First Investors Correlations

Mutual Funds . USA . 
Fund . First Investors Select
FICGX Fund  USD 12.83  0.01  0.08%   
The current 90-days correlation between First Investors Select and Catalyst Exceed Defined is 0.91 (i.e., Almost no 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

Very poor diversification

The correlation between First Investors Select and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Select 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 Select. 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 price.

Moving together with First Mutual Fund

  0.99OASGX Optimum Small MidPairCorr
  0.96OASVX Optimum Small MidPairCorr
  0.73IMAAX Ivy Apollo MultiPairCorr
  0.99WASAX Ivy Asset StrategyPairCorr
  0.99WSGAX Ivy Small CapPairCorr
  0.99OCIEX Optimum InternationalPairCorr
  0.98OCLVX Optimum Large CapPairCorr
  0.99OCLGX Optimum Large CapPairCorr
  0.99OCSGX Optimum Small MidPairCorr
  0.96OCSVX Optimum Small MidPairCorr
  0.98WSTAX Ivy Science AndPairCorr
  0.89DMO Western Asset MortgagePairCorr
  0.98WCEAX Ivy E EquityPairCorr
  0.79DLTZX Delaware Limited TermPairCorr
  0.79DLTRX Delaware Limited TermPairCorr
  0.97IPOAX Ivy Emerging MarketsPairCorr
  0.84IRSAX Ivy Advantus RealPairCorr
  0.65OIFIX Optimum Fixed IncomePairCorr
  0.99OIIEX Optimum InternationalPairCorr
  0.99OILGX Optimum Large CapPairCorr
  0.98OILVX Optimum Large CapPairCorr
  0.68DPCFX Delaware DiversifiedPairCorr
  0.71DPDFX Delaware DiversifiedPairCorr
  0.7DPFFX Delaware DiversifiedPairCorr

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