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.
First |
Moving together with First Mutual Fund
0.99 | FBBYX | First Foundation Total | PairCorr |
0.88 | FFBAX | First Foundation Fixed | PairCorr |
0.86 | FFBYX | First Foundation Fixed | PairCorr |
0.98 | FFIFX | American Funds | PairCorr |
0.98 | FAIFX | American Funds | PairCorr |
0.98 | IFACX | Income Fund | PairCorr |
0.98 | IFAFX | Income Fund | PairCorr |
0.98 | AMECX | Income Fund | PairCorr |
0.98 | RIDBX | Income Fund | PairCorr |
0.98 | CIMEX | Income Fund | PairCorr |
0.99 | RIDFX | Income Fund | PairCorr |
0.98 | CIMCX | Income Fund | PairCorr |
0.98 | CIMFX | Income Fund | PairCorr |
0.68 | RYMEX | Commodities Strategy | PairCorr |
0.69 | RYMJX | Commodities Strategy | PairCorr |
0.68 | RYMBX | Commodities Strategy | PairCorr |
0.84 | BRUFX | Bruce Fund Bruce | PairCorr |
0.97 | SPGSX | State Street Premier | PairCorr |
0.94 | KF | Korea Closed | PairCorr |
0.97 | PXTNX | Pimco Rae Plus | PairCorr |
0.92 | LMNSX | Clearbridge Small Cap | PairCorr |
0.94 | OCHIX | Oberweis China Oppor | PairCorr |
0.99 | BEMRX | Brandes Emerging Markets | PairCorr |
0.8 | COTCX | Aquila Tax Free | PairCorr |
0.94 | TWCCX | Ultra Fund C | PairCorr |
0.95 | LVOFX | Lord Abbett Value | PairCorr |
0.97 | LEKIX | Blackrock Lifepath Esg | PairCorr |
0.93 | BTFAX | Bts Tactical Fixed | PairCorr |
0.92 | TRWRX | Transamerica Intl Equity | PairCorr |
0.99 | FAASX | Fidelity Asset Manager | PairCorr |
0.97 | AMPFX | Amcap Fund Class | PairCorr |
0.97 | PASCX | All Asset Fund | PairCorr |
0.98 | FRBLX | Fidelity Advisor Freedom | PairCorr |
0.88 | CTAGX | Calamos Timpani Smid | PairCorr |
0.95 | MENIX | Madison Funds | PairCorr |
0.95 | DIEAX | Dreyfus International | PairCorr |
0.95 | REQTX | Us Defensive Equity | PairCorr |
0.95 | RTSSX | Tax Managed Mid | PairCorr |
Related Correlations Analysis
0.96 | 0.97 | 0.98 | 0.97 | 0.98 | 0.96 | GMLVX | ||
0.96 | 0.99 | 0.99 | 0.99 | 0.98 | 1.0 | AMONX | ||
0.97 | 0.99 | 0.98 | 1.0 | 0.98 | 1.0 | OWLSX | ||
0.98 | 0.99 | 0.98 | 0.98 | 1.0 | 0.98 | MTCGX | ||
0.97 | 0.99 | 1.0 | 0.98 | 0.98 | 1.0 | ENGRX | ||
0.98 | 0.98 | 0.98 | 1.0 | 0.98 | 0.98 | PTEZX | ||
0.96 | 1.0 | 1.0 | 0.98 | 1.0 | 0.98 | BALGX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GMLVX | 0.49 | 0.20 | 0.15 | 0.68 | 0.00 | 1.55 | 4.06 | |||
AMONX | 0.73 | 0.29 | 0.10 | (2.66) | 0.56 | 2.22 | 4.88 | |||
OWLSX | 0.48 | 0.21 | 0.05 | (3.97) | 0.24 | 1.45 | 3.37 | |||
MTCGX | 0.84 | 0.17 | 0.19 | 0.33 | 0.43 | 2.40 | 6.22 | |||
ENGRX | 0.34 | 0.15 | (0.06) | (1.22) | 0.21 | 0.99 | 3.10 | |||
PTEZX | 0.64 | 0.12 | 0.13 | 0.30 | 0.34 | 2.11 | 5.32 | |||
BALGX | 0.82 | 0.32 | 0.12 | (1.76) | 0.68 | 2.27 | 5.98 |