First Foundation Correlations

FFBAX Fund  USD 11.45  0.00  0.00%   
The current 90-days correlation between First Foundation Fixed and Gabelli Gold Fund is 0.02 (i.e., Significant 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

Modest diversification

The correlation between First Foundation Fixed and DJI is 0.23 (i.e., Modest 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

  0.76FBBAX First Foundation TotalPairCorr
  0.76FBBYX First Foundation TotalPairCorr
  0.8FFBYX First Foundation FixedPairCorr
  0.67DODIX Dodge IncomePairCorr
  0.67DOXIX Dodge Cox IncomePairCorr
  0.7FIWGX Strategic AdvisersPairCorr
  0.69PTTPX Pimco Total ReturnPairCorr
  0.73PTRRX Total ReturnPairCorr
  0.73PTRAX Total ReturnPairCorr
  0.69PTTRX Total ReturnPairCorr
  0.73PDBSX Prudential Total ReturnPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.62VFIAX Vanguard 500 IndexPairCorr
  0.62VTSAX Vanguard Total StockPairCorr
  0.68VTSNX Vanguard Total InterPairCorr
  0.65VTISX Vanguard Total InterPairCorr
  0.68VTPSX Vanguard Total InterPairCorr
  0.62VINIX Vanguard InstitutionalPairCorr
  0.77FAGJX FagjxPairCorr
  0.62JHSFX John Hancock MunicipalPairCorr
  0.64FEVIX First Eagle ValuePairCorr
  0.62FSELX Fidelity Select SemiPairCorr
  0.7VTWIX Vanguard Total WorldPairCorr
  0.65CIUEX Six Circles InternationalPairCorr
  0.75PEGIX Pimco Esg IncomePairCorr
  0.65TRGVX T Rowe PricePairCorr
  0.72ABYAX Abbey Capital FuturesPairCorr

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.