First Foundation Correlations

FFBAX Fund

USD 11.27 0.01 0.09%

The current 90-days correlation between First Foundation Fixed and Goehring Rozencwajg Resources is 0.16 (i.e., Average 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

Average diversification

The correlation between First Foundation Fixed and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Fixed 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 Fixed. 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

0.89	FBBYX	First Foundation Total	Pair Corr
0.95	FFBYX	First Foundation Fixed	Pair Corr
0.62	PTTRX	Total Return	Pair Corr
0.62	FIWGX	Strategic Advisers	Pair Corr
0.7	PCF	Putnam High Income	Pair Corr
0.89	FHAUX	Fidelity Freedom Blend	Pair Corr
0.91	SMAVX	Ultra Short Term	Pair Corr
0.89	LCBDX	Clearbridge Tactical	Pair Corr
0.61	RDITX	American Funds 2050	Pair Corr
0.85	IAALX	Transamerica Asset	Pair Corr
0.64	LBLAX	Thrivent Limited Maturity	Pair Corr
0.84	AADWX	American Century One	Pair Corr
0.81	VCIEX	International Equities	Pair Corr
0.9	SAFEX	Weitz Ultra Short	Pair Corr
0.88	HCKSX	Hartford Checks	Pair Corr

Moving against First Mutual Fund

0.64

XPPRX

Voya Prime Rate

Pair Corr

Related Correlations Analysis

	GRHAX	ICBAX	XGNTX	SEPIX	PEO	PSPFX
GRHAX		0.88	0.85	0.91	0.9	0.98	GRHAX
ICBAX	0.88		0.7	0.91	0.85	0.88	ICBAX
XGNTX	0.85	0.7		0.77	0.7	0.88	XGNTX
SEPIX	0.91	0.91	0.77		0.96	0.89	SEPIX
PEO	0.9	0.85	0.7	0.96		0.85	PEO
PSPFX	0.98	0.88	0.88	0.89	0.85		PSPFX
	GRHAX	ICBAX	XGNTX	SEPIX	PEO	PSPFX

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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
GRHAX	0.96	0.41	0.18	(1.33)	0.43	(1.21)	2.17	(1.37)	5.23
ICBAX	0.93	0.06	0.06	0.26	0.75	(1.05)	2.09	(1.67)	5.13
XGNTX	0.53	0.09	(0.17)	(1.39)	0.57	(0.60)	1.19	(1.03)	3.42
SEPIX	0.74	0.04	(0.10)	0.31	0.66	(0.84)	1.41	(1.35)	3.53
PEO	0.80	0.10	(0.07)	0.69	0.79	(0.89)	1.71	(1.51)	4.13
PSPFX	0.68	0.29	0.05	(0.94)	0.25	(0.93)	1.84	(1.03)	3.42

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