Power Floating Correlations

FLOAX Fund

USD 9.95 0.02 0.20%

The current 90-days correlation between Power Floating Rate and Ab Bond Inflation is -0.06 (i.e., Good 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

Very weak diversification

The correlation between Power Floating Rate and DJI is 0.49 (i.e., Very weak 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

0.98	FLOCX	Power Floating Rate	Pair Corr
0.64	BSIKX	Blackrock Strategic	Pair Corr
0.65	BSICX	Blackrock Strategic Opps	Pair Corr
0.68	BASIX	Blackrock Strategic Opps	Pair Corr
0.68	BSIIX	Blackrock Strategic	Pair Corr
0.91	JSORX	Jpmorgan Strategic Income	Pair Corr
0.91	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.9	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.91	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.9	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.82	DFIVX	Dfa International Value	Pair Corr
0.66	TWAIX	Thrivent Partner Wor	Pair Corr
0.66	FOSFX	Fidelity Overseas	Pair Corr
0.75	RTEHX	American High Income	Pair Corr
0.79	QNZNX	Aqr Sustainable Long	Pair Corr
0.77	MSHDX	High Yield Portfolio	Pair Corr
0.7	TIIEX	Tiaa Cref International	Pair Corr
0.93	MIXAX	Mainstay Indexed Bond	Pair Corr
0.81	UGSDX	Us Government Securities	Pair Corr
0.83	BLDPX	Blackrock Low Duration	Pair Corr
0.91	PAIAX	Pimco Short Asset	Pair Corr
0.88	GMOIX	Gmo International Equity	Pair Corr
0.91	CMIFX	Calvert Large Cap	Pair Corr

Moving against Power Mutual Fund

0.52	PQTAX	Pimco Trends Managed	Pair Corr
0.56	PQTNX	Pimco Trends Managed	Pair Corr
0.52	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	ABNYX	QCILIX	NWXNX	ANBIX	APISX	ABNCX
ABNYX		1.0	0.96	1.0	0.93	0.98	ABNYX
QCILIX	1.0		0.96	1.0	0.93	0.97	QCILIX
NWXNX	0.96	0.96		0.96	0.81	0.94	NWXNX
ANBIX	1.0	1.0	0.96		0.93	0.97	ANBIX
APISX	0.93	0.93	0.81	0.93		0.94	APISX
ABNCX	0.98	0.97	0.94	0.97	0.94		ABNCX
	ABNYX	QCILIX	NWXNX	ANBIX	APISX	ABNCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNYX	0.15	0.03	0.57	(0.55)	(0.19)	0.29	(0.29)	0.87
QCILIX	0.14	0.03	0.67	(0.57)	(0.16)	0.32	(0.27)	0.91
NWXNX	0.21	0.03	0.48	(0.45)	(0.30)	0.45	(0.34)	1.13
ANBIX	0.15	0.03	0.54	(0.70)	(0.20)	0.38	(0.29)	0.98
APISX	0.10	0.03	0.75	0.80	(0.14)	0.19	(0.10)	0.58
ABNCX	0.15	0.03	0.56	0.40	(0.19)	0.30	(0.30)	0.90

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