First Foundation Correlations

FBBAX Fund  USD 28.12  0.12  0.42%   
The current 90-days correlation between First Foundation Total and Guidemark Large Cap is -0.15 (i.e., Good diversification). The correlation of First Foundation 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.

First Foundation Correlation With Market

Good diversification

The correlation between First Foundation Total and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Total 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 First Foundation Total. 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 nation.
For more information on how to buy First Mutual Fund please use our How to Invest in First Foundation guide.

Moving together with First Mutual Fund

  0.99FBBYX First Foundation TotalPairCorr
  0.88FFBAX First Foundation FixedPairCorr
  0.86FFBYX First Foundation FixedPairCorr
  0.98FFIFX American FundsPairCorr
  0.98FAIFX American FundsPairCorr
  0.98IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr
  0.98AMECX Income FundPairCorr
  0.98RIDBX Income FundPairCorr
  0.98CIMEX Income FundPairCorr
  0.99RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.98CIMFX Income FundPairCorr
  0.68RYMEX Commodities StrategyPairCorr
  0.69RYMJX Commodities StrategyPairCorr
  0.68RYMBX Commodities StrategyPairCorr
  0.84BRUFX Bruce Fund BrucePairCorr
  0.97SPGSX State Street PremierPairCorr
  0.94KF Korea ClosedPairCorr
  0.97PXTNX Pimco Rae PlusPairCorr
  0.92LMNSX Clearbridge Small CapPairCorr
  0.94OCHIX Oberweis China OpporPairCorr
  0.99BEMRX Brandes Emerging MarketsPairCorr
  0.8COTCX Aquila Tax FreePairCorr
  0.94TWCCX Ultra Fund CPairCorr
  0.95LVOFX Lord Abbett ValuePairCorr
  0.97LEKIX Blackrock Lifepath EsgPairCorr
  0.93BTFAX Bts Tactical FixedPairCorr
  0.92TRWRX Transamerica Intl EquityPairCorr
  0.99FAASX Fidelity Asset ManagerPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.97PASCX All Asset FundPairCorr
  0.98FRBLX Fidelity Advisor FreedomPairCorr
  0.88CTAGX Calamos Timpani SmidPairCorr
  0.95MENIX Madison FundsPairCorr
  0.95DIEAX Dreyfus InternationalPairCorr
  0.95REQTX Us Defensive EquityPairCorr
  0.95RTSSX Tax Managed MidPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Foundation 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 First Foundation'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.