First Investors Correlations

FGIPX Fund

USD 15.21 0.04 0.26%

The current 90-days correlation between First Investors Growth and Fidelity Series Government is 0.18 (i.e., Average 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 0.75 (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 american community survey.

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

Related Correlations Analysis

	FHNFX	SSAGX	FCSCX	FIKPX	RGVBX	UGSFX	TWACX
FHNFX		0.9	0.92	1.0	0.97	1.0	0.93	FHNFX
SSAGX	0.9		0.98	0.9	0.91	0.91	0.97	SSAGX
FCSCX	0.92	0.98		0.91	0.92	0.94	0.97	FCSCX
FIKPX	1.0	0.9	0.91		0.96	1.0	0.92	FIKPX
RGVBX	0.97	0.91	0.92	0.96		0.97	0.96	RGVBX
UGSFX	1.0	0.91	0.94	1.0	0.97		0.94	UGSFX
TWACX	0.93	0.97	0.97	0.92	0.96	0.94		TWACX
	FHNFX	SSAGX	FCSCX	FIKPX	RGVBX	UGSFX	TWACX

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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
FHNFX	0.23	0.00	0.15	0.00	0.23	(0.26)	0.55	(0.45)	1.23
SSAGX	0.06	0.01	0.44	(0.91)	0.00	(0.16)	0.10	(0.10)	0.51
FCSCX	0.06	0.01	0.33	0.80	0.00	(0.18)	0.13	(0.13)	0.66
FIKPX	0.24	0.01	0.14	3.58	0.22	(0.28)	0.56	(0.44)	1.34
RGVBX	0.24	0.02	0.19	(0.40)	0.20	(0.30)	0.52	(0.43)	1.39
UGSFX	0.25	0.02	0.15	0.73	0.24	(0.30)	0.60	(0.50)	1.55
TWACX	0.09	0.01	0.33	(0.25)	0.00	(0.14)	0.22	(0.11)	0.45

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First Investors Correlations

First Investors Correlation With Market

Poor diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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