First Foundation Correlations

FBBYX Fund

USD 28.04 0.04 0.14%

The current 90-days correlation between First Foundation Total and Chartwell Short Duration is 0.24 (i.e., Modest diversification). The correlation of First Foundation 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 Foundation Correlation With Market

Very poor diversification

The correlation between First Foundation Total and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Total 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 Foundation Total. 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 services.

For more information on how to buy First Mutual Fund please use our How to Invest in First Foundation guide.

Moving together with First Mutual Fund

0.98	FBBAX	First Foundation Total	Pair Corr
0.67	FFBAX	First Foundation Fixed	Pair Corr
0.68	FFBYX	First Foundation Fixed	Pair Corr
0.83	IFAFX	Income Fund	Pair Corr
0.81	AMECX	Income Fund	Pair Corr
0.81	IFACX	Income Fund	Pair Corr
0.81	FFIFX	American Funds	Pair Corr
0.81	FAIFX	American Funds	Pair Corr
0.81	RIDBX	Income Fund	Pair Corr
0.82	CIMEX	Income Fund	Pair Corr
0.82	RIDFX	Income Fund	Pair Corr
0.82	CIMCX	Income Fund	Pair Corr
0.82	CIMFX	Income Fund	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.86	FTPCX	First Trust Private	Pair Corr
0.9	DSCGX	Dfa Small	Pair Corr
0.83	NSCFX	Nuveen Nwq Small	Pair Corr
0.83	ACMIX	Absolute Capital Defender	Pair Corr
0.97	FARIX	Fulcrum Diversified	Pair Corr
0.86	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.72	GABTX	Gamco Global Telecom	Pair Corr
0.81	SRGCX	Stringer Growth	Pair Corr
0.82	FEPUX	American Funds Europ	Pair Corr
0.83	JAAYX	Jpmorgan Smartretirement	Pair Corr
0.79	SPGSX	State Street Premier	Pair Corr
0.83	WIGOX	Wasatch Global Oppor Potential Growth	Pair Corr
0.97	SWJRX	Schwab Monthly Income	Pair Corr
0.83	ABLSX	American Beacon Balanced	Pair Corr
0.79	FFSIX	Fidelity Advisor Fin	Pair Corr

Moving against First Mutual Fund

0.46

TEAF

Ecofin Sustainable And

Pair Corr

Related Correlations Analysis

	JSNIX	FSHAX	BDMKX	CMGUX	ASDCX	PRMDX	SUSAX	CWFIX
JSNIX		0.95	0.87	0.98	0.94	0.93	0.99	0.95	JSNIX
FSHAX	0.95		0.93	0.97	0.91	0.97	0.95	0.94	FSHAX
BDMKX	0.87	0.93		0.85	0.85	0.93	0.83	0.91	BDMKX
CMGUX	0.98	0.97	0.85		0.92	0.94	0.99	0.93	CMGUX
ASDCX	0.94	0.91	0.85	0.92		0.89	0.94	0.96	ASDCX
PRMDX	0.93	0.97	0.93	0.94	0.89		0.92	0.92	PRMDX
SUSAX	0.99	0.95	0.83	0.99	0.94	0.92		0.93	SUSAX
CWFIX	0.95	0.94	0.91	0.93	0.96	0.92	0.93		CWFIX
	JSNIX	FSHAX	BDMKX	CMGUX	ASDCX	PRMDX	SUSAX	CWFIX

Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Foundation 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 Foundation'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JSNIX	0.06	0.01	(0.22)	0.37	(0.17)	0.11	(0.11)	0.54
FSHAX	0.03	0.00	0.00	0.60	0.00	0.10	0.00	0.41
BDMKX	0.04	0.00	(0.31)	(0.04)	(0.11)	0.11	(0.11)	0.22
CMGUX	0.03	0.01	0.00	(3.23)	0.00	0.00	0.00	0.44
ASDCX	0.03	0.00	0.00	0.14	0.00	0.10	(0.10)	0.30
PRMDX	0.03	0.00	0.00	(0.29)	0.00	0.19	0.00	0.39
SUSAX	0.04	0.01	0.00	(4.25)	0.00	0.10	(0.10)	0.51
CWFIX	0.06	0.01	(0.12)	1.73	(0.13)	0.10	(0.10)	0.83

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