Power Floating Correlations

Mutual Funds . USA . 
Fund . Power Floating Rate
FLOAX Fund  USD 9.66  0.01  0.10%   
The current 90-days correlation between Power Floating Rate and Ep Emerging Markets is 0.08 (i.e., Significant diversification). The correlation of Power Floating 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.

Power Floating Correlation With Market

Weak diversification

The correlation between Power Floating Rate and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Power Floating Rate. 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 Power Mutual Fund

  0.91GLACX Power Global TacticalPairCorr
  0.99FLOCX Power Floating RatePairCorr
  0.95BSIKX Blackrock StrategicPairCorr
  0.94BSICX Blackrock Strategic OppsPairCorr
  0.95BASIX Blackrock Strategic OppsPairCorr
  0.94BSIIX Blackrock StrategicPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.95JSOAX Jpmorgan Strategic IncomePairCorr
  0.83PMZCX Pimco Mortgage OpporPairCorr
  0.82GAAKX Gmo Alternative AlloPairCorr
  0.81GAAGX Gmo Alternative AlloPairCorr
  0.75GPBFX Gmo E PlusPairCorr
  0.86SEKCX Deutsche Emerging MarketsPairCorr
  0.77ADVYX Diversified BondPairCorr
  0.94SHDYX American Beacon ShapiroPairCorr
  0.95CEMIX Causeway Emerging MarketsPairCorr
  0.96AFLIX Anfield Universal FixedPairCorr
  0.89MIDGX Mfs International NewPairCorr
  0.86CSDGX Copeland Smid CapPairCorr
  0.76TWTCX Intermediate Term TaxPairCorr
  0.91ARZMX Amg River RoadPairCorr
  0.9ACIHX American Century GrowthPairCorr
  0.89SVLCX Columbia Select LargePairCorr
  0.95CSOIX Credit Suisse StrategicPairCorr
  0.89SSCVX Columbia Select SmallerPairCorr
  0.72GWSVX Gabelli FocusPairCorr
  0.82PARRX Real Return FundPairCorr
  0.97ASLAX Ab Select LongshortPairCorr
  0.62EICTX Eaton Vance ConnecticutPairCorr
  0.89APDMX Artisan Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Power Mutual Fund performing well and Power Floating 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 Power Floating'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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