First Foundation Correlations
FFBYX Fund | USD 11.27 0.02 0.18% |
The current 90-days correlation between First Foundation Fixed and Qs Global Equity is -0.03 (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.
First |
Moving together with First Mutual Fund
0.61 | FBBAX | First Foundation Total | PairCorr |
0.64 | FBBYX | First Foundation Total | PairCorr |
0.7 | FFBAX | First Foundation Fixed | PairCorr |
0.75 | MWTNX | Metropolitan West Total | PairCorr |
0.75 | MWTSX | Metropolitan West Total | PairCorr |
0.75 | PTTPX | Pimco Total Return | PairCorr |
0.77 | PTRRX | Total Return | PairCorr |
0.76 | PTRAX | Total Return | PairCorr |
0.77 | PTTRX | Total Return | PairCorr |
0.75 | FIWGX | Strategic Advisers | PairCorr |
0.67 | DODIX | Dodge Income | PairCorr |
0.75 | MWTIX | Metropolitan West Total | PairCorr |
0.65 | MWTRX | Metropolitan West Total | PairCorr |
0.68 | PFN | Pimco Income Strategy | PairCorr |
0.62 | FHAUX | Fidelity Freedom Blend | PairCorr |
0.65 | SMAVX | Ultra Short Term | PairCorr |
0.68 | LCBDX | Clearbridge Tactical | PairCorr |
0.67 | LBLAX | Thrivent Limited Maturity | PairCorr |
0.64 | SAFEX | Weitz Ultra Short | PairCorr |
Moving against First Mutual Fund
0.65 | XDSMX | Dreyfus Strategic | PairCorr |
0.52 | XNXJX | Nuveen New Jersey | PairCorr |
0.62 | XNBHX | Neuberger Berman Int | PairCorr |
Related Correlations Analysis
0.98 | 0.96 | 0.96 | 0.96 | 0.98 | SMYIX | ||
0.98 | 0.97 | 0.97 | 0.98 | 0.96 | ARTRX | ||
0.96 | 0.97 | 0.97 | 0.94 | 0.93 | ESGCX | ||
0.96 | 0.97 | 0.97 | 0.97 | 0.96 | WRLDX | ||
0.96 | 0.98 | 0.94 | 0.97 | 0.97 | CABIX | ||
0.98 | 0.96 | 0.93 | 0.96 | 0.97 | CAEIX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SMYIX | 0.49 | 0.11 | 0.09 | 0.34 | 0.00 | 1.49 | 3.63 | |||
ARTRX | 0.59 | 0.30 | 0.15 | (2.37) | 0.00 | 2.01 | 3.60 | |||
ESGCX | 0.57 | 0.26 | 0.05 | (2.23) | 0.29 | 1.82 | 3.97 | |||
WRLDX | 0.49 | 0.16 | (0.09) | (4.22) | 0.20 | 1.20 | 2.90 | |||
CABIX | 0.27 | 0.12 | (0.21) | (3.78) | 0.00 | 0.57 | 2.20 | |||
CAEIX | 0.63 | 0.19 | 0.16 | 0.47 | 0.28 | 1.70 | 4.46 |