First American Correlations

FSCCX Fund

USD 32.49 0.21 0.64%

The current 90-days correlation between First American Investment and Nuveen Mid Cap is 0.94 (i.e., Almost no 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 Investment. 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 main economic indicators.

For more information on how to buy First Mutual Fund please use our How to Invest in First American guide.

Moving together with First Mutual Fund

0.99	EMGRX	Nuveen Small Cap	Pair Corr
0.91	NPSAX	Nuveen Preferred Sec	Pair Corr
0.63	NPSFX	Nuveen Preferred Sec	Pair Corr
0.92	NPSCX	Nuveen Preferred Sec	Pair Corr
0.92	NPSRX	Nuveen Preferred Sec	Pair Corr
0.95	FRMPX	Nuveen Small Cap	Pair Corr
0.63	FRSLX	Nuveen Mid Cap	Pair Corr
0.67	NQCCX	Nuveen Nwq Large	Pair Corr
0.67	NQCAX	Nuveen Nwq Large	Pair Corr
0.99	FACSX	Nuveen Mid Cap	Pair Corr
0.67	NQCRX	Nuveen Nwq Large	Pair Corr
0.64	FAFJX	Nuveen Limited Term	Pair Corr
0.94	NQGIX	Nuveen Nwq Global	Pair Corr
0.64	FAMAX	Nuveen Minnesota Int	Pair Corr
0.86	FAMTX	Nuveen Minnesota Int	Pair Corr
0.68	FSCVX	Nuveen Small Cap	Pair Corr
1.0	FSCWX	Nuveen Small Cap	Pair Corr
1.0	FSCAX	Nuveen Small Cap	Pair Corr
0.99	FSEIX	Nuveen Mid Cap	Pair Corr
0.97	FAQIX	Nuveen Dividend Value	Pair Corr
0.64	FASEX	Nuveen Mid Cap	Pair Corr
0.67	FSHAX	Nuveen Short Term	Pair Corr
0.83	FSFRX	Nuveen Strategic Income	Pair Corr

Related Correlations Analysis

	FSEIX	FISGX	ARSTX	FIMPX	GICIX
FSEIX		0.98	1.0	0.98	0.81	FSEIX
FISGX	0.98		0.98	1.0	0.86	FISGX
ARSTX	1.0	0.98		0.98	0.82	ARSTX
FIMPX	0.98	1.0	0.98		0.87	FIMPX
GICIX	0.81	0.86	0.82	0.87		GICIX
	FSEIX	FISGX	ARSTX	FIMPX	GICIX

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Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First American 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 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSEIX	0.64	0.22	0.09	(4.42)	0.51	(0.71)	1.75	(0.95)	5.13
FISGX	0.78	0.31	0.21	11.58	0.35	(0.93)	2.27	(1.12)	6.24
ARSTX	0.79	0.00	0.14	0.00	0.63	(0.89)	2.03	(1.38)	6.52
FIMPX	0.80	0.33	0.23	8.40	0.43	(1.00)	2.03	(1.29)	5.60
GICIX	0.52	0.22	0.12	(2.28)	0.16	(0.65)	1.31	(0.84)	2.75

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First American Correlations

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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