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.
  
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 manufacturing.
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

  0.61FBBAX First Foundation TotalPairCorr
  0.64FBBYX First Foundation TotalPairCorr
  0.7FFBAX First Foundation FixedPairCorr
  0.75MWTNX Metropolitan West TotalPairCorr
  0.75MWTSX Metropolitan West TotalPairCorr
  0.75PTTPX Pimco Total ReturnPairCorr
  0.77PTRRX Total ReturnPairCorr
  0.76PTRAX Total ReturnPairCorr
  0.77PTTRX Total ReturnPairCorr
  0.75FIWGX Strategic AdvisersPairCorr
  0.67DODIX Dodge IncomePairCorr
  0.75MWTIX Metropolitan West TotalPairCorr
  0.65MWTRX Metropolitan West TotalPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.62FHAUX Fidelity Freedom BlendPairCorr
  0.65SMAVX Ultra Short TermPairCorr
  0.68LCBDX Clearbridge TacticalPairCorr
  0.67LBLAX Thrivent Limited MaturityPairCorr
  0.64SAFEX Weitz Ultra ShortPairCorr

Moving against First Mutual Fund

  0.65XDSMX Dreyfus StrategicPairCorr
  0.52XNXJX Nuveen New JerseyPairCorr
  0.62XNBHX Neuberger Berman IntPairCorr

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.