First Investors Correlations

Mutual Funds . USA . 
Fund . First Investors Tax
FTOTX Fund  USD 12.09  0.02  0.17%   
The current 90-days correlation between First Investors Tax and Harbor Small Cap is -0.05 (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

Good diversification

The correlation between First Investors Tax and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Tax 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 Tax. 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 housing.

Moving together with First Mutual Fund

  0.83OASGX Optimum Small MidPairCorr
  0.88OCFIX Optimum Fixed IncomePairCorr
  0.92WASAX Ivy Asset StrategyPairCorr
  0.83WSGAX Ivy Small CapPairCorr
  0.79OCIEX Optimum InternationalPairCorr
  0.75OCLVX Optimum Large CapPairCorr
  0.89OCLGX Optimum Large CapPairCorr
  0.82OCSGX Optimum Small MidPairCorr
  0.92WSTAX Ivy Science AndPairCorr
  0.82DMO Western Asset MortgagePairCorr
  0.98CXHYX Delaware National HighPairCorr
  0.91WCEAX Ivy E EquityPairCorr
  1.0FTNYX Delaware Tax FreePairCorr
  0.99FTORX First Investors TaxPairCorr
  0.79DLHIX Delaware Healthcare Steady GrowthPairCorr
  0.79DLHCX Delaware Healthcare Steady GrowthPairCorr
  0.8DLHAX Delaware Healthcare Steady GrowthPairCorr
  0.8DLRHX Delaware Healthcare Steady GrowthPairCorr
  0.86DLTZX Delaware Limited TermPairCorr
  0.79DLTRX Delaware Limited TermPairCorr
  0.89IPOAX Ivy Emerging MarketsPairCorr
  1.0DMHIX Delaware Minnesota HighPairCorr
  1.0DMOCX Delaware Tax FreePairCorr
  1.0DMNIX Delaware Tax FreePairCorr
  0.99DMTFX Delaware Tax FreePairCorr
  0.99DMUSX Delaware Tax FreePairCorr
  0.73IRSAX Ivy Advantus RealPairCorr
  0.88OIFIX Optimum Fixed IncomePairCorr
  0.82OIIEX Optimum InternationalPairCorr
  0.9OILGX Optimum Large CapPairCorr
  0.76OILVX Optimum Large CapPairCorr
  1.0VCTFX Delaware Tax FreePairCorr
  0.91DPCFX Delaware DiversifiedPairCorr
  0.91DPDFX Delaware DiversifiedPairCorr
  0.87DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis


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.

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