Floating Rate Fund Price on June 30, 2021
| 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 Variance of 0.0244, standard deviation of 0.1564, and Mean Deviation of 0.0773 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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| 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.
Floating Rate Valuation on June 30, 2021
It is possible to determine the worth of Floating Rate on a given historical date. On June 30, 2021 Floating was worth 8.34 at the beginning of the trading date compared to the closed value of 7.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Floating Rate mutual fund. Still, in general, we apply an absolute valuation method to find Floating Rate's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Floating Rate where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Floating Rate's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 8.34 | 8.34 | 7.21 | 7.21 | 1.00 |
| 8.35 | 8.35 | 7.22 | 7.22 | 1.00 |
| Backtest Floating Rate | | | Floating Rate History | | | Floating Rate Valuation | Next |
Floating Rate Trading Date Momentum on June 30, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Floating Rate Fundamentals Correlations and Trends
By evaluating Floating Rate's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Floating Rate's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Floating financial account trend analysis is a perfect complement when working with valuation or volatility modules.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
Low | April 4, 2022
| High |
8.34 | 7.21 |
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
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.