Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LFRFX Fund  USD 8.04  0.01  0.12%   
The current 90-days correlation between Floating Rate and Allianzgi Convertible Income 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.
  
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 price.

Moving together with Floating Mutual Fund

  0.86ELMFX Lord Abbett TrustPairCorr
  0.86ELMCX Lord Abbett TrustPairCorr
  0.95LFRAX Floating RatePairCorr
  1.0LFRIX Floating RatePairCorr
  1.0LFRRX Lord Abbett InvPairCorr
  0.96LFROX Lord Abbett FloatingPairCorr
  0.82HYMOX Lord Abbett HighPairCorr
  0.92HYMQX Lord Abbett ShortPairCorr
  0.84HYMAX Lord Abbett HighPairCorr
  0.83HYMCX Lord Abbett HighPairCorr
  0.82HYMFX Lord Abbett HighPairCorr
  0.82HYMIX Lord Abbett HighPairCorr
  0.82LGCAX Lord Abbett GlobalPairCorr
  0.82LGCFX Lord Abbett GlobalPairCorr
  0.81LGCCX Lord Abbett GlobalPairCorr
  0.82LGCRX Lord Abbett GlobalPairCorr
  0.82LGCOX Lord Abbett GlobalPairCorr
  0.82LGCVX Lord Abbett GlobalPairCorr
  0.82LGCSX Lord Abbett GlobalPairCorr
  0.82LGCYX Lord Abbett GlobalPairCorr
  0.82LGCWX Lord Abbett GlobalPairCorr
  0.87LGLCX Lord Abbett GrowthPairCorr
  0.87LGLAX Lord Abbett GrowthPairCorr
  0.87LGLFX Lord Abbett GrowthPairCorr
  0.87LGLIX Lord Abbett GrowthPairCorr
  0.87LGLOX Lord Abbett GrowthPairCorr
  0.87LGLSX L Abbett GrowthPairCorr
  0.87LGLQX Lord Abbett GrowthPairCorr
  0.87LGLRX Lord Abbett GrowthPairCorr
  0.87LGLUX L Abbett GrowthPairCorr
  0.87LGLVX L Abbett GrowthPairCorr
  0.86EMILX Lord Abbett EmergingPairCorr
  0.89LGOFX Lord Abbett GrowthPairCorr
  0.89LGOQX Lord Abbett GrowthPairCorr
  0.89LGORX Lord Abbett GrowthPairCorr
  0.89LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis


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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