First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Gold
FEGOX Fund  USD 45.24  0.27  0.60%   
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

Average diversification

The correlation between First Eagle Gold and DJI is 0.17 (i.e., Average 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 state.

Moving together with First Mutual Fund

  0.96FEBIX First Eagle GlobalPairCorr
  0.95FEBCX First Eagle GlobalPairCorr
  0.96FEBAX First Eagle GlobalPairCorr
  0.95FEAMX First Eagle FundPairCorr
  0.96FEAIX First Eagle FundPairCorr
  0.96FEBRX First Eagle GlobalPairCorr
  0.96FEFRX First Eagle FundPairCorr
  0.95FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  1.0FEGIX First Eagle GoldPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.89FEMAX First Eagle SmidPairCorr
  1.0SGGDX First Eagle GoldPairCorr
  0.98FEORX First Eagle OverseasPairCorr
  0.97FEREX First Eagle FundsPairCorr
  0.98SGIIX First Eagle GlobalPairCorr
  0.97FERAX First Eagle FundsPairCorr
  0.98FESGX First Eagle GlobalPairCorr
  0.93FESCX First Eagle SmallPairCorr
  0.93FESAX First Eagle SmallPairCorr
  0.97FERRX First Eagle FundsPairCorr
  0.93FESRX First Eagle SmallPairCorr
  0.98FESOX First Eagle OverseasPairCorr
  0.98SGOIX First Eagle OverseasPairCorr
  0.97FEVRX First Eagle ValuePairCorr
  0.97FEVIX First Eagle ValuePairCorr
  0.97FEVAX First Eagle ValuePairCorr
  1.0FEURX First Eagle GoldPairCorr
  0.89FEXRX First Eagle SmidPairCorr
  0.98SGOVX First Eagle OverseasPairCorr
  1.0OPGSX Oppenheimer Gold SpecPairCorr
  1.0OGMCX Oppenheimer Gold SpecialPairCorr
  1.0FSAGX Gold Portfolio GoldPairCorr
  1.0FIJDX Gold Portfolio FidelityPairCorr
  0.7GAAKX Gmo Alternative AlloPairCorr
  0.7GAAGX Gmo Alternative AlloPairCorr
  0.93GPBFX Gmo E PlusPairCorr
  0.92GPMFX Guidepath Managed FuturesPairCorr
  0.95PQTAX Pimco Trends ManagedPairCorr

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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