First Foundation Correlations

FBBYX Fund

USD 28.00 0.20 0.71%

The current 90-days correlation between First Foundation Total and American High Income is 0.42 (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

Almost no diversification

The correlation between First Foundation Total and DJI is 0.91 (i.e., Almost no 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 private.

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

0.98	FBBAX	First Foundation Total	Pair Corr
0.71	FFBAX	First Foundation Fixed	Pair Corr
0.72	FFBYX	First Foundation Fixed	Pair Corr
0.98	IFAFX	Income Fund	Pair Corr
0.94	AMECX	Income Fund	Pair Corr
0.94	IFACX	Income Fund	Pair Corr
0.94	FFIFX	American Funds	Pair Corr
0.94	FAIFX	American Funds	Pair Corr
0.94	RIDBX	Income Fund	Pair Corr
0.94	CIMEX	Income Fund	Pair Corr
0.94	RIDFX	Income Fund	Pair Corr
0.94	CIMCX	Income Fund	Pair Corr
0.94	CIMFX	Income Fund	Pair Corr
0.84	PFN	Pimco Income Strategy	Pair Corr
0.88	QMHIX	Aqr Managed Futures	Pair Corr
0.96	CBUDX	Crossingbridge Ultra-short	Pair Corr
0.88	RMBMX	Rmb Smid Cap	Pair Corr
0.93	CDWCX	American Funds Developing	Pair Corr
0.78	TILPX	Tiaa-cref Large-cap	Pair Corr
0.94	JCCSX	Alps/corecommodity	Pair Corr
0.94	LSEIX	Persimmon Long/short	Pair Corr
0.84	VWELX	Vanguard Wellington	Pair Corr
0.93	GIMDX	Goldman Sachs Local	Pair Corr
0.94	FEUSX	Federated Government	Pair Corr
0.94	VTRHX	Voya Target Retirement	Pair Corr
0.99	CPXIX	Cohen Steers Prfrd	Pair Corr
0.97	CIISX	Causeway International	Pair Corr
0.97	FMFTX	Materials Portfolio	Pair Corr
0.96	ANVLX	American Century Non	Pair Corr
0.93	TFHAX	T Rowe Price	Pair Corr
0.78	TMITX	Transamerica Mid Cap	Pair Corr
0.96	AAAUX	Strategic Allocation:	Pair Corr

Moving against First Mutual Fund

0.4	XNXJX	Nuveen New Jersey	Pair Corr
0.32	XDSMX	Dreyfus Strategic	Pair Corr
0.57	NXJ	Nuveen New Jersey	Pair Corr
0.54	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	FBBYX	FFBAX	FFBYX	BFGUX	EBNCX	PBFKX	LIFQX	SSIFX	AHTFX
FBBYX		0.71	0.72	0.62	0.93	0.84	0.79	0.93	0.96	FBBYX
FFBAX	0.71		0.83	0.53	0.59	0.94	0.73	0.61	0.79	FFBAX
FFBYX	0.72	0.83		0.52	0.58	0.82	0.76	0.6	0.81	FFBYX
BFGUX	0.62	0.53	0.52		0.48	0.49	0.42	0.59	0.69	BFGUX
EBNCX	0.93	0.59	0.58	0.48		0.76	0.79	0.86	0.88	EBNCX
PBFKX	0.84	0.94	0.82	0.49	0.76		0.8	0.77	0.86	PBFKX
LIFQX	0.79	0.73	0.76	0.42	0.79	0.8		0.66	0.83	LIFQX
SSIFX	0.93	0.61	0.6	0.59	0.86	0.77	0.66		0.87	SSIFX
AHTFX	0.96	0.79	0.81	0.69	0.88	0.86	0.83	0.87		AHTFX
	FBBYX	FFBAX	FFBYX	BFGUX	EBNCX	PBFKX	LIFQX	SSIFX	AHTFX

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
FBBYX	0.49	0.10	0.10	0.28	0.24	(0.60)	1.01	(0.84)	2.91
FFBAX	0.12	(0.01)	(0.47)	(0.04)	0.11	(0.17)	0.26	(0.26)	0.79
FFBYX	0.13	0.00	(0.44)	0.11	0.04	(0.18)	0.26	(0.26)	0.79
BFGUX	0.91	0.14	0.14	0.26	0.68	(1.18)	1.72	(1.63)	13.68
EBNCX	0.16	0.05	(0.18)	(3.26)	0.00	(0.22)	0.37	(0.25)	0.74
PBFKX	0.13	0.00	(0.36)	0.02	0.12	(0.19)	0.24	(0.35)	0.71
LIFQX	0.08	0.00	(0.74)	(0.19)	0.00	(0.12)	0.17	(0.17)	0.43
SSIFX	1.28	0.41	0.25	12.24	0.93	(1.56)	1.93	(2.14)	23.78
AHTFX	0.12	0.02	(0.34)	0.27	0.00	(0.19)	0.21	(0.21)	0.92

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