Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
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.
  
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

  1.0LFRFX Floating RatePairCorr
  1.0LFRRX Lord Abbett InvPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.96LIGFX Lord Abbett DiversifiedPairCorr
  0.88LIFAX Lord Abbett InflationPairCorr
  0.83LOISX Lord Abbett IntermediatePairCorr
  1.0LRRKX Floating RatePairCorr
  1.0LRRRX Floating RatePairCorr
  1.0LRRVX Floating RatePairCorr
  1.0LRRTX Floating RatePairCorr
  1.0LARCX Floating RatePairCorr
  0.97LTFOX Lord Abbett AffiliatedPairCorr
  0.99OOSYX Oppenheimer SeniorPairCorr
  0.99OOSIX Oppenheimer SeniorPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VSZFX Voya Index SolutionPairCorr
  0.92CWSIX Chartwell Small CapPairCorr
  0.99AMFFX American MutualPairCorr
  0.96FDMLX Fidelity Series IntrinsicPairCorr
  0.72MISTX Bny Mellon ShortPairCorr
  0.98UPUPX Upright GrowthPairCorr
  0.98SKTAX Saat E MarketPairCorr
  0.74GIBCX Guggenheim Total ReturnPairCorr
  0.98QNTAX Quantex Fund AdviserPairCorr
  0.91BGCWX Baillie Gifford EafePairCorr
  0.98JGSRX John Hancock GlobalPairCorr
  0.98FUNCX Pioneer FundamentalPairCorr
  0.97SSHVX Sound Shore FundPairCorr
  0.98FFPNX American Funds NewPairCorr

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.

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