First Trust Correlations

Mutual Funds . USA . 
Fund . First Trust Multi Strategy
FTMCX Fund   24.60  0.01  0.04%   
The current 90-days correlation between First Trust Multi and Mutual Of America is 0.06 (i.e., Significant diversification). The correlation of First Trust 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 Trust Correlation With Market

Modest diversification

The correlation between First Trust Multi Strategy and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Multi Strategy 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 Trust Multi Strategy. 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 unemployment.

Moving together with First Mutual Fund

  1.0FTMAX Franklin TempletonPairCorr
  0.93FDHIX First Trust ShortPairCorr
  0.95FDHCX First Trust ShortPairCorr
  0.93FDHAX First Trust ShortPairCorr
  0.88VARBX Vivaldi Merger ArbitragePairCorr
  0.88VARCX First Trust MergerPairCorr
  0.88VARAX Vivaldi Merger ArbitragePairCorr
  0.8FOVIX First TrustconfluencePairCorr
  0.85FOVAX First Trust/confluencePairCorr
  0.89FPEIX First Trust PreferredPairCorr
  0.87FPEFX First Trust PreferredPairCorr
  0.83FPECX First Trust PreferredPairCorr
  0.86FPERX First Trust PreferredPairCorr
  0.75BIMBX Blackrock AlternativePairCorr
  0.76BAMBX Blackrock AlternativePairCorr
  0.74BMBCX Blackrock AlternativePairCorr
  0.75BKMBX Blackrock SystematicPairCorr
  0.9BXMYX Blackstone AlternativePairCorr
  0.93GARTX Goldman Sachs AbsolutePairCorr
  0.93GCRTX Goldman Sachs AbsolutePairCorr
  0.89BXMIX Blackstone AlternativePairCorr
  0.86BXMDX Blackstone AlternativePairCorr
  0.71BIGBX Blackrock Government BondPairCorr
  0.93CGSAX Columbia Growth 529PairCorr
  0.66BSDAX Blackrock Smid CapPairCorr
  0.87LBWCX Legg Mason BwPairCorr
  0.89JNRRX Jennison Natural ResPairCorr
  0.85VFFYX Victory IncorePairCorr
  0.88EVT Eaton Vance TaxPairCorr
  0.89QMGAX Oppenheimer GlobalPairCorr
  0.86FEDCX Fidelity Series EmergingPairCorr
  0.91PEPFX Pimco Rae FundamentalPairCorr
  0.88CII Blackrock EnhancedPairCorr
  0.75REGWX Victory Rs SmallPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Trust 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 Trust'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY