First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEAMX Fund  USD 15.54  0.12  0.78%   
The current 90-days correlation between First Eagle Fund and Touchstone Premium Yield is 0.63 (i.e., Poor 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 poor diversification

The correlation between First Eagle Fund and DJI is 0.88 (i.e., Very poor 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 population.

Moving together with FIRST Mutual Fund

  0.96FEBIX First Eagle GlobalPairCorr
  0.94FEBCX First Eagle GlobalPairCorr
  0.94FEBAX First Eagle GlobalPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.96FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.98FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.97SGENX First Eagle GlobalPairCorr
  0.96FEMAX First Eagle SmidPairCorr
  0.94FEORX First Eagle OverseasPairCorr
  0.97FEREX First Eagle FundsPairCorr
  0.98SGIIX First Eagle GlobalPairCorr
  0.96FERAX First Eagle FundsPairCorr
  0.98FESGX First Eagle GlobalPairCorr
  0.97FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  0.97FERRX First Eagle FundsPairCorr
  0.97FESRX First Eagle SmallPairCorr
  0.93FESOX First Eagle OverseasPairCorr
  0.97FESMX First Eagle SmidPairCorr
  0.94SGOIX First Eagle OverseasPairCorr
  0.99FEVRX First Eagle ValuePairCorr
  0.99FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.99FEVAX First Eagle ValuePairCorr
  0.97FEXRX First Eagle SmidPairCorr
  0.93SGOVX First Eagle OverseasPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr

Moving against FIRST Mutual Fund

  0.41FEHCX First Eagle HighPairCorr
  0.35FEHAX First Eagle HighPairCorr
  0.34FEHIX First Eagle HighPairCorr
  0.32FEHRX First Eagle HighPairCorr

Related Correlations Analysis

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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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