Floating Rate Correlations

LFRAX Fund

USD 8.17 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.

Check out Correlation Analysis 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 nation.

Moving together with Floating Mutual Fund

0.73	OOSYX	Oppenheimer Senior	Pair Corr
0.73	OOSIX	Oppenheimer Senior	Pair Corr
0.82	LFRIX	Floating Rate	Pair Corr
0.82	LARCX	Floating Rate	Pair Corr
0.81	LFRRX	Lord Abbett Inv	Pair Corr
0.82	LFRFX	Floating Rate	Pair Corr
0.81	LRRRX	Floating Rate	Pair Corr
0.82	LRRTX	Floating Rate	Pair Corr
0.81	LRRVX	Floating Rate	Pair Corr
0.81	LRRKX	Floating Rate	Pair Corr
0.64	VTSAX	Vanguard Total Stock	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.64	VSMPX	Vanguard Total Stock	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.63	VITSX	Vanguard Total Stock	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.64	INTC	Intel Aggressive Push	Pair Corr
0.65	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.69	CSCO	Cisco Systems Earnings Call Today	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Floating Mutual Fund

0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.45	PG	Procter Gamble Sell-off Trend	Pair Corr
0.42	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	FHCCX	LYFAX	GGHYX	BHSRX	LOGSX	SCHLX
FHCCX		0.57	0.5	0.62	0.47	0.49	FHCCX
LYFAX	0.57		0.41	0.42	0.59	0.43	LYFAX
GGHYX	0.5	0.41		0.91	0.74	0.98	GGHYX
BHSRX	0.62	0.42	0.91		0.82	0.91	BHSRX
LOGSX	0.47	0.59	0.74	0.82		0.72	LOGSX
SCHLX	0.49	0.43	0.98	0.91	0.72		SCHLX
	FHCCX	LYFAX	GGHYX	BHSRX	LOGSX	SCHLX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHCCX	0.63	(0.03)	(0.11)	0.11	0.64	(0.69)	1.05	(1.09)	2.98
LYFAX	0.63	0.10	(0.08)	(1.77)	0.66	(0.66)	1.35	(1.27)	4.14
GGHYX	0.55	(0.02)	(0.22)	(0.09)	0.72	(0.52)	0.89	(1.18)	2.57
BHSRX	0.52	(0.10)	0.00	(0.02)	0.00	0.00	0.91	(1.10)	2.34
LOGSX	0.54	(0.06)	(0.19)	0.04	0.70	(0.53)	0.96	(1.10)	2.63
SCHLX	0.49	(0.01)	(0.26)	(0.15)	0.60	(0.50)	0.89	(1.02)	2.77

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Floating Rate Correlations

Moving together with Floating Mutual Fund

Moving against Floating Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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