First American Correlations

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.

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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    HOVLX + 0.93 KNG RWAYL + 0.86 VIASP RWAYL + 0.82 MSTSX HOVLX + 0.81 MSTSX KNG + 0.74 MSTSX 68389XBM6 + 0.69 63938CAM0

High negative correlations    68389XBM6 - 0.52 RWAYL RWAYL - 0.52 63938CAM0 68389XBM6 - 0.52 VIASP 63938CAM0 - 0.52 VIASP 68389XBM6 - 0.43 MSTSX 63938CAM0 - 0.34 MSTSX

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.