First Foundation Correlations

FFBAX Fund  USD 11.45  0.03  0.26%   
The current 90-days correlation between First Foundation Fixed and Financials Ultrasector Profund is 0.35 (i.e., 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

Poor diversification

The correlation between First Foundation Fixed and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Fixed 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 Fixed. 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

  0.71FBBAX First Foundation TotalPairCorr
  0.71FBBYX First Foundation TotalPairCorr
  0.83FFBYX First Foundation FixedPairCorr
  0.64DODIX Dodge IncomePairCorr
  0.65DOXIX Dodge Cox IncomePairCorr
  0.73FIWGX Strategic AdvisersPairCorr
  0.78MWTSX Metropolitan West TotalPairCorr
  0.73PTTPX Pimco Total ReturnPairCorr
  0.69PTRRX Total ReturnPairCorr
  0.73PTRAX Total ReturnPairCorr
  0.73PTTRX Total ReturnPairCorr
  0.72PDBSX Prudential Total ReturnPairCorr
  0.64FSMMX Fs Multi StrategyPairCorr
  0.64BTMPX Ishares Msci EafePairCorr
  0.66BTMKX Blackrock InternationalPairCorr
  0.66MDIIX Blackrock Intern IndexPairCorr
  0.61APDEX Artisan SustainablePairCorr
  0.69RAIIX Rainier InternationalPairCorr
  0.74FGPGX American Funds GrowthPairCorr
  0.62MIDSX Midas Fund MidasPairCorr
  0.75FITSX Federated GovernmentPairCorr
  0.77VMSSX Virtus Multi SectorPairCorr
  0.74VFIFX Vanguard Target RetiPairCorr
  0.69AEDFX Arbitrage EventPairCorr
  0.61FBSSX American Funds StrategicPairCorr
  0.7SCIJX Hartford SchrodersPairCorr
  0.65PIRMX Pimco Inflation ResponsePairCorr
  0.62FPNIX Fpa New IncomePairCorr
  0.72DODGX Dodge Stock FundPairCorr
  0.61SKTAX Saat E MarketPairCorr

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.