Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRRX Fund  USD 8.06  0.00  0.00%   
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 Fund and DJI is 0.28 (i.e., Modest 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 real.

Moving together with Floating Mutual Fund

  0.82ELMFX Lord Abbett TrustPairCorr
  0.83ELMCX Lord Abbett TrustPairCorr
  0.66LGLSX L Abbett GrowthPairCorr
  0.89LRRKX Floating RatePairCorr
  0.81LACFX Lord Abbett VertiblePairCorr
  0.75LAIIX Lord Abbett IntermediatePairCorr
  0.71LBCQX Lord Abbett VertiblePairCorr
  0.81LBDFX Lord Abbett BondPairCorr
  0.85LSYNX Lord Abbett ShortPairCorr
  0.77LCDIX Lord Abbett EmergingPairCorr
  0.61LCFYX Lord Abbett ConvertiblePairCorr
  0.71CALAX Lord Abbett CaliforniaPairCorr
  0.85OOSIX Oppenheimer SeniorPairCorr
  0.95LFRIX Floating RatePairCorr
  0.99LARCX Floating RatePairCorr
  0.94LFRRX Lord Abbett InvPairCorr
  0.95LFRFX Floating RatePairCorr
  0.91LRRTX Floating RatePairCorr
  0.99LRRVX Floating RatePairCorr
  0.75DXQLX Direxion Monthly NasdaqPairCorr
  0.8RYVLX Nasdaq 100 2xPairCorr
  0.75RYVYX Nasdaq 100 2xPairCorr
  0.75UOPIX Ultra Nasdaq 100PairCorr
  0.65RYCCX Nasdaq 100 2xPairCorr
  0.64UOPSX Ultranasdaq 100 ProfundPairCorr

Moving against Floating Mutual Fund

  0.45LRSCX Small Cap ValuePairCorr
  0.45LRSOX Lord Abbett SmallPairCorr
  0.41LFSFX Lord Abbett FocusedPairCorr

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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