First American Correlations
| FYRXX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAREX | 0.90 | (0.07) | 0.00 | 0.18 | 0.00 | 1.64 | 4.54 | |||
| TRREX | 1.01 | (0.12) | 0.00 | (2.07) | 0.00 | 1.63 | 6.60 | |||
| MRESX | 0.89 | (0.06) | 0.00 | 0.16 | 0.00 | 1.67 | 4.48 | |||
| FORFX | 0.05 | 0.03 | 0.00 | 4.56 | 0.00 | 0.11 | 0.32 | |||
| NMMRF | 0.07 | 0.03 | 0.00 | 0.38 | 0.00 | 0.00 | 2.35 | |||
| CREFX | 0.89 | 0.03 | 0.00 | (0.03) | 0.00 | 1.59 | 4.82 | |||
| ZRPTUX | 0.08 | (0.01) | 0.00 | (0.42) | 0.00 | 0.15 | 0.98 |