First Investors Correlations

FTORX Fund

USD 12.18 0.03 0.25%

The current 90-days correlation between First Investors Tax and Optimum Small Mid Cap is 0.11 (i.e., Average 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

Significant diversification

The correlation between First Investors Tax and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Tax 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 Tax. 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 metropolitan statistical area.

Moving together with First Mutual Fund

0.79	OCFIX	Optimum Fixed Income	Pair Corr
0.66	WSGAX	Ivy Small Cap	Pair Corr
0.91	CXHYX	Delaware National High	Pair Corr
0.91	FTNYX	Delaware Tax Free	Pair Corr
0.92	FTOTX	First Investors Tax	Pair Corr
0.91	DMHIX	Delaware Minnesota High	Pair Corr
0.91	DMOCX	Delaware Tax Free	Pair Corr
0.92	DMNIX	Delaware Tax Free	Pair Corr
0.9	DMTFX	Delaware Tax Free	Pair Corr
0.93	DMUSX	Delaware Tax Free	Pair Corr
0.88	VAZIX	Delaware Tax Free	Pair Corr
0.75	OIFIX	Optimum Fixed Income	Pair Corr
0.63	OILGX	Optimum Large Cap	Pair Corr
0.91	VCTFX	Delaware Tax Free	Pair Corr
0.77	DPCFX	Delaware Diversified	Pair Corr
0.86	DPDFX	Delaware Diversified	Pair Corr
0.87	DPFFX	Delaware Diversified	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.53	0.15	0.31	0.34	0.82	0.22	0.32	0.44	1.0	OASGX
OASVX	0.53		0.75	0.6	0.88	0.89	0.46	0.96	0.91	0.54	OASVX
IMAAX	0.15	0.75		0.85	0.91	0.6	0.83	0.84	0.77	0.17	IMAAX
OCFIX	0.31	0.6	0.85		0.79	0.62	0.86	0.63	0.7	0.33	OCFIX
WASAX	0.34	0.88	0.91	0.79		0.8	0.73	0.9	0.91	0.36	WASAX
WSGAX	0.82	0.89	0.6	0.62	0.8		0.47	0.77	0.83	0.83	WSGAX
OCIEX	0.22	0.46	0.83	0.86	0.73	0.47		0.51	0.55	0.24	OCIEX
OCLVX	0.32	0.96	0.84	0.63	0.9	0.77	0.51		0.88	0.33	OCLVX
OCLGX	0.44	0.91	0.77	0.7	0.91	0.83	0.55	0.88		0.45	OCLGX
OCSGX	1.0	0.54	0.17	0.33	0.36	0.83	0.24	0.33	0.45		OCSGX
	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX

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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
OASGX	0.88	0.03	0.02	0.08	1.15	(0.93)	1.77	(1.63)	8.43
OASVX	0.86	(0.09)	0.00	(0.16)	0.00	0.00	1.51	(1.60)	11.93
IMAAX	0.35	(0.09)	0.00	(0.47)	0.00	0.00	0.54	(0.86)	2.73
OCFIX	0.26	(0.04)	0.00	(0.91)	0.00	0.00	0.47	(0.70)	1.53
WASAX	0.52	(0.11)	0.00	(0.47)	0.00	0.00	0.75	(1.10)	6.94
WSGAX	1.04	(0.06)	0.00	(0.08)	0.00	0.00	1.67	(1.70)	11.19
OCIEX	0.54	(0.07)	0.00	(0.31)	0.00	0.00	0.90	(1.32)	3.59
OCLVX	0.60	(0.12)	0.00	(0.29)	0.00	0.00	1.04	(0.92)	8.33
OCLGX	1.01	(0.14)	0.00	(5.53)	0.00	0.00	1.59	(2.15)	14.44
OCSGX	0.89	0.03	0.02	0.08	1.13	(0.99)	1.72	(1.61)	8.50

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First Investors Correlations

First Investors Correlation With Market

Significant diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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