First Foundation Correlations

FFBYX Fund

USD 11.24 0.01 0.09%

The current 90-days correlation between First Foundation Fixed and First Foundation Total is 0.19 (i.e., Average 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

Weak diversification

The correlation between First Foundation Fixed and DJI is 0.32 (i.e., Weak 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 manufacturing.

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

0.88	FBBAX	First Foundation Total	Pair Corr
0.88	FBBYX	First Foundation Total	Pair Corr
1.0	FFBAX	First Foundation Fixed	Pair Corr
0.9	MWTNX	Metropolitan West Total	Pair Corr
0.91	MWTSX	Metropolitan West Total	Pair Corr
0.94	PTTPX	Pimco Total Return	Pair Corr
0.93	PTRRX	Total Return	Pair Corr
0.93	PTRAX	Total Return	Pair Corr
0.95	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.95	DODIX	Dodge Income	Pair Corr
0.92	MWTIX	Metropolitan West Total	Pair Corr
0.91	MWTRX	Metropolitan West Total	Pair Corr
0.66	RYMEX	Commodities Strategy	Pair Corr
0.65	RYMJX	Commodities Strategy	Pair Corr
0.66	RYMBX	Commodities Strategy	Pair Corr
0.84	BRUFX	Bruce Fund Bruce	Pair Corr
0.84	SPGSX	State Street Premier	Pair Corr
0.91	KF	Korea Closed	Pair Corr
0.86	VFIFX	Vanguard Target Reti	Pair Corr
0.79	AUNTX	Ab Municipal Bond	Pair Corr
0.9	RAETX	American Funds 2030	Pair Corr
0.84	NWJCX	Nationwide Ziegler Nyse	Pair Corr
0.92	MHEIX	Mh Elite Income	Pair Corr
0.87	ASPGX	Astor Star Fund	Pair Corr
0.84	GCECX	Ab Global E	Pair Corr
0.97	RCBGX	American Funds Porate	Pair Corr
0.93	SEDAX	Siit Emerging Markets	Pair Corr
0.85	BDBKX	Blackrock Small Cap	Pair Corr
0.85	JHBJX	John Hancock Funds	Pair Corr
0.87	RAMTX	American Funds 2055	Pair Corr
0.83	RYFIX	Financial Services	Pair Corr
0.8	FPPIX	Fidelity Advisor 529	Pair Corr
0.93	EMKAX	Ashmore Emerging Markets	Pair Corr
0.86	WFOPX	Wells Fargo Opportunity	Pair Corr
0.96	CSBYX	Columbia Short Term	Pair Corr
0.84	SUTZX	Ab Sustainable Thematic	Pair Corr
0.82	PIIJX	Diversified International	Pair Corr

Moving against First Mutual Fund

0.75

ABPRX

Ab Large Cap

Pair Corr

Related Correlations Analysis

	FBBAX	FFBAX	HRNRX	ANBIX	IPYSX	PREPX	FMSRX	MSSGX	RYIFX	BGKEX
FBBAX		0.88	0.98	0.8	0.94	0.66	0.97	0.94	0.92	0.97	FBBAX
FFBAX	0.88		0.86	0.85	0.86	0.63	0.86	0.81	0.84	0.84	FFBAX
HRNRX	0.98	0.86		0.74	0.97	0.68	0.99	0.93	0.89	0.98	HRNRX
ANBIX	0.8	0.85	0.74		0.7	0.54	0.71	0.79	0.79	0.75	ANBIX
IPYSX	0.94	0.86	0.97	0.7		0.75	0.97	0.9	0.9	0.96	IPYSX
PREPX	0.66	0.63	0.68	0.54	0.75		0.72	0.72	0.72	0.67	PREPX
FMSRX	0.97	0.86	0.99	0.71	0.97	0.72		0.93	0.91	0.97	FMSRX
MSSGX	0.94	0.81	0.93	0.79	0.9	0.72	0.93		0.88	0.94	MSSGX
RYIFX	0.92	0.84	0.89	0.79	0.9	0.72	0.91	0.88		0.9	RYIFX
BGKEX	0.97	0.84	0.98	0.75	0.96	0.67	0.97	0.94	0.9		BGKEX
	FBBAX	FFBAX	HRNRX	ANBIX	IPYSX	PREPX	FMSRX	MSSGX	RYIFX	BGKEX

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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
FBBAX	0.42	0.16	0.15	0.66	0.00	(0.53)	1.22	(0.67)	2.52
FFBAX	0.21	0.01	(0.37)	0.31	0.11	(0.27)	0.45	(0.36)	1.08
HRNRX	1.07	0.27	0.22	0.37	0.87	(1.27)	2.45	(1.52)	6.88
ANBIX	0.14	0.03	(0.39)	(6.72)	0.00	(0.16)	0.29	(0.29)	0.97
IPYSX	0.15	0.03	(0.45)	0.37	0.00	(0.22)	0.46	(0.23)	0.94
PREPX	0.60	0.00	(0.07)	0.14	0.80	(0.64)	1.41	(1.28)	4.36
FMSRX	0.52	0.09	0.06	0.28	0.35	(0.61)	1.42	(1.03)	3.05
MSSGX	1.24	0.14	0.12	0.25	1.07	(1.44)	2.81	(1.83)	6.41
RYIFX	0.34	0.05	(0.16)	1.42	0.29	(0.39)	0.74	(0.62)	1.94
BGKEX	0.63	0.21	0.18	0.52	0.16	(0.74)	1.93	(1.13)	4.46

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