First Investors Correlations

Mutual Funds . USA . 
Fund . First Investors Growth
FGIPX Fund  USD 16.04  0.10  0.62%   
The current 90-days correlation between First Investors Growth and Wabmsx is -0.41 (i.e., Very good 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

Poor diversification

The correlation between First Investors Growth and DJI is 0.77 (i.e., Poor 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 american community survey.

Moving together with First Mutual Fund

  0.99OASGX Optimum Small MidPairCorr
  0.97OASVX Optimum Small MidPairCorr
  0.61IMAAX Ivy Apollo MultiPairCorr
  0.66OCFIX Optimum Fixed IncomePairCorr
  0.98WASAX Ivy Asset StrategyPairCorr
  0.97WSGAX Ivy Small CapPairCorr
  0.95OCIEX Optimum InternationalPairCorr
  0.99OCLVX Optimum Large CapPairCorr
  0.8OCLGX Optimum Large CapPairCorr
  0.98OCSGX Optimum Small MidPairCorr
  0.97OCSVX Optimum Small MidPairCorr
  0.65WSTAX Ivy Science AndPairCorr
  0.81DMO Western Asset MortgagePairCorr
  0.99WCEAX Ivy E EquityPairCorr
  0.73DLTZX Delaware Limited TermPairCorr
  0.87DLTRX Delaware Limited TermPairCorr
  0.97IPOAX Ivy Emerging MarketsPairCorr
  0.64DMUSX Delaware Tax FreePairCorr
  0.86IRSAX Ivy Advantus RealPairCorr
  0.75OIFIX Optimum Fixed IncomePairCorr
  0.95OIIEX Optimum InternationalPairCorr
  0.98OILGX Optimum Large CapPairCorr
  0.79OILVX Optimum Large CapPairCorr
  0.77DPCFX Delaware DiversifiedPairCorr
  0.79DPDFX Delaware DiversifiedPairCorr
  0.81DPFFX Delaware DiversifiedPairCorr
  0.98OISGX Optimum Small MidPairCorr

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 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.

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