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.
First |
Moving together with First Mutual Fund
0.89 | FBBYX | First Foundation Total | PairCorr |
0.95 | FFBYX | First Foundation Fixed | PairCorr |
0.62 | PTTRX | Total Return | PairCorr |
0.62 | FIWGX | Strategic Advisers | PairCorr |
0.7 | PCF | Putnam High Income | PairCorr |
0.89 | FHAUX | Fidelity Freedom Blend | PairCorr |
0.91 | SMAVX | Ultra Short Term | PairCorr |
0.89 | LCBDX | Clearbridge Tactical | PairCorr |
0.61 | RDITX | American Funds 2050 | PairCorr |
0.85 | IAALX | Transamerica Asset | PairCorr |
0.64 | LBLAX | Thrivent Limited Maturity | PairCorr |
0.84 | AADWX | American Century One | PairCorr |
0.81 | VCIEX | International Equities | PairCorr |
0.9 | SAFEX | Weitz Ultra Short | PairCorr |
0.88 | HCKSX | Hartford Checks | PairCorr |
Moving against First Mutual Fund
Related Correlations Analysis
0.88 | 0.85 | 0.91 | 0.9 | 0.98 | GRHAX | ||
0.88 | 0.7 | 0.91 | 0.85 | 0.88 | ICBAX | ||
0.85 | 0.7 | 0.77 | 0.7 | 0.88 | XGNTX | ||
0.91 | 0.91 | 0.77 | 0.96 | 0.89 | SEPIX | ||
0.9 | 0.85 | 0.7 | 0.96 | 0.85 | PEO | ||
0.98 | 0.88 | 0.88 | 0.89 | 0.85 | 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 | 2.17 | 5.23 | |||
ICBAX | 0.93 | 0.06 | 0.06 | 0.26 | 0.75 | 2.09 | 5.13 | |||
XGNTX | 0.53 | 0.09 | (0.17) | (1.39) | 0.57 | 1.19 | 3.42 | |||
SEPIX | 0.74 | 0.04 | (0.10) | 0.31 | 0.66 | 1.41 | 3.53 | |||
PEO | 0.80 | 0.10 | (0.07) | 0.69 | 0.79 | 1.71 | 4.13 | |||
PSPFX | 0.68 | 0.29 | 0.05 | (0.94) | 0.25 | 1.84 | 3.42 |