First Eagle Correlations

FCRX Stock

USD 24.50 0.09 0.37%

The current 90-days correlation between First Eagle Alternative and Great Elm Capital is 0.03 (i.e., Significant diversification). The correlation of First Eagle 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 Eagle Correlation With Market

Good diversification

The correlation between First Eagle Alternative and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Alternative 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 Eagle Alternative. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with First Stock

0.63	V	Visa Class A Fiscal Year End 22nd of October 2024	Pair Corr
0.74	DIST	Distoken Acquisition	Pair Corr
0.61	AB	AllianceBernstein	Pair Corr
0.7	AC	Associated Capital	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.79	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.65	DX	Dynex Capital Sell-off Trend	Pair Corr
0.68	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.87	MA	Mastercard	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.8	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.86	TW	Tradeweb Markets	Pair Corr
0.72	WD	Walker Dunlop	Pair Corr
0.68	VCTR	Victory Capital Holdings	Pair Corr
0.89	DPCS	DP Cap Acquisition	Pair Corr
0.74	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.68	DUET	DUET Acquisition Corp	Pair Corr
0.73	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.83	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against First Stock

0.89	RC	Ready Capital Corp	Pair Corr
0.55	PT	Pintec Technology	Pair Corr
0.74	VINP	Vinci Partners Inves	Pair Corr
0.71	BRACU	Broad Capital Acquisition	Pair Corr
0.58	DMYY	dMY Squared Technology	Pair Corr
0.52	WT	WisdomTree	Pair Corr
0.5	VRTS	Virtus Investment	Pair Corr
0.46	TETEU	Technology Telecommunicatio	Pair Corr
0.32	EMCGR	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	GECCM	TELZ	ATLCL	GECCO
GECCM		0.52	0.46	0.6	GECCM
TELZ	0.52		0.22	0.7	TELZ
ATLCL	0.46	0.22		0.52	ATLCL
GECCO	0.6	0.7	0.52		GECCO
	GECCM	TELZ	ATLCL	GECCO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Eagle Company 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 Eagle'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
GECCM	0.28	0.01	(0.16)	0.50	0.42	(0.39)	0.60	(0.53)	3.56
TELZ	1.79	0.85	0.68	2.62	0.00	(2.35)	2.58	(1.60)	49.14
ATLCL	0.55	0.01	(0.07)	0.14	0.69	(0.58)	1.23	(1.02)	3.39
GECCO	0.26	0.01	(0.19)	0.35	0.23	(0.48)	0.62	(0.61)	2.34

First Eagle Corporate Management

Erik Barrios	Legal VP	Profile
Sabrina Rusnakcarlson	General Counsel, Secretary	Profile
Deborah Mcaneny	Independent Director	Profile
Jennifer CPA	Chief Treasurer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC