First Foundation Correlations

FFBAX Fund

USD 11.42 0.01 0.09%

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

Poor diversification

The correlation between First Foundation Fixed and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Foundation Fixed 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 Fixed. 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.

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

0.74	FBBAX	First Foundation Total	Pair Corr
0.75	FBBYX	First Foundation Total	Pair Corr
1.0	FFBYX	First Foundation Fixed	Pair Corr
0.82	DODIX	Dodge Income	Pair Corr
0.82	DOXIX	Dodge Cox Income	Pair Corr
0.92	FIWGX	Strategic Advisers	Pair Corr
0.74	MWTNX	Metropolitan West Total	Pair Corr
0.77	MWTSX	Metropolitan West Total	Pair Corr
0.91	PTTPX	Pimco Total Return	Pair Corr
0.91	PTRRX	Total Return	Pair Corr
0.91	PTRAX	Total Return	Pair Corr
0.91	PTTRX	Total Return	Pair Corr
0.93	PDBSX	Prudential Total Return	Pair Corr
0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.74	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VTIAX	Vanguard Total Inter	Pair Corr
0.74	VFINX	Vanguard 500 Index	Pair Corr
0.74	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VTIUX	Voya Target Retirement	Pair Corr
0.73	FTCCX	Franklin Conservative	Pair Corr
0.7	TFEBX	Tax Exempt Bond	Pair Corr
0.78	BLAVX	Lord Abbett Multi	Pair Corr
0.64	FGFCX	Federated International	Pair Corr
0.67	PGAIX	Pimco Global Multi	Pair Corr
0.72	TRBOX	T Rowe Price	Pair Corr
0.81	RBOFX	Intermediate Bond	Pair Corr
0.72	FFTHX	Fidelity Freedom 2035	Pair Corr
0.72	SUMAX	Stet Short Duration	Pair Corr
0.68	FEQIX	Fidelity Equity Income	Pair Corr
0.74	JRLUX	Multi Index 2045	Pair Corr
0.72	GPAPX	Goldman Sachs Short	Pair Corr
0.68	AMFEX	Aama Equity Fund	Pair Corr

Related Correlations Analysis

	SWSFX	QLENX	OWSBX	ASCLX	TSDCX	LCSAX
SWSFX		0.89	-0.45	0.86	0.88	0.26	SWSFX
QLENX	0.89		-0.44	0.9	0.78	0.22	QLENX
OWSBX	-0.45	-0.44		-0.5	-0.37	-0.07	OWSBX
ASCLX	0.86	0.9	-0.5		0.82	0.29	ASCLX
TSDCX	0.88	0.78	-0.37	0.82		0.14	TSDCX
LCSAX	0.26	0.22	-0.07	0.29	0.14		LCSAX
	SWSFX	QLENX	OWSBX	ASCLX	TSDCX	LCSAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ASCLX	+ 0.9	QLENX
QLENX	+ 0.89	SWSFX
TSDCX	+ 0.88	SWSFX
ASCLX	+ 0.86	SWSFX
TSDCX	+ 0.82	ASCLX
TSDCX	+ 0.78	QLENX

High negative correlations

ASCLX	- 0.5	OWSBX
OWSBX	- 0.45	SWSFX
OWSBX	- 0.44	QLENX
TSDCX	- 0.37	OWSBX
LCSAX	- 0.07	OWSBX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWSFX	0.04	0.00	(0.33)	0.12	0.00	(0.15)	0.10	(0.10)	0.49
QLENX	0.33	0.07	0.12	0.37	0.16	(0.39)	0.85	(0.51)	1.88
OWSBX	0.06	(0.01)	0.00	(1.09)	0.00	0.00	0.10	(0.10)	1.07
ASCLX	0.56	0.25	0.48	1.33	0.00	(0.76)	0.58	(0.58)	17.47
TSDCX	0.04	0.00	0.00	(2.21)	0.00	0.00	0.11	(0.11)	0.44
LCSAX	0.36	0.05	0.03	1.15	0.35	(0.42)	0.94	(0.71)	2.21

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