First Foundation Correlations

Mutual Funds . USA . 
Fund . First Foundation Total
FBBAX Fund  USD 27.21  0.25  0.91%   
The current 90-days correlation between First Foundation Total and L Mason Qs is 0.57 (i.e., Very weak 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.

First Foundation Correlation With Market

Very poor diversification

The correlation between First Foundation Total and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Total 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 Foundation Total. 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 nation.
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

  0.98FBBYX First Foundation TotalPairCorr
  0.71FFBAX First Foundation FixedPairCorr
  0.68FFBYX First Foundation FixedPairCorr
  0.96IFAFX Income FundPairCorr
  0.94AMECX Income FundPairCorr
  0.93IFACX Income FundPairCorr
  0.93FFIFX American FundsPairCorr
  0.93FAIFX American FundsPairCorr
  0.93RIDBX Income FundPairCorr
  0.93CIMEX Income FundPairCorr
  0.93RIDFX Income FundPairCorr
  0.93CIMCX Income FundPairCorr
  0.93CIMFX Income FundPairCorr
  0.84PFN Pimco Income StrategyPairCorr
  0.88QMHIX Aqr Managed FuturesPairCorr
  0.96CBUDX Crossingbridge Ultra-shortPairCorr
  0.86RMBMX Rmb Smid CapPairCorr
  0.92CDWCX American Funds DevelopingPairCorr
  0.77TILPX Tiaa-cref Large-capPairCorr
  0.94JCCSX Alps/corecommodityPairCorr
  0.92LSEIX Persimmon Long/shortPairCorr
  0.79VWELX Vanguard WellingtonPairCorr
  0.93GIMDX Goldman Sachs LocalPairCorr
  0.94FEUSX Federated GovernmentPairCorr
  0.94VTRHX Voya Target RetirementPairCorr
  0.98CPXIX Cohen Steers PrfrdPairCorr
  0.96CIISX Causeway InternationalPairCorr
  0.97FMFTX Materials PortfolioPairCorr
  0.95ANVLX American Century NonPairCorr
  0.94TFHAX T Rowe PricePairCorr
  0.77TMITX Transamerica Mid CapPairCorr
  0.94AAAUX Strategic Allocation:PairCorr

Moving against First Mutual Fund

  0.39XNXJX Nuveen New JerseyPairCorr
  0.58NXJ Nuveen New JerseyPairCorr
  0.54XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis


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.

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