First Tr Correlations

XFFAX Fund

USD 21.57 0.18 0.84%

The current 90-days correlation between First Tr Enhanced and Vanguard Total Stock is 0.94 (i.e., Almost no diversification). The correlation of First Tr 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 Tr Correlation With Market

Very poor diversification

The correlation between First Tr Enhanced and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tr Enhanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in First Tr Enhanced. 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 nation.

Moving together with First Mutual Fund

0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.87	SPGSX	State Street Premier	Pair Corr
0.66	ISGLX	Columbia Integrated Small	Pair Corr
0.98	VTCLX	Vanguard Tax Managed	Pair Corr
0.93	JGLTX	Global Technology	Pair Corr
0.74	CPRSX	Clarion Partners Real	Pair Corr
0.82	CSOAX	Credit Suisse Strategic	Pair Corr
0.96	ELFNX	Elfun Trusts Elfun	Pair Corr
0.89	CRF	Cornerstone Strategic	Pair Corr
0.94	GSXAX	Aberdeen Small Cap	Pair Corr
0.95	FCSZX	Franklin Vertible	Pair Corr
0.92	ADOIX	Acm Dynamic Opportunity	Pair Corr
0.97	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.9	SBQAX	Americafirst Large Cap	Pair Corr
0.93	RSGFX	Victory Rs Select	Pair Corr
0.74	CSFRX	Columbia Large Cap	Pair Corr
0.93	DIVPX	Mai Managed Volatility	Pair Corr
0.67	DNMDX	Dunham Monthly Distr	Pair Corr
0.89	PCBSX	Blackrock Tactical	Pair Corr
0.86	OTPIX	Nasdaq 100 Profund	Pair Corr
0.96	DWOIX	Dreyfus Research Growth	Pair Corr
0.96	SSMLX	State Street Smallmid	Pair Corr
0.95	QALGX	Federated Mdt Large	Pair Corr
0.92	OAYLX	Oakmark Select	Pair Corr

Moving against First Mutual Fund

0.77	KF	Korea Closed	Pair Corr
0.55	VTIAX	Vanguard Total Inter	Pair Corr
0.52	VGTSX	Vanguard Total Inter	Pair Corr
0.32	RYMJX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	-0.6	-0.62	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	-0.59	-0.6	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	-0.59	-0.61	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	-0.59	-0.61	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	-0.6	-0.61	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	-0.6	-0.61	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	-0.6	-0.61	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		-0.59	-0.6	VFFSX
VGTSX	-0.6	-0.59	-0.59	-0.59	-0.6	-0.6	-0.6	-0.59		0.99	VGTSX
VTIAX	-0.62	-0.6	-0.61	-0.61	-0.61	-0.61	-0.61	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VFIAX	+ 1.0	VTSAX
VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFINX	+ 1.0	VTSAX

High negative correlations

VTIAX	- 0.62	VTSAX
VTIAX	- 0.61	VFINX
VTIAX	- 0.61	VSMPX
VTIAX	- 0.61	VSTSX
VTIAX	- 0.61	VITSX
VTIAX	- 0.61	VTSMX

Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Tr 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 Tr'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
VTSAX	0.56	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.94
VFIAX	0.52	0.05	0.05	0.10	0.72	(0.52)	1.09	(0.96)	5.48
VTSMX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.94)	5.94
VITSX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.95
VSTSX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VSMPX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VFINX	0.53	0.05	0.05	0.10	0.72	(0.53)	1.09	(0.96)	5.48
VFFSX	0.52	0.05	0.05	0.10	0.72	(0.52)	1.09	(0.96)	5.48
VGTSX	0.58	(0.12)	0.00	(0.38)	0.00	0.00	1.13	(1.56)	4.43
VTIAX	0.56	(0.09)	0.00	(0.25)	0.00	0.00	1.14	(1.32)	4.45

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