Power Floating Correlations

Mutual Funds . USA . 
Fund . Power Floating Rate
FLOAX Fund  USD 9.60  0.02  0.21%   
The current 90-days correlation between Power Floating Rate and Guidemark Large Cap is 0.17 (i.e., Average diversification). The correlation of Power Floating 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.

Power Floating Correlation With Market

Almost no diversification

The correlation between Power Floating Rate and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Power Floating Rate. 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 nation.

Moving together with Power Mutual Fund

  0.91GLACX Power Global TacticalPairCorr
  0.99FLOCX Power Floating RatePairCorr
  0.91BSICX Blackrock Strategic OppsPairCorr
  0.92BASIX Blackrock Strategic OppsPairCorr
  0.91BSIIX Blackrock StrategicPairCorr
  0.91BSIKX Blackrock StrategicPairCorr
  0.97JSORX Jpmorgan Strategic IncomePairCorr
  0.92PMZNX Pimco Mortgage OpporPairCorr
  0.92PMZCX Pimco Mortgage OpporPairCorr
  0.93PMZAX Pimco Mortgage OpporPairCorr
  0.97JSOZX Jpmorgan Strategic IncomePairCorr
  0.97JSOCX Jpmorgan Strategic IncomePairCorr
  0.76SMPIX Semiconductor UltrasectorPairCorr
  0.81SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.89PMPIX Precious Metals UltrPairCorr
  0.89PMPSX Precious Metals UltrPairCorr
  0.92FGADX Franklin Gold PreciousPairCorr
  0.92FGPMX Franklin Gold AndPairCorr
  0.91OCMGX Ocm Mutual FundPairCorr
  0.91INIYX International InvestorsPairCorr
  0.84FKRCX Franklin Gold PreciousPairCorr
  0.92OCMAX Ocm Mutual FundPairCorr
  0.92FADCX Fidelity Advisor DivPairCorr
  0.84FTTRX Templeton Global TotalPairCorr
  0.94NSCFX Nuveen Nwq SmallPairCorr
  0.93QFVRX Pear Tree PolarisPairCorr
  0.93SLDBX Siit Limited DurationPairCorr
  0.92FFSIX Fidelity Advisor FinPairCorr
  0.95SICNX Schwab InternationalPairCorr
  0.9NUGIX Nuveen Santa BarbaraPairCorr
  0.91IHIFX Ivy High IncomePairCorr
  0.86DSCGX Dfa SmallPairCorr
  0.84TMDIX Amg Timessquare MidPairCorr
  0.74TMUUX Municipal BondPairCorr
  0.9PIEQX T Rowe PricePairCorr
  0.91PRCNX T Rowe PricePairCorr
  0.87SRGCX Stringer GrowthPairCorr
  0.91ACMIX Absolute Capital DefenderPairCorr
  0.91XMDYX Mid Cap SpdrPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Power Mutual Fund performing well and Power Floating 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 Power Floating'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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