Shenkman Floating Correlations

Mutual Funds . USA . 
Fund . Shenkman Floating Rate
SFHIX Fund  USD 9.20  0.01  0.11%   
The correlation of Shenkman 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.

Shenkman Floating Correlation With Market

Significant diversification

The correlation between Shenkman Floating Rate and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenkman Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shenkman 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 gross domestic product.

Moving together with Shenkman Mutual Fund

  0.9SCFAX Shenkman Short DurationPairCorr
  0.83SCFCX Shenkman Short DurationPairCorr
  0.92SCFIX Shenkman Short DurationPairCorr
  0.9SCFFX Shenkman Short DurationPairCorr
  0.98SFHFX Shenkman Floating RatePairCorr
  0.85OOSYX Oppenheimer SeniorPairCorr
  0.85OOSIX Oppenheimer SeniorPairCorr
  0.95LFRIX Floating RatePairCorr
  0.92LARCX Floating RatePairCorr
  0.95LFRRX Lord Abbett InvPairCorr
  0.95LFRFX Floating RatePairCorr
  0.93LRRRX Floating RatePairCorr
  0.95LRRTX Floating RatePairCorr
  0.95LRRVX Floating RatePairCorr
  0.94LRRKX Floating RatePairCorr
  0.91DOXGX Dodge Cox StockPairCorr
  0.71JILGX Multimanager LifestylePairCorr
  0.86DFMAX Davidson Multi CapPairCorr
  0.92ADX Adams Diversified EquityPairCorr
  0.7NSBFX Nuveen Santa BarbaraPairCorr
  0.85PSDTX Putnam Short DurationPairCorr
  0.74GAB Gabelli Equity TrustPairCorr
  0.85FLTTX Wisdomtree Floating RatePairCorr
  0.87PRWAX T Rowe PricePairCorr
  0.85JEPIX Jpmorgan Equity PremiumPairCorr

Moving against Shenkman Mutual Fund

  0.59BXECX Barings Emerging MarketsPairCorr
  0.91HLDCX Hartford EmergingPairCorr
  0.9HLDIX Hartford EmergingPairCorr
  0.9HLDRX Hartford EmergingPairCorr
  0.9HLDAX Hartford EmergingPairCorr
  0.88HLDTX Hartford EmergingPairCorr
  0.57BXEIX Barings Emerging MarketsPairCorr
  0.57BXEAX Barings Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Shenkman Mutual Fund performing well and Shenkman 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 Shenkman 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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY