First Investors Correlations

FICHX Fund

USD 13.74 0.02 0.15%

The current 90-days correlation between First Investors Select and Scharf Global Opportunity is -0.06 (i.e., Good diversification). The correlation of First Investors 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 Investors Correlation With Market

Very poor diversification

The correlation between First Investors Select and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Select 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 Investors Select. 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 rate.

Moving together with First Mutual Fund

0.71	OASGX	Optimum Small Mid	Pair Corr
0.68	OASVX	Optimum Small Mid	Pair Corr
0.69	WASAX	Ivy Asset Strategy	Pair Corr
0.69	WSGAX	Ivy Small Cap	Pair Corr
0.61	OCIEX	Optimum International	Pair Corr
0.71	OCLVX	Optimum Large Cap	Pair Corr
0.73	OCLGX	Optimum Large Cap	Pair Corr
0.71	OCSGX	Optimum Small Mid	Pair Corr
0.69	OCSVX	Optimum Small Mid	Pair Corr
0.98	WSTAX	Ivy Science And	Pair Corr
0.99	WCEAX	Ivy E Equity	Pair Corr
0.75	DLTRX	Delaware Limited Term	Pair Corr
0.97	IPOAX	Ivy Emerging Markets	Pair Corr
0.63	OIIEX	Optimum International	Pair Corr
0.99	OILGX	Optimum Large Cap	Pair Corr
0.71	OILVX	Optimum Large Cap	Pair Corr

Moving against First Mutual Fund

0.32

VAZIX

Delaware Tax Free

Pair Corr

Related Correlations Analysis

	WRLDX	MFIRX	JGECX	XAWFX	RGELX	BXFIX	CNGLX
WRLDX		0.91	0.99	0.94	0.98	0.97	0.98	WRLDX
MFIRX	0.91		0.9	0.92	0.89	0.88	0.87	MFIRX
JGECX	0.99	0.9		0.97	0.99	0.98	0.99	JGECX
XAWFX	0.94	0.92	0.97		0.96	0.95	0.96	XAWFX
RGELX	0.98	0.89	0.99	0.96		0.98	0.99	RGELX
BXFIX	0.97	0.88	0.98	0.95	0.98		0.97	BXFIX
CNGLX	0.98	0.87	0.99	0.96	0.99	0.97		CNGLX
	WRLDX	MFIRX	JGECX	XAWFX	RGELX	BXFIX	CNGLX

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 Investors 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 Investors' 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
WRLDX	0.51	0.14	0.00	(1.73)	0.38	(0.57)	1.20	(0.84)	2.90
MFIRX	0.15	0.04	(0.40)	(2.30)	0.00	(0.25)	0.38	(0.19)	0.77
JGECX	0.52	0.20	0.08	(2.83)	0.33	(0.58)	1.49	(1.04)	3.38
XAWFX	0.17	0.07	(0.22)	(1.09)	0.00	(0.22)	0.46	(0.36)	1.44
RGELX	0.57	0.24	0.10	(2.21)	0.42	(0.65)	1.85	(1.31)	3.72
BXFIX	0.10	0.04	(0.66)	1.18	0.00	(0.21)	0.48	(0.12)	0.71
CNGLX	0.59	0.17	0.02	(0.98)	0.53	(0.67)	1.60	(1.15)	4.00

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