FLOATING RATE Correlations

LFRAX Fund

USD 7.95 0.03 0.38%

Current 90-days correlation between Floating Rate and Fidelity Sai Real is -0.13 (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.

FLOATING RATE Correlation With Market

Very weak diversification

Across the chosen horizon, LFRAX and DJI show a correlation of 0.5 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Use Correlation Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Floating Rate Fund within the portfolio mix. 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

0.79	OOSYX	Oppenheimer Senior	Pair Corr
0.79	OOSIX	Oppenheimer Senior	Pair Corr
0.97	LFRIX	Floating Rate	Pair Corr
0.96	LARCX	Floating Rate	Pair Corr
0.96	LFRRX	Lord Abbett Inv	Pair Corr
0.97	LFRFX	Floating Rate	Pair Corr
0.96	LRRRX	Floating Rate	Pair Corr
0.96	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.97	LRRKX	Floating Rate	Pair Corr
0.68	PFN	PIMCO Income Strategy	Pair Corr
0.64	DIS	Walt Disney	Pair Corr

Moving against FLOATING Mutual Fund

0.67	XPPRX	Voya Prime Rate	Pair Corr
0.44	XNBHX	Neuberger Berman	Pair Corr
0.38	XDSMX	Dreyfus Strategic	Pair Corr
0.35	NXJ	Nuveen New Jersey	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.5	KO	Coca Cola Sell-off Trend	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.37	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	RRRZX	CREYX	MRESX	TRREX	FREEX	SEIRX	FESIX
RRRZX		0.99	1.0	0.93	0.98	0.82	0.98	RRRZX
CREYX	0.99		1.0	0.96	0.98	0.86	0.98	CREYX
MRESX	1.0	1.0		0.95	0.98	0.85	0.99	MRESX
TRREX	0.93	0.96	0.95		0.93	0.95	0.95	TRREX
FREEX	0.98	0.98	0.98	0.93		0.83	0.96	FREEX
SEIRX	0.82	0.86	0.85	0.95	0.83		0.86	SEIRX
FESIX	0.98	0.98	0.99	0.95	0.96	0.86		FESIX
	RRRZX	CREYX	MRESX	TRREX	FREEX	SEIRX	FESIX

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
RRRZX	0.58	0.09	0.14	0.26	0.76	-0.55	1.45	-1.07	3.42
CREYX	0.56	0.11	0.16	0.26	0.69	-0.58	1.38	-1.24	3.08
MRESX	0.59	0.11	0.15	0.27	0.74	-0.57	1.47	-1.12	3.42
TRREX	0.64	0.14	0.19	0.40	0.64	-0.72	1.56	-1.12	5.26
FREEX	0.54	0.08	0.15	-0.66	0.69	-0.52	1.37	-1.11	3.19
SEIRX	0.72	0.25	0.35	0.94	0.42	-0.83	1.46	-1.07	12.67
FESIX	0.56	0.06	0.10	0.09	0.67	-0.61	1.37	-1.13	2.85

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