Floating Rate Correlations
LFRIX Fund | USD 8.10 0.00 0.00% |
The current 90-days correlation between Floating Rate and Ffuyux is 0.26 (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 Fund and DJI is 0.19 (i.e., Average 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.
Floating |
Moving together with Floating Mutual Fund
1.0 | LFRFX | Floating Rate | PairCorr |
1.0 | LFRRX | Lord Abbett Inv | PairCorr |
0.98 | LGLSX | L Abbett Growth | PairCorr |
0.97 | EMILX | Lord Abbett Emerging | PairCorr |
0.96 | LIGFX | Lord Abbett Diversified | PairCorr |
0.88 | LIFAX | Lord Abbett Inflation | PairCorr |
0.83 | LOISX | Lord Abbett Intermediate | PairCorr |
1.0 | LRRKX | Floating Rate | PairCorr |
1.0 | LRRRX | Floating Rate | PairCorr |
1.0 | LRRVX | Floating Rate | PairCorr |
1.0 | LRRTX | Floating Rate | PairCorr |
1.0 | LARCX | Floating Rate | PairCorr |
0.97 | LTFOX | Lord Abbett Affiliated | PairCorr |
0.99 | OOSYX | Oppenheimer Senior | PairCorr |
0.99 | OOSIX | Oppenheimer Senior | PairCorr |
0.98 | VSTSX | Vanguard Total Stock | PairCorr |
0.98 | VSMPX | Vanguard Total Stock | PairCorr |
0.98 | VITSX | Vanguard Total Stock | PairCorr |
0.98 | VFFSX | Vanguard 500 Index | PairCorr |
0.98 | VFIAX | Vanguard 500 Index | PairCorr |
0.97 | VTISX | Vanguard Total Inter | PairCorr |
0.97 | VTSNX | Vanguard Total Inter | PairCorr |
0.97 | VTPSX | Vanguard Total Inter | PairCorr |
0.98 | VINIX | Vanguard Institutional | PairCorr |
0.98 | VTSAX | Vanguard Total Stock | PairCorr |
0.98 | VSZFX | Voya Index Solution | PairCorr |
0.92 | CWSIX | Chartwell Small Cap | PairCorr |
0.99 | AMFFX | American Mutual | PairCorr |
0.96 | FDMLX | Fidelity Series Intrinsic | PairCorr |
0.72 | MISTX | Bny Mellon Short | PairCorr |
0.98 | UPUPX | Upright Growth | PairCorr |
0.98 | SKTAX | Saat E Market | PairCorr |
0.74 | GIBCX | Guggenheim Total Return | PairCorr |
0.98 | QNTAX | Quantex Fund Adviser | PairCorr |
0.91 | BGCWX | Baillie Gifford Eafe | PairCorr |
0.98 | JGSRX | John Hancock Global | PairCorr |
0.98 | FUNCX | Pioneer Fundamental | PairCorr |
0.97 | SSHVX | Sound Shore Fund | PairCorr |
0.98 | FFPNX | American Funds New | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FFUYUX | 0.86 | 0.20 | 0.32 | 0.37 | 0.00 | 2.64 | 6.91 | |||
IPSAX | 0.39 | 0.05 | (0.07) | 0.28 | 0.00 | 0.75 | 3.51 | |||
WMCANX | 0.43 | 0.25 | 0.07 | (5.44) | 0.00 | 1.46 | 3.18 | |||
WRLDX | 0.49 | 0.16 | (0.09) | (4.22) | 0.20 | 1.20 | 2.90 | |||
WABMSX | 0.47 | 0.27 | 0.09 | (3.30) | 0.00 | 1.70 | 3.58 | |||
IEMSX | 0.51 | 0.28 | 0.11 | (2.70) | 0.00 | 1.39 | 3.24 | |||
FKHEMX | 0.60 | 0.08 | 0.09 | 0.29 | 0.06 | 1.68 | 4.58 |