First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEAIX Fund  USD 32.17  0.04  0.12%   
The current 90-days correlation between First Eagle Fund and Legg Mason Partners is -0.17 (i.e., Good 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

Very good diversification

The correlation between First Eagle Fund and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund 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 Fund. 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 census.

Moving together with First Mutual Fund

  0.93FEBIX First Eagle GlobalPairCorr
  0.92FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.94FEAMX First Eagle FundPairCorr
  0.92FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.94FEFAX First Eagle FundPairCorr
  0.93FEGRX First Eagle GlobalPairCorr
  0.91FEGOX First Eagle GoldPairCorr
  0.91FEGIX First Eagle GoldPairCorr
  0.76FEHRX First Eagle HighPairCorr
  0.68FEHIX First Eagle HighPairCorr
  0.75FEHCX First Eagle HighPairCorr
  0.75FEHAX First Eagle HighPairCorr
  0.93SGENX First Eagle GlobalPairCorr
  0.87FEMAX First Eagle SmidPairCorr
  0.91SGGDX First Eagle GoldPairCorr
  0.93FEORX First Eagle OverseasPairCorr
  0.89FEREX First Eagle FundsPairCorr
  0.93SGIIX First Eagle GlobalPairCorr
  0.94FERAX First Eagle FundsPairCorr
  0.93FESGX First Eagle GlobalPairCorr
  0.96FESCX First Eagle SmallPairCorr
  0.96FESAX First Eagle SmallPairCorr
  0.94FERRX First Eagle FundsPairCorr
  0.96FESRX First Eagle SmallPairCorr
  0.93FESOX First Eagle OverseasPairCorr
  0.94FESMX First Eagle SmidPairCorr
  0.93SGOIX First Eagle OverseasPairCorr
  0.93FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.93FEVAX First Eagle ValuePairCorr
  0.91FEURX First Eagle GoldPairCorr
  0.94FEXRX First Eagle SmidPairCorr
  0.93SGOVX First Eagle OverseasPairCorr
  0.88VVIAX Vanguard Value IndexPairCorr
  0.74DOXGX Dodge Cox StockPairCorr
  0.85AFMFX American MutualPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between First Mutual Fund performing well and First Eagle 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 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.

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