First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Small
FESRX Fund  USD 10.42  0.07  0.67%   
The current 90-days correlation between First Eagle Small and First Eagle Global is 0.24 (i.e., Modest 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

Poor diversification

The correlation between First Eagle Small and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Small 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 Small. 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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.93FEBIX First Eagle GlobalPairCorr
  0.92FEBCX First Eagle GlobalPairCorr
  0.93FEBAX First Eagle GlobalPairCorr
  0.97FEAMX First Eagle FundPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.94FEBRX First Eagle GlobalPairCorr
  0.97FEFRX First Eagle FundPairCorr
  0.95FEFAX First Eagle FundPairCorr
  0.97FEGRX First Eagle GlobalPairCorr
  0.96SGENX First Eagle GlobalPairCorr
  0.98FEMAX First Eagle SmidPairCorr
  0.93FEORX First Eagle OverseasPairCorr
  0.96FEREX First Eagle FundsPairCorr
  0.97SGIIX First Eagle GlobalPairCorr
  0.97FERAX First Eagle FundsPairCorr
  0.96FESGX First Eagle GlobalPairCorr
  0.98FESCX First Eagle SmallPairCorr
  0.98FESAX First Eagle SmallPairCorr
  0.97FERRX First Eagle FundsPairCorr
  0.92FESOX First Eagle OverseasPairCorr
  0.98FESMX First Eagle SmidPairCorr
  0.93SGOIX First Eagle OverseasPairCorr
  0.99FEVRX First Eagle ValuePairCorr
  0.97FEVIX First Eagle ValuePairCorr
  0.99FEVCX First Eagle ValuePairCorr
  0.99FEVAX First Eagle ValuePairCorr
  0.99FEXRX First Eagle SmidPairCorr
  0.92SGOVX First Eagle OverseasPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr

Moving against First Mutual Fund

  0.97USPSX Profunds UltrashortPairCorr
  0.97USPIX Profunds UltrashortPairCorr
  0.78TCTGX Transamerica CleartrackPairCorr
  0.78TCTJX Transamerica CleartrackPairCorr
  0.77TDKTX Cleartrack 2015 ClassPairCorr
  0.75TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
FEBIX  0.32  0.08 (0.10) 0.84  0.07 
(0.39)
 0.79 
(0.54)
 1.61 
FEBCX  0.33  0.11 (0.06)(1.54) 0.00 
(0.39)
 0.78 
(0.54)
 1.64 
FEBAX  0.33  0.11 (0.06)(1.82) 0.00 
(0.40)
 0.79 
(0.54)
 1.60 
FEAMX  0.62  0.04  0.01  0.18  0.55 
(0.70)
 1.48 
(1.16)
 4.23 
FEAIX  0.62  0.04  0.02  0.19  0.54 
(0.70)
 1.51 
(1.18)
 4.32 
FEBRX  0.33  0.08 (0.10) 0.89  0.09 
(0.39)
 0.78 
(0.55)
 1.62 
FEFRX  0.62  0.04  0.02  0.19  0.54 
(0.69)
 1.51 
(1.15)
 4.24 
FEFAX  0.62  0.18  0.05 (2.17) 0.53 
(0.69)
 1.49 
(1.18)
 4.23 
FEGRX  0.40  0.09  0.01  0.39  0.08 
(0.43)
 1.11 
(0.66)
 2.32 
FEGOX  1.35  0.03 (0.04) 0.48  1.88 
(1.37)
 2.46 
(2.99)
 9.95 

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