First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFRX Fund  USD 28.74  0.15  0.52%   
The current 90-days correlation between First Eagle Fund and Ab Global Risk is 0.85 (i.e., Very 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

Almost no diversification

The correlation between First Eagle Fund and DJI is 0.97 (i.e., Almost no 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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.69FEBIX First Eagle GlobalPairCorr
  0.69FEBCX First Eagle GlobalPairCorr
  0.69FEBAX First Eagle GlobalPairCorr
  1.0FEAMX First Eagle FundPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.69FEBRX First Eagle GlobalPairCorr
  1.0FEFAX First Eagle FundPairCorr
  0.86FEGRX First Eagle GlobalPairCorr
  0.86SGENX First Eagle GlobalPairCorr
  0.93FEMAX First Eagle SmidPairCorr
  0.72FEORX First Eagle OverseasPairCorr
  0.87FEREX First Eagle FundsPairCorr
  0.86SGIIX First Eagle GlobalPairCorr
  0.87FERAX First Eagle FundsPairCorr
  0.86FESGX First Eagle GlobalPairCorr
  0.95FESCX First Eagle SmallPairCorr
  0.95FESAX First Eagle SmallPairCorr
  0.87FERRX First Eagle FundsPairCorr
  0.95FESRX First Eagle SmallPairCorr
  0.72FESOX First Eagle OverseasPairCorr
  0.93FESMX First Eagle SmidPairCorr
  0.72SGOIX First Eagle OverseasPairCorr
  0.95FEVRX First Eagle ValuePairCorr
  0.95FEVIX First Eagle ValuePairCorr
  0.95FEVCX First Eagle ValuePairCorr
  0.95FEVAX First Eagle ValuePairCorr
  0.93FEXRX First Eagle SmidPairCorr
  0.72SGOVX First Eagle OverseasPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr

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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