First Trust Correlations

Mutual Funds . USA . 
Fund . First Trust Preferred
FPEIX Fund  USD 20.47  0.04  0.20%   
The current 90-days correlation between First Trust Preferred and Rational Dividend Capture is 0.25 (i.e., Modest diversification). The correlation of First Trust 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 Trust Correlation With Market

Very good diversification

The correlation between First Trust Preferred and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Preferred 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 Trust Preferred. 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 census.

Moving together with First Mutual Fund

  0.87CWAIX First Trust ManagedPairCorr
  0.96FTMAX Franklin TempletonPairCorr
  0.96FTMCX First Trust MultiPairCorr
  0.96FDHIX First Trust ShortPairCorr
  0.97FDHCX First Trust ShortPairCorr
  0.98FDHAX First Trust ShortPairCorr
  0.84VARBX Vivaldi Merger ArbitragePairCorr
  0.71VARCX First Trust MergerPairCorr
  0.83VARAX Vivaldi Merger ArbitragePairCorr
  0.99FPEFX First Trust PreferredPairCorr
  0.99FPECX First Trust PreferredPairCorr
  1.0FPEAX First Trust PreferredPairCorr
  0.99FPERX First Trust PreferredPairCorr
  0.99CPXIX Cohen Steers PrfrdPairCorr
  0.98CPXAX Cohen Steers PreferdPairCorr
  0.98CPXCX Cohen Steers PrefrdPairCorr
  0.99CPRRX Cohen Steers PreferredPairCorr
  0.99CPXZX Cohen Steers PreferredPairCorr
  0.99CPXFX Cohen Steers PreferredPairCorr
  0.99PRFCX Preferred SecuritiesPairCorr
  0.99PPSIX Preferred SecuritiesPairCorr
  0.99PPSAX Preferred SecuritiesPairCorr
  0.98PPSJX Preferred SecuritiesPairCorr
  0.86MGGYX Mirova Global GreenPairCorr
  0.92HLDIX Hartford EmergingPairCorr
  0.92HLDRX Hartford EmergingPairCorr
  0.93HLDAX Hartford EmergingPairCorr
  0.92HLDCX Hartford EmergingPairCorr
  0.92HLDTX Hartford EmergingPairCorr
  0.97LCRDX Lord Abbett CreditPairCorr
  0.97PIBQX Prudential BalancedPairCorr
  0.91TIBVX Tiaa Cref IntlPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Trust 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 Trust'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY