Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Income
JFIRX Fund  USD 7.61  0.01  0.13%   
The current 90-days correlation between Floating Rate Income and Black Oak Emerging is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Floating Rate Income and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floating Rate Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Floating Rate Income. 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 metropolitan statistical area.

Moving together with Floating Mutual Fund

  0.64FRBAX Regional BankPairCorr
  0.64FRBCX Regional BankPairCorr
  0.73JQLMX Multimanager LifestylePairCorr
  0.73JQLBX Multimanager LifestylePairCorr
  0.72JQLAX Multimanager LifestylePairCorr
  0.72JQLCX Multimanager LifestylePairCorr
  0.72JQLGX Multimanager LifestylePairCorr
  0.64JRBFX Regional BankPairCorr
  0.73JRETX J Hancock IiPairCorr
  0.64JRGRX Regional BankPairCorr
  0.72JRLDX Retirement Living ThroughPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.72JRLIX Retirement Living ThroughPairCorr
  0.72JRLHX Retirement Living ThroughPairCorr
  0.72JRLKX Multi Index 2015PairCorr
  0.72JRLLX Retirement Living ThroughPairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.97JRLPX Multi Index 2020PairCorr
  0.73JRLUX Multi Index 2045PairCorr
  0.73JRLWX Retirement Living ThroughPairCorr
  0.73JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  0.73JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.73JAAJX Jhancock Multi IndexPairCorr
  0.73JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.72JRTBX Retirement Living ThroughPairCorr
  0.72JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.73JRTGX Retirement Living ThroughPairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.73JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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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