First Foundation Correlations

FFBYX Fund

USD 11.47 0.03 0.26%

The current 90-days correlation between First Foundation Fixed and Fwnhtx is -0.15 (i.e., Good 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 0.71 (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 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

0.71	FBBAX	First Foundation Total	Pair Corr
0.7	FBBYX	First Foundation Total	Pair Corr
1.0	FFBAX	First Foundation Fixed	Pair Corr
0.81	DODIX	Dodge Income	Pair Corr
0.75	MWTNX	Metropolitan West Total	Pair Corr
0.78	MWTSX	Metropolitan West Total	Pair Corr
0.87	PTTPX	Pimco Total Return	Pair Corr
0.84	PTRRX	Total Return	Pair Corr
0.87	PTRAX	Total Return	Pair Corr
0.86	PTTRX	Total Return	Pair Corr
0.93	PDBSX	Prudential Total Return	Pair Corr
0.74	FGPGX	American Funds Growth	Pair Corr
0.66	FITSX	Federated Government	Pair Corr
0.68	AEDFX	Arbitrage Event	Pair Corr
0.78	FBSSX	American Funds Strategic	Pair Corr
0.7	SCIJX	Hartford Schroders	Pair Corr
0.65	PIRMX	Pimco Inflation Response	Pair Corr
0.62	FPNIX	Fpa New Income	Pair Corr

Related Correlations Analysis

	FBANJX	ABVCX	TWBIX	FFCGX	VOLMX	FWNHTX
FBANJX		0.88	0.87	0.99	0.96	-0.78	FBANJX
ABVCX	0.88		0.62	0.92	0.88	-0.89	ABVCX
TWBIX	0.87	0.62		0.81	0.84	-0.57	TWBIX
FFCGX	0.99	0.92	0.81		0.96	-0.8	FFCGX
VOLMX	0.96	0.88	0.84	0.96		-0.79	VOLMX
FWNHTX	-0.78	-0.89	-0.57	-0.8	-0.79		FWNHTX
	FBANJX	ABVCX	TWBIX	FFCGX	VOLMX	FWNHTX

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

FFCGX	+ 0.99	FBANJX
VOLMX	+ 0.96	FBANJX
VOLMX	+ 0.96	FFCGX
FFCGX	+ 0.92	ABVCX
ABVCX	+ 0.88	FBANJX
VOLMX	+ 0.88	ABVCX

High negative correlations

FWNHTX	- 0.89	ABVCX
FWNHTX	- 0.8	FFCGX
FWNHTX	- 0.79	VOLMX
FWNHTX	- 0.78	FBANJX
FWNHTX	- 0.57	TWBIX

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
FBANJX	0.46	0.01	(0.02)	0.10	0.50	(0.54)	0.96	(1.05)	2.55
ABVCX	0.76	0.34	0.33	(2.79)	0.13	(0.98)	1.65	(1.12)	10.97
TWBIX	0.35	(0.03)	(0.13)	0.03	0.46	(0.37)	0.76	(0.75)	2.41
FFCGX	0.57	0.05	0.03	0.15	0.63	(0.59)	1.07	(1.21)	2.84
VOLMX	0.56	0.02	0.00	0.11	0.56	(0.64)	1.33	(0.92)	3.45
FWNHTX	0.52	(0.25)	0.00	0.87	0.00	0.00	0.01	(0.01)	8.62

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