First Foundation Correlations

FBBYX Fund

USD 27.16 0.33 1.20%

The current 90-days correlation between First Foundation Total and First Foundation Total is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between First Foundation Total and DJI is 0.16 (i.e., Average 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 services.

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

1.0	FBBAX	First Foundation Total	Pair Corr
0.67	FFBAX	First Foundation Fixed	Pair Corr
0.72	FFBYX	First Foundation Fixed	Pair Corr
0.9	AMECX	Income Fund	Pair Corr
0.77	IFACX	Income Fund	Pair Corr
0.94	IFAFX	Income Fund	Pair Corr
0.75	FFIFX	American Funds	Pair Corr
0.77	FAIFX	American Funds	Pair Corr
0.9	RIDBX	Income Fund	Pair Corr
0.74	CIMEX	Income Fund	Pair Corr
0.75	RIDFX	Income Fund	Pair Corr
0.77	CIMCX	Income Fund	Pair Corr
0.9	CIMFX	Income Fund	Pair Corr
0.73	PFN	Pimco Income Strategy	Pair Corr
0.61	XPPRX	Voya Prime Rate	Pair Corr
0.85	WMNIX	Westwood Market Neutral	Pair Corr
0.68	WGGSX	Wasatch Global Select	Pair Corr
0.82	CAF	Morgan Stanley China	Pair Corr
0.88	AQGIX	Aqr Global Equity	Pair Corr
0.71	GEMEX	Gmo Emerging Markets	Pair Corr
0.89	MAICX	Victory Trivalent	Pair Corr
0.91	WOFDX	Wells Fargo Opportunity	Pair Corr
0.76	SBSPX	Qs Sp 500	Pair Corr
0.88	WMNAX	Westwood Alternative	Pair Corr
0.88	SFSNX	Schwab Fundamental Small	Pair Corr
0.92	WHGMX	Westwood Smidcap	Pair Corr
0.88	NQCCX	Nuveen Nwq Large	Pair Corr
0.8	TDMRX	Templeton Developing	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.78	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.84	BDSIX	Blackrock Advantage Small	Pair Corr
0.76	CATUX	Future Scholar 529	Pair Corr

Moving against First Mutual Fund

0.44	XNXJX	Nuveen New Jersey	Pair Corr
0.32	XDSMX	Dreyfus Strategic	Pair Corr
0.55	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	FBBAX	FBBYX	FFBYX	FTCNX	CAEZX	FAPCX	VIGIX	XTBLX	CCCAX	PIINX
FBBAX		1.0	0.72	0.88	0.0	0.76	0.2	0.93	0.45	0.8	FBBAX
FBBYX	1.0		0.72	0.88	0.0	0.76	0.2	0.93	0.45	0.8	FBBYX
FFBYX	0.72	0.72		0.53	0.0	0.55	0.2	0.63	0.4	0.72	FFBYX
FTCNX	0.88	0.88	0.53		0.0	0.77	0.14	0.83	0.43	0.8	FTCNX
CAEZX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CAEZX
FAPCX	0.76	0.76	0.55	0.77	0.0		0.09	0.62	0.42	0.78	FAPCX
VIGIX	0.2	0.2	0.2	0.14	0.0	0.09		0.29	-0.22	0.11	VIGIX
XTBLX	0.93	0.93	0.63	0.83	0.0	0.62	0.29		0.43	0.7	XTBLX
CCCAX	0.45	0.45	0.4	0.43	0.0	0.42	-0.22	0.43		0.61	CCCAX
PIINX	0.8	0.8	0.72	0.8	0.0	0.78	0.11	0.7	0.61		PIINX
	FBBAX	FBBYX	FFBYX	FTCNX	CAEZX	FAPCX	VIGIX	XTBLX	CCCAX	PIINX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FBBYX	+ 1.0	FBBAX
XTBLX	+ 0.93	FBBAX
XTBLX	+ 0.93	FBBYX
FTCNX	+ 0.88	FBBAX
FTCNX	+ 0.88	FBBYX
XTBLX	+ 0.83	FTCNX

High negative correlations

CCCAX	- 0.22	VIGIX
PIINX	- 0.0	CAEZX
CCCAX	- 0.0	CAEZX
XTBLX	- 0.0	CAEZX
VIGIX	- 0.0	CAEZX
FAPCX	- 0.0	CAEZX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FBBAX	0.46	0.07	0.03	0.65	0.35	(0.52)	0.99	(0.80)	2.19
FBBYX	0.46	0.07	0.03	0.62	0.36	(0.55)	1.00	(0.82)	2.13
FFBYX	0.13	(0.01)	(0.35)	(0.11)	0.15	(0.17)	0.26	(0.35)	0.79
FTCNX	0.66	0.17	0.13	1.81	0.61	(0.74)	1.23	(1.20)	6.46
CAEZX	0.93	0.42	0.38	(1.44)	0.00	(1.01)	1.38	(1.04)	22.83
FAPCX	0.70	0.16	0.15	0.39	0.51	(0.81)	1.11	(1.24)	9.48
VIGIX	0.73	(0.08)	0.00	(0.05)	0.00	0.00	1.38	(1.81)	4.40
XTBLX	0.28	0.05	(0.02)	0.37	0.16	(0.32)	0.64	(0.51)	1.28
CCCAX	0.70	0.10	0.04	1.26	0.76	(0.82)	1.44	(1.31)	3.93
PIINX	0.13	0.00	(0.31)	0.16	0.05	(0.17)	0.27	(0.18)	0.74

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