First Trust Correlations

Mutual Funds . USA . 
Fund . First Trust Multi Strategy
FTMCX Fund   24.52  0.01  0.04%   
The current 90-days correlation between First Trust Multi and Blackrock Science Technology is 0.59 (i.e., Very weak 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

Poor diversification

The correlation between First Trust Multi Strategy and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Multi Strategy 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 Multi Strategy. 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 main economic indicators.

Moving together with First Mutual Fund

  0.69CWAIX First Trust ManagedPairCorr
  0.98FTMAX Franklin TempletonPairCorr
  0.99FDHIX First Trust ShortPairCorr
  0.99FDHCX First Trust ShortPairCorr
  0.99FDHAX First Trust ShortPairCorr
  0.95VARBX Vivaldi Merger ArbitragePairCorr
  0.94VARCX First Trust MergerPairCorr
  0.95VARAX Vivaldi Merger ArbitragePairCorr
  0.72FOVIX First Trust/confluencePairCorr
  0.7FOVCX First Trust/confluencePairCorr
  0.72FOVAX First Trust/confluencePairCorr
  0.99FPEIX First Trust PreferredPairCorr
  0.99FPEFX First Trust PreferredPairCorr
  0.99FPECX First Trust PreferredPairCorr
  0.99FPEAX First Trust PreferredPairCorr
  0.99FPERX First Trust PreferredPairCorr
  0.97BXMYX Blackstone AlternativePairCorr
  0.71QSPRX Aqr Style PremiaPairCorr
  0.97BXMIX Blackstone AlternativePairCorr
  0.97BXMDX Blackstone AlternativePairCorr
  0.98GARTX Goldman Sachs AbsolutePairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.93PDI Pimco Dynamic IncomePairCorr
  0.98FTCAX Templeton Strained BondPairCorr
  0.98HASAX Horizon Active AssetPairCorr
  0.98HCACX Hartford CapitalPairCorr
  0.82CNREX Commonwealth Real EstatePairCorr
  0.9TSIIX Thornburg StrategicPairCorr

Moving against First Mutual Fund

  0.96USPSX Profunds UltrashortPairCorr
  0.96USPIX Profunds UltrashortPairCorr
  0.94UIPIX Ultrashort Mid CapPairCorr
  0.85TCTGX Transamerica CleartrackPairCorr
  0.85TDKTX Cleartrack 2015 ClassPairCorr
  0.85TCTJX Transamerica CleartrackPairCorr
  0.84TCSUX Cleartrack 2020 ClassPairCorr

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 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