First American Correlations

FEIXX Fund

USD 1.00 0.00 0.00%

The correlation of First American 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American Funds. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy First Money Market Fund please use our How to Invest in First American guide.

Related Correlations Analysis

	TALCX	ILESX	DOXGX	VAAGX	SBQAX	LMUSX
TALCX		0.81	0.93	0.91	0.79	0.75	TALCX
ILESX	0.81		0.75	0.81	0.91	0.96	ILESX
DOXGX	0.93	0.75		0.78	0.76	0.74	DOXGX
VAAGX	0.91	0.81	0.78		0.73	0.72	VAAGX
SBQAX	0.79	0.91	0.76	0.73		0.91	SBQAX
LMUSX	0.75	0.96	0.74	0.72	0.91		LMUSX
	TALCX	ILESX	DOXGX	VAAGX	SBQAX	LMUSX

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Risk-Adjusted Indicators

There is a big difference between First Money Market Fund performing well and First American Money Market 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 American'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
TALCX	0.55	(0.02)	(0.10)	0.04	0.67	(0.61)	1.21	(1.03)	5.31
ILESX	0.70	(0.01)	(0.06)	0.06	1.00	(0.69)	1.24	(1.84)	6.28
DOXGX	0.56	0.02	(0.05)	0.15	0.66	(0.60)	1.27	(1.00)	5.95
VAAGX	0.62	(0.04)	0.00	(0.39)	0.00	0.00	1.14	(1.22)	5.45
SBQAX	0.86	0.01	(0.03)	0.10	1.13	(0.97)	1.75	(1.74)	7.88
LMUSX	0.74	0.00	(0.03)	0.09	1.19	(0.70)	1.27	(1.59)	6.30

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First American Correlations

Related Correlations Analysis

Risk-Adjusted Indicators

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