First Eagle Correlations

FEGIX Fund

USD 39.06 1.10 2.90%

The current 90-days correlation between First Eagle Gold and First Eagle Gold is 1.0 (i.e., No risk reduction). 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

Significant diversification

The correlation between First Eagle Gold and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Gold 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 Gold. 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 gross domestic product.

Moving together with First Mutual Fund

1.0	FEGOX	First Eagle Gold Steady Growth	Pair Corr
1.0	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.87	FEURX	First Eagle Gold Steady Growth	Pair Corr
0.93	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.82	OGMCX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.88	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.99	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr

Related Correlations Analysis

	FEGOX	FGADX	SGGDX	SGIIX	IVAEX
FEGOX		0.85	1.0	0.49	0.38	FEGOX
FGADX	0.85		0.86	0.7	0.6	FGADX
SGGDX	1.0	0.86		0.5	0.39	SGGDX
SGIIX	0.49	0.7	0.5		0.98	SGIIX
IVAEX	0.38	0.6	0.39	0.98		IVAEX
	FEGOX	FGADX	SGGDX	SGIIX	IVAEX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEGOX	1.38	0.04	(0.05)	0.49	1.84	(1.46)	2.57	(2.99)	9.95
FGADX	1.52	0.30	(0.01)	(0.18)	1.98	(1.48)	3.02	(3.22)	11.89
SGGDX	1.38	0.05	(0.05)	0.52	1.84	(1.37)	2.58	(3.00)	9.92
SGIIX	0.40	0.09	(0.03)	0.41	0.00	(0.44)	1.11	(0.67)	2.32
IVAEX	0.34	0.10	0.01	0.39	0.00	(0.40)	1.23	(0.54)	2.35

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First Eagle Correlations

First Eagle Correlation With Market

Significant diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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