Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LFRAX Fund  USD 8.05  0.01  0.12%   
The current 90-days correlation between Floating Rate and Fidelity Advisor Gold is 0.32 (i.e., Weak 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

Modest diversification

The correlation between Floating Rate Fund and DJI is 0.24 (i.e., Modest 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 nation.

Moving together with Floating Mutual Fund

  0.77ELMFX Lord Abbett TrustPairCorr
  0.77ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX Lord Abbett FocusedPairCorr
  0.8LFRFX Floating RatePairCorr
  0.8LFRIX Floating RatePairCorr
  0.81LFRRX Lord Abbett InvPairCorr
  0.82LFROX Lord Abbett FloatingPairCorr
  0.95LFVAX Lord Abbett FocusedPairCorr
  0.95LFVCX Lord Abbett FocusedPairCorr
  0.67HYMQX Lord Abbett ShortPairCorr
  0.78LGCAX Lord Abbett GlobalPairCorr
  0.72LGCFX Lord Abbett GlobalPairCorr
  0.73LGCCX Lord Abbett GlobalPairCorr
  0.73LGCRX Lord Abbett GlobalPairCorr
  0.72LGCOX Lord Abbett GlobalPairCorr
  0.72LGCVX Lord Abbett GlobalPairCorr
  0.72LGCSX Lord Abbett GlobalPairCorr
  0.72LGCYX Lord Abbett GlobalPairCorr
  0.72LGCWX Lord Abbett GlobalPairCorr
  0.77LGLCX Lord Abbett GrowthPairCorr
  0.77LGLAX Lord Abbett GrowthPairCorr
  0.76LGLFX Lord Abbett GrowthPairCorr
  0.71LGLIX Lord Abbett GrowthPairCorr
  0.77LGLOX Lord Abbett GrowthPairCorr
  0.71LGLSX L Abbett GrowthPairCorr
  0.71LGLQX Lord Abbett GrowthPairCorr
  0.71LGLRX Lord Abbett GrowthPairCorr
  0.71LGLUX L Abbett GrowthPairCorr
  0.71LGLVX L Abbett GrowthPairCorr
  0.77EMILX Lord Abbett EmergingPairCorr
  0.67LGOFX Lord Abbett GrowthPairCorr
  0.67LGOQX Lord Abbett GrowthPairCorr
  0.67LGORX Lord Abbett GrowthPairCorr
  0.67LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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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