Power Floating Correlations

FLOCX Fund

USD 9.63 0.01 0.10%

The current 90-days correlation between Power Floating Rate and Power Global Tactical is 0.4 (i.e., Very weak 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

Weak diversification

The correlation between Power Floating Rate and DJI is 0.37 (i.e., 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 main economic indicators.

Moving together with Power Mutual Fund

0.83	GLACX	Power Global Tactical	Pair Corr
1.0	FLOAX	Power Floating Rate	Pair Corr
0.75	JSORX	Jpmorgan Strategic Income	Pair Corr
0.76	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.73	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.72	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.74	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.9	NICSX	Nicholas Fund	Pair Corr
0.81	JCE	Nuveen Core Equity	Pair Corr
0.89	USA	Liberty All Star	Pair Corr
0.78	TWQAX	Transamerica Large Cap	Pair Corr
0.65	MKCPX	Blackrock Balanced	Pair Corr
0.89	DUSLX	Dfa Large	Pair Corr
0.96	FGCKX	Fidelity Growth Pany	Pair Corr
0.78	QBNAX	Pear Tree Polaris Potential Growth	Pair Corr
0.87	HSPCX	Emerald Growth	Pair Corr
0.93	HACAX	Harbor Capital Appre	Pair Corr
0.86	FOCKX	Fidelity Otc Portfolio	Pair Corr
0.9	CILGX	Clarkston Fund Insti	Pair Corr
0.78	FESMX	First Eagle Smid	Pair Corr
0.95	VIGAX	Vanguard Growth Index	Pair Corr
0.85	ARGFX	Ariel Fund Investor	Pair Corr
0.76	FCMVX	Fidelity Mid Cap	Pair Corr

Moving against Power Mutual Fund

0.67	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.38	BSICX	Blackrock Strategic Opps	Pair Corr
0.56	VGTSX	Vanguard Total Inter	Pair Corr
0.56	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	GLACX	FLOCX	FLOAX	CUBA	VFINX	RNGHX	VVIAX	LPRNX	VMCIX	RNGEX
GLACX		0.83	0.84	0.66	0.93	0.86	0.94	0.69	0.97	0.86	GLACX
FLOCX	0.83		1.0	0.82	0.94	0.89	0.72	0.43	0.9	0.89	FLOCX
FLOAX	0.84	1.0		0.83	0.94	0.88	0.72	0.4	0.91	0.88	FLOAX
CUBA	0.66	0.82	0.83		0.81	0.8	0.62	0.12	0.76	0.8	CUBA
VFINX	0.93	0.94	0.94	0.81		0.94	0.83	0.58	0.97	0.94	VFINX
RNGHX	0.86	0.89	0.88	0.8	0.94		0.74	0.62	0.86	1.0	RNGHX
VVIAX	0.94	0.72	0.72	0.62	0.83	0.74		0.54	0.91	0.74	VVIAX
LPRNX	0.69	0.43	0.4	0.12	0.58	0.62	0.54		0.54	0.62	LPRNX
VMCIX	0.97	0.9	0.91	0.76	0.97	0.86	0.91	0.54		0.86	VMCIX
RNGEX	0.86	0.89	0.88	0.8	0.94	1.0	0.74	0.62	0.86		RNGEX
	GLACX	FLOCX	FLOAX	CUBA	VFINX	RNGHX	VVIAX	LPRNX	VMCIX	RNGEX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLACX	0.25	0.00	(0.20)	0.09	0.11	(0.34)	0.65	(0.46)	1.47
FLOCX	0.05	0.01	0.00	0.53	0.00	0.00	0.11	0.00	0.31
FLOAX	0.05	0.02	0.00	0.80	0.00	0.00	0.10	(0.10)	0.30
CUBA	0.80	0.09	0.04	0.24	0.92	(0.95)	1.72	(1.63)	5.56
VFINX	0.47	0.05	0.04	0.16	0.43	(0.50)	0.97	(0.93)	3.84
RNGHX	0.60	0.05	0.04	0.16	0.68	(0.65)	1.40	(1.15)	4.01
VVIAX	0.48	(0.03)	(0.10)	0.06	0.38	(0.60)	1.01	(0.69)	3.45
LPRNX	0.32	(0.01)	(0.17)	0.05	0.34	(0.37)	0.78	(0.64)	2.15
VMCIX	0.53	0.05	0.06	0.15	0.36	(0.63)	1.31	(0.94)	3.67
RNGEX	0.60	0.05	0.04	0.15	0.68	(0.65)	1.38	(1.16)	4.00

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