Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRTX Fund  USD 8.09  0.00  0.00%   
The current 90-days correlation between Floating Rate and Federated Institutional High is 0.4 (i.e., Very weak 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 0.33 (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 estimate.

Moving together with Floating Mutual Fund

  0.95ELMFX Lord Abbett TrustPairCorr
  0.95ELMCX Lord Abbett TrustPairCorr
  0.93LFSFX Lord Abbett FocusedPairCorr
  1.0LFRAX Floating RatePairCorr
  1.0LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  1.0LFROX Lord Abbett FloatingPairCorr
  0.93LFVAX Lord Abbett FocusedPairCorr
  0.93LFVCX Lord Abbett FocusedPairCorr
  0.85HYMQX Lord Abbett ShortPairCorr
  0.97LGCAX Lord Abbett GlobalPairCorr
  0.95LGCFX Lord Abbett GlobalPairCorr
  0.95LGCCX Lord Abbett GlobalPairCorr
  0.95LGCRX Lord Abbett GlobalPairCorr
  0.95LGCOX Lord Abbett GlobalPairCorr
  0.95LGCVX Lord Abbett GlobalPairCorr
  0.95LGCSX Lord Abbett GlobalPairCorr
  0.95LGCYX Lord Abbett GlobalPairCorr
  0.95LGCWX Lord Abbett GlobalPairCorr
  0.97LGLCX Lord Abbett GrowthPairCorr
  0.97LGLAX Lord Abbett GrowthPairCorr
  0.95LGLFX Lord Abbett GrowthPairCorr
  0.95LGLIX Lord Abbett GrowthPairCorr
  0.95LGLOX Lord Abbett GrowthPairCorr
  0.95LGLSX L Abbett GrowthPairCorr
  0.95LGLQX Lord Abbett GrowthPairCorr
  0.95LGLRX Lord Abbett GrowthPairCorr
  0.95LGLUX L Abbett GrowthPairCorr
  0.95LGLVX L Abbett GrowthPairCorr
  0.95EMILX Lord Abbett EmergingPairCorr
  0.94LGOFX Lord Abbett GrowthPairCorr
  0.94LGOQX Lord Abbett GrowthPairCorr
  0.94LGORX Lord Abbett GrowthPairCorr
  0.94LGOPX Lord Abbett GrowthPairCorr

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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