First Foundation Correlations

Mutual Funds . USA . 
Fund . First Foundation Fixed
FFBAX Fund  USD 11.27  0.03  0.27%   
The current 90-days correlation between First Foundation Fixed and The National Tax Free 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

Significant diversification

The correlation between First Foundation Fixed and DJI is 0.07 (i.e., Significant 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

  0.91MWTNX Metropolitan West TotalPairCorr
  0.65MWTSX Metropolitan West TotalPairCorr
  0.86PTTPX Pimco Total ReturnPairCorr
  0.93PTRRX Total ReturnPairCorr
  0.93PTRAX Total ReturnPairCorr
  0.95PTTRX Total ReturnPairCorr
  0.87FIWGX Strategic AdvisersPairCorr
  0.95DODIX Dodge IncomePairCorr
  0.83MWTIX Metropolitan West TotalPairCorr
  0.84MWTRX Metropolitan West TotalPairCorr
  0.67RYMEX Commodities StrategyPairCorr
  0.66RYMJX Commodities StrategyPairCorr
  0.77BRUFX Bruce Fund BrucePairCorr
  0.71SPGSX State Street PremierPairCorr
  0.91KF Korea ClosedPairCorr
  0.71FSPGX Fidelity Large CapPairCorr
  0.83AORHX One Choice PortfolioPairCorr
  0.72FSGEX Fidelity Series GlobalPairCorr
  0.82CGQGX American Funds GrowthPairCorr
  0.78COMVX Comstock Capital ValuePairCorr
  0.66FSPSX Fidelity InternationalPairCorr
  0.82BNGLX Ubs Global AllocationPairCorr
  0.8FBCEX FbcexPairCorr
  0.75REITX American Funds 2050PairCorr
  0.64OSCNX Oppenheimer Main StreetPairCorr
  0.9NPSRX Nuveen Preferred SecPairCorr
  0.81RELSX Equity Growth StrategyPairCorr
  0.8FCFMX Fidelity Series TotalPairCorr
  0.79JSRSX Jpmorgan SmartretirementPairCorr
  0.84DGEFX Destinations EquityPairCorr
  0.98MWISX Metropolitan WestPairCorr
  0.8CPLSX Calamos Phineus LongshortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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