First American Correlations
FATXX Fund | USD 1.00 0.00 0.00% |
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.
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
QGMIX | 0.37 | 0.10 | 0.39 | (0.73) | 0.17 | 0.83 | 2.42 | |||
WRLDX | 0.64 | 0.04 | 0.00 | (0.01) | 0.00 | 1.24 | 2.96 | |||
MFIRX | 0.11 | 0.02 | 0.29 | 0.92 | 0.00 | 0.19 | 0.77 | |||
ANAZX | 0.18 | 0.00 | 0.23 | (0.02) | 0.18 | 0.44 | 1.32 | |||
DODWX | 0.83 | (0.07) | 0.00 | (0.17) | 0.00 | 1.28 | 13.09 | |||
MGKAX | 1.04 | (0.14) | 0.00 | (0.24) | 0.00 | 1.57 | 14.60 | |||
GWOAX | 0.61 | 0.07 | 0.11 | 0.04 | 0.80 | 1.29 | 3.92 | |||
HRLAX | 0.36 | 0.08 | 0.22 | 0.27 | 0.42 | 0.83 | 2.05 |