Power Floating Correlations

Mutual Funds . USA . 
Fund . Power Floating Rate
FLOTX Fund  USD 9.33  0.01  0.11%   
The current 90-days correlation between Power Floating Rate and Lebenthal Lisanti Small is 0.27 (i.e., Modest 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 estimate.

Moving together with Power Mutual Fund

  0.98PWRAX Power IncomePairCorr
  0.99PWRCX Power IncomePairCorr
  0.99PWRIX Power IncomePairCorr
  0.87MOJCX Power Momentum IndexPairCorr
  0.87MOJAX Power Momentum IndexPairCorr
  0.87MOJOX Power Momentum IndexPairCorr
  0.9GTAAX Power Global TacticalPairCorr
  0.91GTAIX Power Global TacticalPairCorr
  0.92PWDAX Power Dividend IndexPairCorr
  0.92PWDCX Power Dividend IndexPairCorr
  0.92PWDIX Power Dividend IndexPairCorr
  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
  0.92JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.94JSOAX Jpmorgan Strategic IncomePairCorr
  0.83PMZCX Pimco Mortgage OpporPairCorr
  0.93FSMMX Fs Multi StrategyPairCorr
  0.82BTMPX Ishares Msci EafePairCorr
  0.82BTMKX Blackrock InternationalPairCorr
  0.82MDIIX Blackrock Intern IndexPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.64MLPNX Oppenheimer Steelpath MlpPairCorr
  0.61MLPMX Oppenheimer Steelpath MlpPairCorr
  0.63SPMJX Invesco Steelpath MlpPairCorr
  0.85KNGLX Cboe Vest SpPairCorr
  0.8MSQLX International EquityPairCorr
  0.97QTSSX Quantified TacticalPairCorr
  0.91GEMZX Emerging Markets EquityPairCorr
  0.89CNPCX New PerspectivePairCorr
  0.91MAANX Mutual Of AmericaPairCorr
  0.91JFFYX Jpmorgan SmartretirementPairCorr
  0.78PINFX Invesco Multi AssetPairCorr
  0.93SWCGX Schwab MarkettrackPairCorr

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.

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