Floating Rate Fund Price on April 30, 2020
| LFRAX Fund | USD 8.16 0.01 0.12% |
Below is the normalized historical share price chart for Floating Rate Fund extending back to December 17, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Floating Rate stands at 8.16, as last reported on the 18th of April 2024, with the highest price reaching 8.16 and the lowest price hitting 8.16 during the day.
If you're considering investing in Floating Mutual Fund, it is important to understand the factors that can impact its price. We consider Floating Rate very steady. Floating Rate secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Floating Rate Fund, which you can use to evaluate the volatility of the entity. Please confirm Floating Rate's Standard Deviation of 0.1564, mean deviation of 0.0773, and Variance of 0.0244 to check if the risk estimate we provide is consistent with the expected return of 0.0375%.
Floating Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Floating |
Sharpe Ratio = 0.2365
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | LFRAX |
Estimated Market Risk
| 0.16 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Floating Rate is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Floating Rate by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Floating Rate Mutual Fund history
Floating Rate investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Floating is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Floating Rate stock prices may prove useful in developing a viable investing in Floating Rate
Under normal conditions, the fund pursues its investment objective by investing at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the fund to achieve a floating rate of income. It may invest up to 20 percent of its net assets in other types of debt securities and short-term instruments.
Floating Rate Mutual Fund Technical Analysis
Floating Rate technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Floating Rate Period Price Range
Floating Rate April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Floating Rate mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Floating Rate shares will generate the highest return on investment. By undertsting and applying Floating Rate mutual fund market strength indicators, traders can identify Floating Rate Fund entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.16 | |||
| Day Typical Price | 8.16 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 75.66 |
Floating Rate Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Floating Rate's price direction in advance. Along with the technical and fundamental analysis of Floating Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Floating to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.0238 | |||
| Total Risk Alpha | 0.0126 | |||
| Treynor Ratio | 8.86 |
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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 tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Floating Rate information on this page should be used as a complementary analysis to other Floating Rate's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.