Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRRX Fund  USD 8.08  0.00  0.00%   
The current 90-days correlation between Floating Rate and Tfa Alphagen Growth is 0.29 (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

Good diversification

The correlation between Floating Rate Fund and DJI is -0.02 (i.e., 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 real.

Moving together with Floating Mutual Fund

  1.0LFRAX Floating RatePairCorr
  1.0LFRFX Floating RatePairCorr
  0.99LFRIX Floating RatePairCorr
  0.91LGLSX L Abbett GrowthPairCorr
  0.92LIGFX Lord Abbett DiversifiedPairCorr
  0.93LIFAX Lord Abbett InflationPairCorr
  0.75LOISX Lord Abbett IntermediatePairCorr
  0.98LRRKX Floating RatePairCorr
  0.99LRRVX Floating RatePairCorr
  0.97LRRTX Floating RatePairCorr
  0.86LRSCX Small Cap ValuePairCorr
  0.86LRSOX Lord Abbett SmallPairCorr
  0.95LSYIX Lord Abbett ShortPairCorr
  0.95LSYFX Lord Abbett ShortPairCorr
  0.92LTFOX Lord Abbett AffiliatedPairCorr
  0.98OOSYX Oppenheimer SeniorPairCorr
  0.97OOSIX Oppenheimer SeniorPairCorr
  1.0LARCX Floating RatePairCorr
  1.0LFRRX Lord Abbett InvPairCorr
  0.95PFN Pimco Income StrategyPairCorr
  0.92CIF Mfs Intermediate HighPairCorr
  0.8PCF Putnam High IncomePairCorr
  0.93FMOKX Oklahoma College SavingsPairCorr
  0.92CGVEX American Funds GlobalPairCorr
  0.93FLSBX Franklin Lifesmart 2055PairCorr
  0.83CXXRX Columbia Small CapPairCorr
  0.84RYWAX Sp Smallcap 600PairCorr
  0.93PTEZX Prudential Qma LargePairCorr
  0.77BFONX Biondo FocusPairCorr
  0.92HERSX Hartford Emerging MarketsPairCorr

Moving against Floating Mutual Fund

  0.63XDSMX Dreyfus StrategicPairCorr

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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