First Foundation Correlations

FBBYX Fund

USD 29.14 0.08 0.27%

The current 90-days correlation between First Foundation Total and Invesco Energy Fund is -0.19 (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.

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 manufacturing.

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

0.98	CIMCX	Income Fund	Pair Corr
0.62	SMPSX	Semiconductor Ultrasector	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	TREMX	T Rowe Price	Pair Corr
0.7	TTEEX	T Rowe Price	Pair Corr
0.62	MAUKX	Pioneer Multi Asset	Pair Corr
0.61	FISAX	Franklin Adjustable	Pair Corr
0.71	PWRIX	Power Income	Pair Corr
0.92	PMORX	Putnam Mortgage Oppo	Pair Corr
0.98	UPUPX	Upright Growth	Pair Corr
0.67	DFFGX	Dfa Short Term	Pair Corr
0.66	OTGAX	Otg Latin America	Pair Corr
0.62	DLCMX	Doubleline Strategic	Pair Corr

Related Correlations Analysis

	IEFCX	ICBAX	AIWEX	CAEIX	GRHAX	PEO	PNRCX
IEFCX		0.86	0.95	0.87	0.92	0.96	0.92	IEFCX
ICBAX	0.86		0.89	0.97	0.91	0.88	0.88	ICBAX
AIWEX	0.95	0.89		0.93	0.97	0.91	0.98	AIWEX
CAEIX	0.87	0.97	0.93		0.94	0.88	0.93	CAEIX
GRHAX	0.92	0.91	0.97	0.94		0.91	0.97	GRHAX
PEO	0.96	0.88	0.91	0.88	0.91		0.91	PEO
PNRCX	0.92	0.88	0.98	0.93	0.97	0.91		PNRCX
	IEFCX	ICBAX	AIWEX	CAEIX	GRHAX	PEO	PNRCX

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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
IEFCX	0.92	0.15	(0.07)	7.33	0.88	(1.06)	1.87	(1.53)	4.29
ICBAX	0.95	0.33	0.06	(2.38)	0.78	(1.08)	2.15	(1.75)	5.13
AIWEX	0.91	0.38	0.07	(1.40)	0.88	(1.06)	2.09	(1.65)	4.93
CAEIX	0.65	0.19	0.14	0.51	0.23	(0.85)	1.70	(1.05)	4.46
GRHAX	0.93	0.43	0.21	(2.94)	0.20	(1.17)	2.17	(0.96)	5.23
PEO	0.81	0.13	(0.01)	0.59	0.69	(0.92)	2.01	(1.51)	4.76
PNRCX	0.66	0.21	0.01	2.18	0.15	(0.79)	1.74	(0.87)	3.80

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First Foundation Correlations

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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