First Investors Correlations

FIVUX Fund

USD 39.93 0.31 0.77%

The current 90-days correlation between First Investors Oppo and Artisan High Income is -0.06 (i.e., Good diversification). The correlation of First Investors 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 Investors Correlation With Market

Almost no diversification

The correlation between First Investors Opportunity and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Opportunity 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 Investors Opportunity. 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 employment.

Moving together with First Mutual Fund

0.94	OASGX	Optimum Small Mid	Pair Corr
0.99	OASVX	Optimum Small Mid	Pair Corr
0.66	WASAX	Ivy Asset Strategy	Pair Corr
0.92	WSGAX	Ivy Small Cap	Pair Corr
0.94	OCLVX	Optimum Large Cap	Pair Corr
0.92	OCLGX	Optimum Large Cap	Pair Corr
0.96	OCSGX	Optimum Small Mid	Pair Corr
0.99	OCSVX	Optimum Small Mid	Pair Corr
0.75	DMO	Western Asset Mortgage	Pair Corr
0.97	WCEAX	Ivy E Equity	Pair Corr
0.9	OILGX	Optimum Large Cap	Pair Corr
0.92	OILVX	Optimum Large Cap	Pair Corr

Moving against First Mutual Fund

0.64	DLHIX	Delaware Healthcare	Pair Corr
0.64	DLHCX	Delaware Healthcare	Pair Corr
0.64	DLHAX	Delaware Healthcare	Pair Corr
0.64	DLRHX	Delaware Healthcare	Pair Corr
0.62	OCFIX	Optimum Fixed Income	Pair Corr
0.46	IMAAX	Ivy Apollo Multi	Pair Corr
0.64	DPCFX	Delaware Diversified	Pair Corr
0.59	OIFIX	Optimum Fixed Income	Pair Corr
0.58	DPDFX	Delaware Diversified	Pair Corr
0.58	DPFFX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	ARTFX	PRINX	TTRBX	XDLYX	PATFX	TPYYX	FHYIX	DHGCX
ARTFX		0.24	-0.4	-0.35	0.14	0.45	0.37	-0.33	ARTFX
PRINX	0.24		0.61	0.61	0.96	0.61	0.97	0.74	PRINX
TTRBX	-0.4	0.61		0.93	0.71	0.37	0.5	0.92	TTRBX
XDLYX	-0.35	0.61	0.93		0.71	0.43	0.5	0.87	XDLYX
PATFX	0.14	0.96	0.71	0.71		0.64	0.94	0.77	PATFX
TPYYX	0.45	0.61	0.37	0.43	0.64		0.61	0.45	TPYYX
FHYIX	0.37	0.97	0.5	0.5	0.94	0.61		0.62	FHYIX
DHGCX	-0.33	0.74	0.92	0.87	0.77	0.45	0.62		DHGCX
	ARTFX	PRINX	TTRBX	XDLYX	PATFX	TPYYX	FHYIX	DHGCX

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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

FHYIX	+ 0.97	PRINX
PATFX	+ 0.96	PRINX
FHYIX	+ 0.94	PATFX
XDLYX	+ 0.93	TTRBX
DHGCX	+ 0.92	TTRBX
DHGCX	+ 0.87	XDLYX

High negative correlations

TTRBX	- 0.4	ARTFX
XDLYX	- 0.35	ARTFX
DHGCX	- 0.33	ARTFX

Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Investors 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 Investors' 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
ARTFX	0.10	0.03	(0.60)	1.87	0.00	(0.17)	0.22	(0.11)	0.77
PRINX	0.16	0.02	(0.29)	(0.05)	0.22	(0.23)	0.44	(0.44)	1.59
TTRBX	0.13	(0.02)	0.00	(0.47)	0.00	0.00	0.30	(0.30)	0.70
XDLYX	0.13	(0.01)	0.00	(2.62)	0.00	0.00	0.24	(0.31)	1.11
PATFX	0.15	0.01	(0.26)	(0.01)	0.24	(0.23)	0.44	(0.35)	1.69
TPYYX	0.66	0.11	0.00	9.17	0.73	(0.74)	1.40	(1.19)	5.39
FHYIX	0.17	0.02	(0.25)	(0.06)	0.25	(0.23)	0.43	(0.32)	1.85
DHGCX	0.15	(0.01)	(0.64)	(0.25)	0.17	(0.18)	0.31	(0.25)	0.96

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