First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Gold
FEURX Fund  USD 36.78  0.60  1.61%   
The current 90-days correlation between First Eagle Gold and Gabelli Gold Fund is 0.97 (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

Very weak diversification

The correlation between First Eagle Gold and DJI is 0.48 (i.e., Very weak 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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.62FEBIX First Eagle GlobalPairCorr
  0.62FEBCX First Eagle GlobalPairCorr
  0.77FEBAX First Eagle GlobalPairCorr
  0.77FEBRX First Eagle GlobalPairCorr
  1.0FEGOX First Eagle GoldPairCorr
  1.0FEGIX First Eagle GoldPairCorr
  0.79SGGDX First Eagle GoldPairCorr
  0.72FEORX First Eagle OverseasPairCorr
  0.71FESOX First Eagle OverseasPairCorr
  0.78OPGSX Oppenheimer Gold SpecPairCorr
  0.98OGMCX Oppenheimer Gold SpecialPairCorr
  1.0FSAGX Gold Portfolio GoldPairCorr
  1.0FIJDX Gold Portfolio FidelityPairCorr

Moving against First Mutual Fund

  0.78FEMAX First Eagle SmidPairCorr
  0.68FEAMX First Eagle FundPairCorr
  0.68FEAIX First Eagle FundPairCorr
  0.68FEFAX First Eagle FundPairCorr
  0.64FEHAX First Eagle HighPairCorr
  0.63FEHCX First Eagle HighPairCorr
  0.61FEHRX First Eagle HighPairCorr
  0.61FEHIX First Eagle HighPairCorr
  0.6FEFRX First Eagle FundPairCorr
  0.81FEXRX First Eagle SmidPairCorr
  0.78FESRX First Eagle SmallPairCorr
  0.78FESMX First Eagle SmidPairCorr
  0.68TCSUX Cleartrack 2020 ClassPairCorr
  0.66TCTGX Transamerica CleartrackPairCorr
  0.66TCTJX Transamerica CleartrackPairCorr
  0.65TDKTX Cleartrack 2015 ClassPairCorr
  0.51FEVCX First Eagle ValuePairCorr
  0.5FEVIX First Eagle ValuePairCorr
  0.5FEVAX First Eagle ValuePairCorr
  0.49FEVRX First Eagle ValuePairCorr

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.

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