Floating Rate Financials
| LFRIX Fund | USD 8.18 0.00 0.00% |
Floating |
Please note that past performance is not an indicator of the future performance of Floating Rate, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Floating Rate Fund Summary
Floating Rate competes with Lord Abbett, Lord Abbett, Lord Abbett, Floating Rate, and 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.Specialization | Bank Loan, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US5439161341 |
| Business Address | Lord Abbett Investment |
| Mutual Fund Family | Lord Abbett |
| Mutual Fund Category | Bank Loan |
| Benchmark | NYSE Composite |
| Phone | 888 522 2388 |
| Currency | USD - US Dollar |
You should never invest in Floating Rate Fund without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Floating Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Floating Rate's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Floating Rate Key Financial Ratios
Generally speaking, Floating Rate's financial ratios allow both analysts and investors to convert raw data from Floating Rate's financial statements into concise, actionable information that can be used to evaluate the performance of Floating Rate over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Floating Rate reports annually and quarterly.Floating Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Floating Rate's current stock value. Our valuation model uses many indicators to compare Floating Rate value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Floating Rate competition to find correlations between indicators driving Floating Rate's intrinsic value. More Info.Floating Rate Fund is number one fund in annual yield among similar funds. It is rated below average in year to date return among similar funds creating about 702.00 of Year To Date Return per Annual Yield. Comparative valuation analysis is a catch-all model that can be used if you cannot value Floating Rate by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Floating Rate's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Floating Rate's earnings, one of the primary drivers of an investment's value.Floating Rate Systematic Risk
Floating Rate's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Floating Rate volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Floating Rate correlated with the market. If Beta is less than 0 Floating Rate generally moves in the opposite direction as compared to the market. If Floating Rate Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Floating Rate is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Floating Rate is generally in the same direction as the market. If Beta > 1 Floating Rate moves generally in the same direction as, but more than the movement of the benchmark.
Floating Rate April 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Floating Rate help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Floating Rate Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Floating Rate Fund based on widely used predictive technical indicators. In general, we focus on analyzing Floating Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Floating Rate's daily price indicators and compare them against related drivers.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 0.8693 | |||
| Potential Upside | 0.1247 |
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 gross domestic product. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.