Floating Rate Correlations

Floating Rate Correlation With Market

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 estimate.

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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    GLDAX + 0.99 SGDLX UIPMX + 0.99 GLDAX UIPMX + 0.96 SGDLX FRGOX + 0.95 SGDLX GLDAX + 0.95 FRGOX UIPMX + 0.94 FRGOX

High negative correlations    SPPIX - 0.9 FRGOX UIPMX - 0.88 SPPIX GLDAX - 0.84 SPPIX SPPIX - 0.79 SGDLX SPPIX - 0.68 QGLDX SPPIX - 0.36 GLRBX

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.