Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRVX Fund  USD 8.09  0.01  0.12%   
The current 90-days correlation between Floating Rate and Pimco Inflation Response is -0.21 (i.e., Very good 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

Good diversification

The correlation between Floating Rate Fund and DJI is -0.1 (i.e., Good 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

  0.97ELMFX 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
  0.66HYMOX Lord Abbett HighPairCorr
  0.91HYMQX Lord Abbett ShortPairCorr
  0.66HYMIX Lord Abbett HighPairCorr
  0.79LGCAX Lord Abbett GlobalPairCorr
  0.98LGCFX Lord Abbett GlobalPairCorr
  0.79LGCCX Lord Abbett GlobalPairCorr
  0.79LGCRX Lord Abbett GlobalPairCorr
  0.79LGCOX Lord Abbett GlobalPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.79LGCYX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.99LGLAX Lord Abbett GrowthPairCorr
  0.99LGLIX Lord Abbett GrowthPairCorr
  0.99LGLOX Lord Abbett GrowthPairCorr
  0.77LGLSX L Abbett GrowthPairCorr
  0.99LGLQX Lord Abbett GrowthPairCorr
  0.77LGLRX Lord Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.98LGOFX Lord Abbett GrowthPairCorr
  0.98LGOQX Lord Abbett GrowthPairCorr
  0.98LGORX Lord Abbett GrowthPairCorr
  0.98LGOPX Lord Abbett GrowthPairCorr
  0.98LGOVX Lord Abbett GrowthPairCorr
  0.75LGOSX 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.

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