Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Income
JFIRX Fund  USD 7.31  0.01  0.14%   
The current 90-days correlation between Floating Rate Income and Ishares Municipal Bond is 0.1 (i.e., Average 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

Average diversification

The correlation between Floating Rate Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floating Rate Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Floating Rate Income. 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 against Floating Mutual Fund

  0.38JRLHX Retirement Living ThroughPairCorr
  0.37JRLDX Retirement Living ThroughPairCorr
  0.37JRLFX Multi Index 2010PairCorr
  0.35JRLIX Retirement Living ThroughPairCorr
  0.35JRLKX Multi Index 2015PairCorr
  0.35JRLLX Retirement Living ThroughPairCorr
  0.33JRLOX Retirement Living ThroughPairCorr
  0.43JAAIX Alternative AssetPairCorr
  0.43JAAPX Alternative AssetPairCorr
  0.42JAARX Alternative AssetPairCorr
  0.33JRLPX Multi Index 2020PairCorr
  0.33JRTAX Retirement Living ThroughPairCorr
  0.32JRTDX Multi Index 2025PairCorr
  0.31JRTBX Retirement Living ThroughPairCorr
  0.66JABFX Jhancock Real EstatePairCorr
  0.42JAASX Alternative AssetPairCorr
  0.31JRTFX Retirement Living ThroughPairCorr

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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