First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Funds
FERAX Fund  USD 12.01  0.11  0.91%   
The current 90-days correlation between First Eagle Funds and Ab High Income is 0.1 (i.e., Average 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

Good diversification

The correlation between First Eagle Funds and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Funds 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 Funds. 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 nation.

Moving together with First Mutual Fund

  0.97FEBIX First Eagle GlobalPairCorr
  0.99FEBCX First Eagle GlobalPairCorr
  0.99FEBAX First Eagle GlobalPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.97FEBRX First Eagle GlobalPairCorr
  0.96FEFRX First Eagle FundPairCorr
  0.97FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.96FEMAX First Eagle SmidPairCorr
  0.96FEORX First Eagle OverseasPairCorr
  1.0FEREX First Eagle FundsPairCorr
  0.97FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  1.0FERRX First Eagle FundsPairCorr
  0.95FESMX First Eagle SmidPairCorr
  0.96SGOIX First Eagle OverseasPairCorr
  0.97FEVRX First Eagle ValuePairCorr
  0.95FEXRX First Eagle SmidPairCorr
  0.98RIRAX Capital Income BuilderPairCorr
  0.98RIRCX Capital Income BuilderPairCorr
  0.98RIRFX Capital Income BuilderPairCorr
  0.98RIRBX Capital Income BuilderPairCorr
  0.98CAIFX Capital Income BuilderPairCorr
  0.98CIRFX Capital Income BuilderPairCorr
  0.99CIRAX Capital Income BuilderPairCorr
  0.95RMOMX Victory Rs MidPairCorr
  0.96TRSTX T Rowe PricePairCorr
  0.96MSHYX High Yield PortfolioPairCorr

Moving against First Mutual Fund

  0.35FEHCX 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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