First Eagle Correlations

Delisted . USA . 
Fund . First Eagle Gold
FERUXDelisted Fund  USD 24.89  0.00  0.00%   
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 Gold and DJI is -0.02 (i.e., Good 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. 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 employment.

Moving together with First Mutual Fund

  0.96EAURX First Eagle GoldPairCorr
  1.0FIURX First Eagle GoldPairCorr

Moving against First Mutual Fund

  0.77OPGSX Oppenheimer Gold SpecPairCorr
  0.77OGMCX Oppenheimer Gold SpecialPairCorr
  0.7SGGDX First Eagle GoldPairCorr
  0.7FEGIX First Eagle GoldPairCorr
  0.7FEGOX First Eagle GoldPairCorr
  0.7FSAGX Gold Portfolio Gold Potential GrowthPairCorr
  0.7FIJDX Gold Portfolio Fidelity Potential GrowthPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.64COGVX Cognios Large CapPairCorr
  0.85CCD Calamos Dynamic ConvPairCorr
  0.78USA Liberty All StarPairCorr
  0.76NBHCX Neuberger Berman EquityPairCorr
  0.75EKWAX Wells Fargo AdvantagePairCorr
  0.72JLGMX Jpmorgan Large CapPairCorr
  0.72FDSVX Fidelity Growth DiscoveryPairCorr
  0.7FGDAX Gold Portfolio Fidelity Potential GrowthPairCorr
  0.69ISNSX Voya Solution 2050PairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.67SPMJX Invesco Steelpath MlpPairCorr
  0.67WLGAX Ivy Large CapPairCorr
  0.67FBGRX Fidelity Blue ChipPairCorr
  0.65FSMVX Fidelity Mid CapPairCorr
  0.61AMDVX Mid Cap ValuePairCorr
  0.58GAB Gabelli Equity TrustPairCorr
  0.51FSELX Fidelity Select SemiPairCorr
  0.51QMHIX Aqr Managed FuturesPairCorr
  0.85BULIX Utilities Fund InvestorPairCorr
  0.78PDI Pimco Dynamic IncomePairCorr
  0.77NBHAX Neuberger Berman EquityPairCorr
  0.77XCAPX Acap StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CRM
+ 0.9
META
UBER
+ 0.73
META
T
+ 0.71
META
XOM
+ 0.68
META
CRM
+ 0.67
T
JPM
+ 0.67
CRM
  
High negative correlations   
MRK
- 0.87
CRM
MRK
- 0.66
META
MRK
- 0.65
JPM
MRK
- 0.58
T
XOM
- 0.51
MRK
MRK
- 0.37
UBER

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.08  0.11  0.05  0.30  1.20 
(1.27)
 2.62 
(1.87)
 8.02 
MSFT  0.88 (0.06)(0.06) 0.09  1.43 
(0.86)
 2.08 
(1.85)
 8.19 
UBER  1.59 (0.10)(0.03) 0.07  2.03 
(1.78)
 2.97 
(2.34)
 20.10 
F  1.40 (0.10) 0.00  0.09  2.20 
(1.37)
 2.77 
(2.54)
 11.72 
T  0.91  0.24  0.06 (3.02) 1.00 
(0.99)
 2.56 
(1.86)
 6.47 
A  1.01 (0.07)(0.11) 0.00  1.44 
(0.94)
 2.11 
(2.11)
 9.02 
CRM  1.16  0.23  0.21  0.38  0.73 
(1.38)
 3.16 
(1.60)
 7.07 
JPM  1.08 (0.05) 0.05  0.13  1.42 
(1.11)
 2.05 
(2.00)
 15.87 
MRK  0.79 (0.17) 0.00 (1.30) 0.00 
 0.00 
 1.68 
(2.07)
 4.89 
XOM  1.04 (0.03)(0.07) 0.10  1.39 
(1.05)
 2.14 
(2.66)
 5.78 

First Eagle Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Eagle mutual fund to make a market-neutral strategy. Peer analysis of First Eagle could also be used in its relative valuation, which is a method of valuing First Eagle by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in First Eagle Gold?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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