First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FESGX Fund  USD 72.68  0.29  0.40%   
The current 90-days correlation between First Eagle Global and Ivy Asset Strategy is 0.94 (i.e., Almost no 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 Global and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Global 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 Global. 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 price.

Moving together with First Mutual Fund

  0.95FEBCX First Eagle GlobalPairCorr
  0.84FEAMX First Eagle FundPairCorr
  0.8FEAIX First Eagle FundPairCorr
  0.91FEBRX First Eagle GlobalPairCorr
  0.8FEFRX First Eagle FundPairCorr
  0.85FEFAX First Eagle FundPairCorr
  0.94FEGRX First Eagle GlobalPairCorr
  0.94SGENX First Eagle GlobalPairCorr
  0.94SGIIX First Eagle GlobalPairCorr
  0.83FESCX First Eagle SmallPairCorr
  0.83FESAX First Eagle SmallPairCorr
  0.94FERRX First Eagle FundsPairCorr
  0.88FESMX First Eagle SmidPairCorr
  0.92SGOIX First Eagle OverseasPairCorr
  0.91FEVRX First Eagle ValuePairCorr
  0.91FEVIX First Eagle ValuePairCorr
  0.9FEVCX First Eagle ValuePairCorr
  0.9FEVAX First Eagle ValuePairCorr
  0.88FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.99RIRAX Capital Income BuilderPairCorr
  0.95RIREX Capital Income BuilderPairCorr
  0.95RIRCX Capital Income BuilderPairCorr
  0.95RIRFX Capital Income BuilderPairCorr
  0.99CIRCX Capital Income BuilderPairCorr
  0.95CIREX Capital Income BuilderPairCorr
  0.95RIRBX Capital Income BuilderPairCorr
  0.95CAIFX Capital Income BuilderPairCorr
  0.95CIRFX Capital Income BuilderPairCorr
  0.95CIRAX Capital Income BuilderPairCorr
  0.85SMPIX Semiconductor UltrasectorPairCorr
  0.9SMPSX Semiconductor UltrasectorPairCorr
  0.8TTEEX T Rowe PricePairCorr

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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