Power Floating Correlations

Mutual Funds . USA . 
Fund . Power Floating Rate
FLOCX Fund  USD 9.23  0.01  0.11%   
The current 90-days correlation between Power Floating Rate and Power Global Tactical is 0.37 (i.e., Weak 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

Very weak diversification

The correlation between Power Floating Rate and DJI is 0.4 (i.e., Very 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 main economic indicators.

Moving together with Power Mutual Fund

  0.89GLACX Power Global TacticalPairCorr
  0.99FLOAX Power Floating RatePairCorr
  0.93BSIKX Blackrock StrategicPairCorr
  0.93BSICX Blackrock Strategic OppsPairCorr
  0.93BASIX Blackrock Strategic OppsPairCorr
  0.93BSIIX Blackrock StrategicPairCorr
  0.94JSORX Jpmorgan Strategic IncomePairCorr
  0.93JSOZX Jpmorgan Strategic IncomePairCorr
  0.91JSOCX Jpmorgan Strategic IncomePairCorr
  0.93JSOSX Jpmorgan Strategic IncomePairCorr
  0.93JSOAX Jpmorgan Strategic IncomePairCorr
  0.82PMZCX Pimco Mortgage OpporPairCorr
  0.83GAAKX Gmo Alternative AlloPairCorr
  0.82GAAGX Gmo Alternative AlloPairCorr
  0.76GPBFX Gmo E PlusPairCorr
  0.84SEKCX Deutsche Emerging MarketsPairCorr
  0.77ADVYX Diversified BondPairCorr
  0.94SHDYX American Beacon ShapiroPairCorr
  0.93CEMIX Causeway Emerging MarketsPairCorr
  0.94AFLIX Anfield Universal FixedPairCorr
  0.86MIDGX Mfs International NewPairCorr
  0.85CSDGX Copeland Smid CapPairCorr
  0.75TWTCX Intermediate Term TaxPairCorr
  0.91ARZMX Amg River RoadPairCorr
  0.89ACIHX American Century GrowthPairCorr
  0.87SVLCX Columbia Select LargePairCorr
  0.93CSOIX Credit Suisse StrategicPairCorr
  0.88SSCVX Columbia Select SmallerPairCorr
  0.74GWSVX Gabelli FocusPairCorr
  0.82PARRX Real Return FundPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.62EICTX Eaton Vance ConnecticutPairCorr
  0.86APDMX Artisan Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GLACX  0.41  0.09  0.05  0.30  0.18 
(0.52)
 1.16 
(0.62)
 3.40 
FLOCX  0.07  0.01 (0.81) 0.51  0.00 
(0.13)
 0.22 
(0.11)
 0.55 
FLOAX  0.06  0.02  0.00  0.75  0.00 
 0.00 
 0.11 
(0.10)
 0.53 
BSBIX  0.07  0.02 (0.83)(0.94) 0.00 
(0.12)
 0.11 
(0.11)
 0.42 
MURQX  0.55  0.10  0.08  0.27  0.47 
(0.61)
 1.72 
(1.30)
 3.90 
WFPDX  0.87  0.25  0.23  0.38  0.59 
(1.07)
 2.67 
(1.54)
 5.33 
PGGIX  0.17  0.01 (0.47) 1.91  0.14 
(0.20)
 0.40 
(0.30)
 1.01 
OEGYX  0.78  0.18  0.14  0.34  0.74 
(0.86)
 2.34 
(1.26)
 4.99 
VSVNX  0.48  0.12  0.11  0.32  0.25 
(0.58)
 1.45 
(1.14)
 3.24 
PADEX  0.47  0.11  0.08  0.29  0.28 
(0.54)
 1.47 
(1.01)
 3.41 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY