First Trust Correlations

Mutual Funds . USA . 
Fund . First Trust Short
FDHIX Fund  USD 18.05  0.01  0.06%   
The current 90-days correlation between First Trust Short and Guidemark Large Cap is 0.33 (i.e., Weak 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

Weak diversification

The correlation between First Trust Short and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Short 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 Short. 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 gross domestic product.

Moving together with First Mutual Fund

  0.97FTMCX First Trust MultiPairCorr
  1.0FDHCX First Trust ShortPairCorr
  1.0FDHAX First Trust ShortPairCorr
  0.95VARBX Vivaldi Merger ArbitragePairCorr
  0.95VARCX First Trust MergerPairCorr
  0.93VARAX Vivaldi Merger ArbitragePairCorr
  0.69FOVIX First Trust/confluencePairCorr
  0.68FOVCX First Trust/confluencePairCorr
  0.67FOVAX First Trust/confluencePairCorr
  0.95FPEFX First Trust PreferredPairCorr
  0.88FPECX First Trust PreferredPairCorr
  0.96FPERX First Trust PreferredPairCorr
  0.99OOSYX Oppenheimer SeniorPairCorr
  0.98OOSIX Oppenheimer SeniorPairCorr
  0.9LFRIX Floating RatePairCorr
  0.98LARCX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LRRRX Floating RatePairCorr
  0.99LRRTX Floating RatePairCorr
  0.9LRRVX Floating RatePairCorr
  0.9LRRKX Floating RatePairCorr
  0.86SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.86SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.9TTEEX T Rowe PricePairCorr
  0.9TREMX T Rowe PricePairCorr
  0.9CISGX Touchstone Sands CapitalPairCorr
  0.87ONERX One Rock Fund Steady GrowthPairCorr
  0.81CEE Central Europe RussiaPairCorr
  0.7WWWFX Kinetics InternetPairCorr
  0.86LTCFX Alternative StrategiesPairCorr
  0.9VIGAX Vanguard Growth IndexPairCorr
  0.98FVIPX Fidelity Freedom IndexPairCorr
  0.95PMIEX Pnc International EquityPairCorr
  0.92DBOZX Dreyfus Balanced OppPairCorr
  0.97ARBFX Arbitrage FundPairCorr
  0.89IRSMX Voya Target RetirementPairCorr
  0.98CIRCX Capital Income BuilderPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY