First Investors Correlations

FGINX Fund

USD 15.96 0.03 0.19%

The current 90-days correlation between First Investors Growth and Optimum Small Mid Cap is 0.04 (i.e., Significant diversification). The correlation of First Investors 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 Investors Correlation With Market

Good diversification

The correlation between First Investors Growth and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Growth 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 Investors Growth. 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 board of governors.

Moving together with First Mutual Fund

0.72	OASVX	Optimum Small Mid	Pair Corr
0.77	WASAX	Ivy Asset Strategy	Pair Corr
0.69	OCLVX	Optimum Large Cap	Pair Corr
0.66	OCLGX	Optimum Large Cap	Pair Corr
0.95	OCSVX	Optimum Small Mid	Pair Corr
0.89	DLTRX	Delaware Limited Term	Pair Corr
0.95	OISVX	Optimum Small Mid	Pair Corr
0.62	WHIAX	Ivy High Income	Pair Corr
0.96	DPREX	Delaware Reit	Pair Corr
0.63	IEYAX	Ivy Energy Fund	Pair Corr
0.65	DULTX	Delaware Investments	Pair Corr
0.7	IGNAX	Ivy Natural Resources	Pair Corr
0.73	DDVIX	Delaware Value	Pair Corr
0.65	DDVRX	Delaware Value	Pair Corr
0.61	DEDCX	Delaware Emerging Markets	Pair Corr
0.96	DEMCX	Delaware Emerging Markets	Pair Corr
0.68	VVIAX	Vanguard Value Index	Pair Corr
0.71	DOXGX	Dodge Cox Stock	Pair Corr
0.76	AFMFX	American Mutual	Pair Corr
0.76	FFMMX	American Funds American	Pair Corr
0.76	FFFMX	American Funds American	Pair Corr
0.68	AMRMX	American Mutual	Pair Corr
0.68	AMFFX	American Mutual	Pair Corr
0.68	AMFCX	American Mutual	Pair Corr
0.71	DODGX	Dodge Stock Fund	Pair Corr
0.68	VIVAX	Vanguard Value Index	Pair Corr
0.66	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.66	RYVLX	Nasdaq 100 2x	Pair Corr
0.66	RYVYX	Nasdaq 100 2x	Pair Corr
0.66	UOPIX	Ultra Nasdaq 100	Pair Corr
0.97	RYCCX	Nasdaq 100 2x	Pair Corr
0.66	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.69	INPIX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX
OASGX		0.97	0.44	0.61	0.99	0.71	0.65	0.84	0.84	1.0	OASGX
OASVX	0.97		0.4	0.59	0.95	0.66	0.61	0.83	0.8	0.97	OASVX
IMAAX	0.44	0.4		0.27	0.46	0.44	0.4	0.52	0.56	0.44	IMAAX
OCFIX	0.61	0.59	0.27		0.63	0.38	0.37	0.51	0.48	0.61	OCFIX
WASAX	0.99	0.95	0.46	0.63		0.74	0.69	0.85	0.85	0.99	WASAX
WSGAX	0.71	0.66	0.44	0.38	0.74		0.98	0.64	0.65	0.71	WSGAX
OCIEX	0.65	0.61	0.4	0.37	0.69	0.98		0.58	0.58	0.65	OCIEX
OCLVX	0.84	0.83	0.52	0.51	0.85	0.64	0.58		0.98	0.84	OCLVX
OCLGX	0.84	0.8	0.56	0.48	0.85	0.65	0.58	0.98		0.84	OCLGX
OCSGX	1.0	0.97	0.44	0.61	0.99	0.71	0.65	0.84	0.84		OCSGX
	OASGX	OASVX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX	OCLVX	OCLGX	OCSGX

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Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Investors 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 Investors' 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
OASGX	0.87	0.38	0.22	(3.21)	0.42	(1.07)	2.67	(1.17)	6.95
OASVX	0.84	0.29	0.14	(1.62)	0.66	(1.02)	2.41	(1.29)	6.81
IMAAX	0.03	0.01	0.00	1.89	0.00	0.00	0.00	0.00	0.34
OCFIX	0.24	0.02	(0.32)	(3.91)	0.20	(0.30)	0.47	(0.46)	1.27
WASAX	0.34	0.19	0.15	159.13	0.00	(0.41)	1.26	(0.53)	2.37
WSGAX	0.88	0.28	0.11	(2.00)	0.82	(0.98)	2.29	(1.44)	4.95
OCIEX	0.50	0.24	0.17	(2.17)	0.00	(0.63)	1.25	(0.83)	3.22
OCLVX	0.54	0.11	0.10	0.30	0.32	(0.67)	1.46	(0.84)	3.86
OCLGX	0.75	0.30	0.38	0.54	0.00	(0.98)	2.39	(1.08)	5.62
OCSGX	0.86	0.37	0.23	(3.19)	0.38	(1.19)	2.62	(1.17)	6.89

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First Investors Correlations

First Investors Correlation With Market

Good diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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