Floating Rate Correlations

LFRIX Fund

USD 8.18 0.01 0.12%

The current 90-days correlation between Floating Rate and Old Westbury Large is 0.13 (i.e., Average 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

Good diversification

The correlation between Floating Rate Fund and DJI is -0.11 (i.e., Good 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 gross domestic product.

Moving together with Floating Mutual Fund

0.93	OOSYX	Oppenheimer Senior	Pair Corr
0.94	OOSIX	Oppenheimer Senior	Pair Corr
1.0	LARCX	Floating Rate	Pair Corr
1.0	LFRRX	Lord Abbett Inv	Pair Corr
1.0	LFRFX	Floating Rate	Pair Corr
0.91	LRRRX	Floating Rate	Pair Corr
1.0	LRRTX	Floating Rate	Pair Corr
1.0	LRRVX	Floating Rate	Pair Corr
1.0	LRRKX	Floating Rate	Pair Corr
0.63	BAC	Bank of America Aggressive Push	Pair Corr
0.65	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Floating Mutual Fund

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

Related Correlations Analysis

	OWLSX	MGGNX	PLHHX	SMPIX	CABIX	OPTCX	LIOTX
OWLSX		0.31	0.93	0.84	0.73	0.95	0.82	OWLSX
MGGNX	0.31		0.34	-0.11	0.79	0.35	-0.12	MGGNX
PLHHX	0.93	0.34		0.77	0.72	0.9	0.72	PLHHX
SMPIX	0.84	-0.11	0.77		0.35	0.73	0.89	SMPIX
CABIX	0.73	0.79	0.72	0.35		0.68	0.26	CABIX
OPTCX	0.95	0.35	0.9	0.73	0.68		0.77	OPTCX
LIOTX	0.82	-0.12	0.72	0.89	0.26	0.77		LIOTX
	OWLSX	MGGNX	PLHHX	SMPIX	CABIX	OPTCX	LIOTX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OPTCX	+ 0.95	OWLSX
PLHHX	+ 0.93	OWLSX
OPTCX	+ 0.9	PLHHX
LIOTX	+ 0.89	SMPIX
SMPIX	+ 0.84	OWLSX
LIOTX	+ 0.82	OWLSX

High negative correlations

LIOTX	- 0.12	MGGNX
SMPIX	- 0.11	MGGNX

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
OWLSX	0.54	0.15	(0.02)	(2.79)	0.52	(0.61)	1.37	(0.94)	3.85
MGGNX	0.19	0.01	(0.54)	(0.62)	0.18	(0.25)	0.34	(0.45)	1.13
PLHHX	0.57	(0.01)	(0.05)	0.14	0.55	(0.65)	1.51	(0.99)	3.62
SMPIX	2.89	0.54	0.08	(5.73)	4.19	(2.78)	6.04	(6.39)	20.82
CABIX	0.33	0.05	(0.24)	6.91	0.29	(0.38)	0.73	(0.72)	2.27
OPTCX	0.17	0.06	(0.50)	1.82	0.00	(0.26)	0.43	(0.21)	1.18
LIOTX	0.55	0.10	(0.06)	3.94	0.69	(0.63)	1.20	(1.28)	3.97

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