First Tr Correlations

XFFAX Fund

USD 23.87 0.02 0.08%

The current 90-days correlation between First Tr Enhanced and Vanguard Health Care is 0.36 (i.e., Weak 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

Poor diversification

The correlation between First Tr Enhanced and DJI is 0.79 (i.e., Poor 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

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.63	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.68	HILUX	Hartford International	Pair Corr
0.77	FUSRX	Franklin Government	Pair Corr
0.85	IHSUX	Hartford Small	Pair Corr
0.73	MMRCX	Mainstay Moderate	Pair Corr
0.67	FIJJX	Fidelity Advisor Freedom	Pair Corr
0.75	SMRSX	Alpssmith Short Duration	Pair Corr
0.76	VWEAX	Vanguard High Yield	Pair Corr
0.79	FYMAX	Fidelity Advisor Sus	Pair Corr
0.76	BSHIX	Hawaii Municipal Bond	Pair Corr
0.75	FBIOX	Biotechnology Portfolio Potential Growth	Pair Corr
0.72	TFAFX	Tactical Growth Allo	Pair Corr
0.76	BRICX	Blackrock Retirement	Pair Corr
0.68	FUGLX	Fidelity Advisor Freedom	Pair Corr
0.75	VFSTX	Vanguard Short Term	Pair Corr
0.63	TFILX	T Rowe Price	Pair Corr
0.63	DNYIX	Dreyfus New York	Pair Corr
0.73	FKQTX	Franklin Federal Int	Pair Corr
0.81	IISSX	Voya Index Solution	Pair Corr
0.77	DLHRX	Dreyfus High Yield	Pair Corr
0.8	MFLMX	Blackrock S T	Pair Corr

Related Correlations Analysis

	VGHCX	LYFAX	SWHFX	LOGSX	LHCCX	PGHAX	BHCHX	ETAHX
VGHCX		0.93	0.94	0.96	0.96	0.97	0.94	0.73	VGHCX
LYFAX	0.93		0.8	0.92	0.97	0.91	0.94	0.78	LYFAX
SWHFX	0.94	0.8		0.89	0.84	0.87	0.83	0.56	SWHFX
LOGSX	0.96	0.92	0.89		0.96	0.96	0.98	0.77	LOGSX
LHCCX	0.96	0.97	0.84	0.96		0.96	0.98	0.75	LHCCX
PGHAX	0.97	0.91	0.87	0.96	0.96		0.97	0.74	PGHAX
BHCHX	0.94	0.94	0.83	0.98	0.98	0.97		0.75	BHCHX
ETAHX	0.73	0.78	0.56	0.77	0.75	0.74	0.75		ETAHX
	VGHCX	LYFAX	SWHFX	LOGSX	LHCCX	PGHAX	BHCHX	ETAHX

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
VGHCX	0.58	0.12	0.12	0.28	0.47	(0.65)	1.94	(1.24)	4.26
LYFAX	0.84	0.18	0.17	0.31	0.70	(1.02)	2.00	(1.56)	4.78
SWHFX	0.58	0.16	0.17	0.40	0.36	(0.71)	1.97	(1.00)	4.14
LOGSX	0.59	0.08	0.07	0.21	0.66	(0.64)	1.28	(1.14)	4.34
LHCCX	0.71	0.15	0.16	0.31	0.58	(0.84)	1.89	(1.14)	4.51
PGHAX	0.57	0.07	0.05	0.20	0.55	(0.65)	1.45	(1.11)	4.34
BHCHX	0.60	0.13	0.13	0.34	0.49	(0.69)	1.51	(0.93)	4.22
ETAHX	1.02	0.39	0.32	37.39	0.56	(1.18)	3.21	(1.51)	5.64

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First Tr Correlations

First Tr Correlation With Market

Poor diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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