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

  0.89FBBYX First Foundation TotalPairCorr
  0.95FFBYX First Foundation FixedPairCorr
  0.62PTTRX Total ReturnPairCorr
  0.62FIWGX Strategic AdvisersPairCorr
  0.7PCF Putnam High IncomePairCorr
  0.89FHAUX Fidelity Freedom BlendPairCorr
  0.91SMAVX Ultra Short TermPairCorr
  0.89LCBDX Clearbridge TacticalPairCorr
  0.61RDITX American Funds 2050PairCorr
  0.85IAALX Transamerica AssetPairCorr
  0.64LBLAX Thrivent Limited MaturityPairCorr
  0.84AADWX American Century OnePairCorr
  0.81VCIEX International EquitiesPairCorr
  0.9SAFEX Weitz Ultra ShortPairCorr
  0.88HCKSX Hartford ChecksPairCorr

Moving against First Mutual Fund

  0.64XPPRX Voya Prime RatePairCorr

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.