Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRRX Fund  USD 8.07  0.01  0.12%   
The current 90-days correlation between Floating Rate and Ultraemerging Markets Profund is -0.04 (i.e., Good 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

Very good diversification

The correlation between Floating Rate Fund and DJI is -0.27 (i.e., Very 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 employment.

Moving together with Floating Mutual Fund

  0.86ELMFX Lord Abbett TrustPairCorr
  0.86ELMCX Lord Abbett TrustPairCorr
  0.98LFRAX Floating RatePairCorr
  1.0LFRFX Floating RatePairCorr
  1.0LFRIX Floating RatePairCorr
  0.96LFRRX Lord Abbett InvPairCorr
  0.99LFROX Lord Abbett FloatingPairCorr
  0.81HYMOX Lord Abbett HighPairCorr
  0.9HYMQX Lord Abbett ShortPairCorr
  0.77HYMAX Lord Abbett HighPairCorr
  0.79HYMCX Lord Abbett HighPairCorr
  0.78HYMFX Lord Abbett HighPairCorr
  0.81HYMIX Lord Abbett HighPairCorr
  0.83LGCAX Lord Abbett GlobalPairCorr
  0.84LGCFX Lord Abbett GlobalPairCorr
  0.83LGCCX Lord Abbett GlobalPairCorr
  0.83LGCRX Lord Abbett GlobalPairCorr
  0.84LGCOX Lord Abbett GlobalPairCorr
  0.84LGCVX Lord Abbett GlobalPairCorr
  0.84LGCSX Lord Abbett GlobalPairCorr
  0.84LGCYX Lord Abbett GlobalPairCorr
  0.84LGCWX Lord Abbett GlobalPairCorr
  0.88LGLCX Lord Abbett GrowthPairCorr
  0.89LGLAX Lord Abbett GrowthPairCorr
  0.89LGLFX Lord Abbett GrowthPairCorr
  0.89LGLIX Lord Abbett GrowthPairCorr
  0.89LGLOX Lord Abbett GrowthPairCorr
  0.89LGLSX L Abbett GrowthPairCorr
  0.88LGLQX Lord Abbett GrowthPairCorr
  0.89LGLRX Lord Abbett GrowthPairCorr
  0.89LGLUX L Abbett GrowthPairCorr
  0.89LGLVX L Abbett GrowthPairCorr
  0.86EMILX Lord Abbett EmergingPairCorr
  0.9LGOFX Lord Abbett GrowthPairCorr
  0.9LGOQX Lord Abbett GrowthPairCorr
  0.9LGORX Lord Abbett GrowthPairCorr
  0.9LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis


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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