Floating Rate Correlations

Mutual Funds . USA . 
Fund . Floating Rate Fund
LRRRX Fund  USD 8.02  0.01  0.12%   
The current 90-days correlation between Floating Rate and T Rowe Price is 0.13 (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

Poor diversification

The correlation between Floating Rate Fund and DJI is 0.7 (i.e., Poor 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

  0.73LFSFX Lord Abbett FocusedPairCorr
  0.97LFRRX Lord Abbett InvPairCorr
  0.95LFROX Lord Abbett FloatingPairCorr
  0.73LFVAX Lord Abbett FocusedPairCorr
  0.81LGRFX Lord Abbett InvestmentPairCorr
  0.81LGRUX Lord Abbett InvestmentPairCorr
  0.82LHYOX Lord Abbett HighPairCorr
  0.64LICFX Lord Abbett InternationalPairCorr
  0.68LIGFX Lord Abbett DiversifiedPairCorr
  0.61LIFAX Lord Abbett InflationPairCorr
  0.64LIFVX Lord Abbett InflationPairCorr
  0.61LIRRX Lord Abbett InternationalPairCorr
  0.67LIXVX Lord Abbett MultiPairCorr
  0.75LLDYX Lord Abbett ShortPairCorr
  0.77GILAX Lord Abbett FundamentalPairCorr
  0.71LMCTX Lord Abbett MidPairCorr
  0.71LMCRX Lord Abbett MidPairCorr
  0.7BFLAX Lord Abbett BalancedPairCorr
  0.78LMIYX Lord Abbett MicroPairCorr
  0.73LMVOX Lord Abbett FocusedPairCorr
  0.73LMVYX Lord Abbett MicroPairCorr
  0.7LOBFX Lord Abbett MultiPairCorr
  0.77LOMGX Lord Abbett GrowthPairCorr
  0.61LOLDX Lord Abbett ShortPairCorr
  0.72LQFLX 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY