First Investors Correlations

Mutual Funds . USA . 
Fund . First Investors Select
FICHX Fund  USD 15.42  0.19  1.22%   
The current 90-days correlation between First Investors Select and John Hancock Financial is 0.46 (i.e., Very weak 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 Select and DJI is 0.78 (i.e., 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 census.

Moving together with First Mutual Fund

  0.89OCFIX Optimum Fixed IncomePairCorr
  0.84OCLVX Optimum Large CapPairCorr
  0.8DMO Western Asset MortgagePairCorr
  0.93FTNYX Delaware Tax FreePairCorr
  0.85DLHIX Delaware HealthcarePairCorr
  0.85DLHAX Delaware HealthcarePairCorr
  0.83DLRHX Delaware HealthcarePairCorr
  0.83DLTZX Delaware Limited TermPairCorr
  0.83DLTRX Delaware Limited TermPairCorr
  0.91IPOAX Ivy Emerging MarketsPairCorr
  0.92DMHIX Delaware Minnesota HighPairCorr
  0.93DMTFX Delaware Tax FreePairCorr
  0.82IRSAX Ivy Advantus RealPairCorr
  0.9OIFIX Optimum Fixed IncomePairCorr
  0.89OIIEX Optimum InternationalPairCorr
  0.86OILVX Optimum Large CapPairCorr
  0.9DPCFX Delaware DiversifiedPairCorr
  0.79WHIAX Ivy High IncomePairCorr
  0.91DPRRX Delaware ReitPairCorr
  0.96FICGX First Investors SelectPairCorr
  0.85IVINX Ivy Global GrowthPairCorr
  0.86IEYAX Ivy Energy FundPairCorr
  0.86DULTX Delaware InvestmentsPairCorr
  0.64DCZRX Delaware Small CapPairCorr
  0.92VIDAX Delaware Tax FreePairCorr
  0.94DUSIX Delaware Tax FreePairCorr
  0.93DUSCX Delaware Tax FreePairCorr
  0.9IGNAX Ivy Natural ResourcesPairCorr
  0.93DDDRX Delaware Wealth BuilderPairCorr
  0.81DDFLX Delaware Floating RatePairCorr
  0.8DDFFX Delaware Floating RatePairCorr
  0.79DDFCX Delaware Floating RatePairCorr
  0.71DDVIX Delaware ValuePairCorr
  0.68DDVAX Delaware ValuePairCorr
  0.69DDVRX Delaware ValuePairCorr

Related Correlations Analysis


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

SBFAX
+ 0.91
BTO
SBFAX
+ 0.9
RYFIX
RYFIX
+ 0.87
BTO
ICFAX
+ 0.87
BTO
ICFAX
+ 0.87
RYFIX
SBFAX
+ 0.86
ICFAX
  

High negative correlations

SBFAX
- 0.18
PGFMX

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
 
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