First Tr Correlations

XFFAX Fund

USD 24.00 0.15 0.62%

The current 90-days correlation between First Tr Enhanced and Transamerica Large Cap is 0.03 (i.e., Significant diversification). The correlation of First Tr 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 Tr Correlation With Market

Very weak diversification

The correlation between First Tr Enhanced and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tr Enhanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in First Tr Enhanced. 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.

Moving together with First Mutual Fund

0.78	VTSAX	Vanguard Total Stock	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.65	VITSX	Vanguard Total Stock	Pair Corr
0.78	VSTSX	Vanguard Total Stock	Pair Corr
0.65	VSMPX	Vanguard Total Stock	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.8	VFFSX	Vanguard 500 Index	Pair Corr
0.72	CIF	Mfs Intermediate High	Pair Corr

Moving against First Mutual Fund

0.41

XNBHX

Neuberger Berman Int

Pair Corr

Related Correlations Analysis

	HNLVX	LAAFX	DOXGX	LMUSX	GMLVX	TWQZX
HNLVX		0.85	0.9	0.9	0.83	0.93	HNLVX
LAAFX	0.85		0.93	0.9	0.74	0.94	LAAFX
DOXGX	0.9	0.93		0.95	0.78	0.97	DOXGX
LMUSX	0.9	0.9	0.95		0.74	0.94	LMUSX
GMLVX	0.83	0.74	0.78	0.74		0.83	GMLVX
TWQZX	0.93	0.94	0.97	0.94	0.83		TWQZX
	HNLVX	LAAFX	DOXGX	LMUSX	GMLVX	TWQZX

Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Tr 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 Tr'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
HNLVX	0.99	0.44	0.62	1.10	0.00	(1.19)	1.29	(0.95)	26.68
LAAFX	0.59	0.17	0.24	0.27	0.30	(0.72)	1.10	(0.99)	7.55
DOXGX	0.58	0.05	0.06	0.11	0.57	(0.62)	1.26	(0.89)	3.64
LMUSX	0.61	0.03	0.01	0.09	0.76	(0.62)	1.14	(1.35)	4.94
GMLVX	0.67	0.12	0.13	0.29	0.52	(0.85)	1.47	(1.07)	4.36
TWQZX	0.57	0.15	0.19	0.27	0.43	(0.70)	1.28	(1.13)	3.68

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