First Investors Correlations

FGINX Fund

USD 15.22 0.05 0.33%

The current 90-days correlation between First Investors Growth and Optimum Small Mid Cap is 0.73 (i.e., Poor 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 Growth and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Investors Growth 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 Growth. 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 board of governors.

Moving together with First Mutual Fund

0.84	IMAAX	Ivy Apollo Multi	Pair Corr
0.92	WASAX	Ivy Asset Strategy	Pair Corr
0.82	OCIEX	Optimum International	Pair Corr
0.9	OCLVX	Optimum Large Cap	Pair Corr
0.65	CXHYX	Delaware National High	Pair Corr
0.86	DLHIX	Delaware Healthcare	Pair Corr
0.77	DLRHX	Delaware Healthcare	Pair Corr
0.62	DMUSX	Delaware Tax Free	Pair Corr
0.77	IRSAX	Ivy Advantus Real	Pair Corr
0.82	OIIEX	Optimum International	Pair Corr
0.91	OILVX	Optimum Large Cap	Pair Corr
1.0	FGIPX	First Investors Growth	Pair Corr

Related Correlations Analysis

	OASGX	OASVX	FICHX	FICGX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX
OASGX		0.97	0.89	0.89	-0.18	-0.74	0.21	0.98	-0.46	OASGX
OASVX	0.97		0.94	0.94	0.0	-0.6	0.37	0.95	-0.31	OASVX
FICHX	0.89	0.94		1.0	0.19	-0.44	0.59	0.91	-0.05	FICHX
FICGX	0.89	0.94	1.0		0.18	-0.45	0.58	0.91	-0.05	FICGX
IMAAX	-0.18	0.0	0.19	0.18		0.74	0.84	-0.14	0.87	IMAAX
OCFIX	-0.74	-0.6	-0.44	-0.45	0.74		0.41	-0.71	0.82	OCFIX
WASAX	0.21	0.37	0.59	0.58	0.84	0.41		0.24	0.76	WASAX
WSGAX	0.98	0.95	0.91	0.91	-0.14	-0.71	0.24		-0.4	WSGAX
OCIEX	-0.46	-0.31	-0.05	-0.05	0.87	0.82	0.76	-0.4		OCIEX
	OASGX	OASVX	FICHX	FICGX	IMAAX	OCFIX	WASAX	WSGAX	OCIEX

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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

FICGX	+ 1.0	FICHX
WSGAX	+ 0.98	OASGX
OASVX	+ 0.97	OASGX
WSGAX	+ 0.95	OASVX
FICHX	+ 0.94	OASVX
FICGX	+ 0.94	OASVX

High negative correlations

OCFIX	- 0.74	OASGX
WSGAX	- 0.71	OCFIX
OCFIX	- 0.6	OASVX
OCIEX	- 0.46	OASGX
OCFIX	- 0.45	FICGX
OCFIX	- 0.44	FICHX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OASGX	1.12	(0.16)	0.00	(0.18)	0.00	0.00	1.96	(3.12)	5.44
OASVX	0.82	(0.09)	0.00	(0.13)	0.00	0.00	1.30	(2.14)	3.77
FICHX	0.93	(0.06)	0.00	(0.10)	0.00	0.00	1.48	(2.21)	5.04
FICGX	0.94	(0.06)	0.00	(0.10)	0.00	0.00	1.42	(2.13)	5.06
IMAAX	0.43	(0.02)	0.00	(0.09)	0.00	0.00	0.98	(0.86)	1.90
OCFIX	0.24	0.01	0.13	0.19	0.25	(0.29)	0.47	(0.57)	1.42
WASAX	0.53	0.01	0.04	(0.01)	0.74	(0.53)	1.11	(1.18)	2.98
WSGAX	1.21	(0.10)	0.00	(0.12)	0.00	0.00	2.02	(3.38)	5.71
OCIEX	0.66	0.09	0.11	0.12	0.87	(0.70)	1.74	(1.43)	5.28

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