FloatingPairCorr
  0.94LFVAX Lord Abbett FocusedPairCorr
  0.81LFVCX Lord Abbett FocusedPairCorr
  0.88HYMQX Lord Abbett ShortPairCorr
  0.72LGCAX Lord Abbett GlobalPairCorr
  0.7LGCFX Lord Abbett GlobalPairCorr
  0.7LGCCX Lord Abbett GlobalPairCorr
  0.7LGCRX Lord Abbett GlobalPairCorr
  0.71LGCOX Lord Abbett GlobalPairCorr
  0.97LGCVX Lord Abbett GlobalPairCorr
  0.7LGCSX Lord Abbett GlobalPairCorr
  0.7LGCYX Lord Abbett GlobalPairCorr
  0.71LGCWX Lord Abbett GlobalPairCorr
  0.98LGLCX Lord Abbett GrowthPairCorr
  0.98LGLAX Lord Abbett GrowthPairCorr
  0.87LGLFX Lord Abbett GrowthPairCorr
  0.98LGLIX Lord Abbett GrowthPairCorr
  0.74LGLOX Lord Abbett GrowthPairCorr
  0.74LGLSX L Abbett GrowthPairCorr
  0.74LGLQX Lord Abbett GrowthPairCorr
  0.98LGLRX Lord Abbett GrowthPairCorr
  0.98LGLUX L Abbett GrowthPairCorr
  0.74LGLVX L Abbett GrowthPairCorr
  0.69EMILX Lord Abbett EmergingPairCorr
  0.68LGOFX Lord Abbett GrowthPairCorr
  0.68LGOQX Lord Abbett GrowthPairCorr
  0.68LGORX Lord Abbett GrowthPairCorr
  0.68LGOPX Lord Abbett GrowthPairCorr

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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