Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LARCX Fund  USD 8.10  0.01  0.12%   
The current 90-days correlation between Floating Rate and Delaware Healthcare Fund is 0.24 (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

Weak diversification

The correlation between Floating Rate Fund and DJI is 0.37 (i.e., Weak 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 main economic indicators.

Moving together with Floating Mutual Fund

  0.98ELMFX Lord Abbett TrustPairCorr
  0.97ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX Lord Abbett FocusedPairCorr
  1.0LFRAX Floating RatePairCorr
  1.0LFRFX Floating RatePairCorr
  1.0LFRIX Floating RatePairCorr
  1.0LFRRX Lord Abbett InvPairCorr
  1.0LFROX Lord Abbett FloatingPairCorr
  0.95LFVAX Lord Abbett FocusedPairCorr
  0.95LFVCX Lord Abbett FocusedPairCorr
  0.92HYMQX Lord Abbett ShortPairCorr
  0.98LGCAX Lord Abbett GlobalPairCorr
  0.98LGCFX Lord Abbett GlobalPairCorr
  0.98LGCCX Lord Abbett GlobalPairCorr
  0.98LGCRX Lord Abbett GlobalPairCorr
  0.98LGCOX Lord Abbett GlobalPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.98LGCYX Lord Abbett GlobalPairCorr
  0.98LGCWX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.99LGLAX Lord Abbett GrowthPairCorr
  0.99LGLFX Lord Abbett GrowthPairCorr
  0.99LGLIX Lord Abbett GrowthPairCorr
  0.99LGLOX Lord Abbett GrowthPairCorr
  0.99LGLSX L Abbett GrowthPairCorr
  0.99LGLQX Lord Abbett GrowthPairCorr
  0.99LGLRX Lord Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  0.98EMILX Lord Abbett EmergingPairCorr
  0.96LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.96LGORX Lord Abbett GrowthPairCorr
  0.96LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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