First American Correlations

Money Market Funds . USA . 
Fund . First American Funds
FPPXX Fund  USD 1.00  0.00  0.00%   
The current 90-days correlation between First American Funds and Vanguard Total Stock is -0.02 (i.e., Good diversification). The correlation of First American 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American Funds. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy First Money Market Fund please use our How to Invest in First American guide.

Moving together with First Money Market Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.75VITSX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.76VGTSX Vanguard Total InterPairCorr
  0.76VTIAX Vanguard Total InterPairCorr
  0.61AA Alcoa CorpPairCorr
  0.73CSCO Cisco Systems Sell-off TrendPairCorr
  0.68IBM International Business Earnings Call TodayPairCorr
  0.79DIS Walt DisneyPairCorr
  0.67CAT CaterpillarPairCorr
  0.74BA Boeing Earnings Call This WeekPairCorr
  0.83MSFT Microsoft Earnings Call This WeekPairCorr

Moving against First Money Market Fund

  0.55KO Coca ColaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Money Market Fund performing well and First American Money Market 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 American'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.66  0.26  0.07 (2.81) 0.54 
(0.75)
 2.07 
(1.17)
 5.05 
VFIAX  0.61  0.12  0.13  0.31  0.34 
(0.72)
 2.02 
(0.83)
 4.88 
VTSMX  0.66  0.26  0.08 (2.28) 0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VITSX  0.63  0.12  0.12  0.30  0.35 
(0.72)
 2.07 
(0.84)
 5.05 
VSTSX  0.66  0.26  0.08 (2.29) 0.55 
(0.71)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.26  0.08 (2.29) 0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VFINX  0.62  0.13  0.12  0.32  0.32 
(0.74)
 2.02 
(0.83)
 4.88 
VFFSX  0.65  0.25  0.07 (2.64) 0.55 
(0.70)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.21  0.05 (6.88) 0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.21  0.05 (6.41) 0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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