First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVCX Fund  USD 21.00  0.07  0.33%   
The current 90-days correlation between First Eagle Value and Wabmsx is 0.05 (i.e., Significant 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

Significant diversification

The correlation between First Eagle Value and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Value 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 Value. 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 main economic indicators.

Moving together with First Mutual Fund

  0.96FEBIX First Eagle GlobalPairCorr
  0.64FEBCX First Eagle GlobalPairCorr
  0.96FEBAX First Eagle GlobalPairCorr
  0.8FEAMX First Eagle FundPairCorr
  0.8FEAIX First Eagle FundPairCorr
  0.64FEBRX First Eagle GlobalPairCorr
  0.8FEFRX First Eagle FundPairCorr
  0.8FEFAX First Eagle FundPairCorr
  0.99FEGRX First Eagle GlobalPairCorr
  0.71SGENX First Eagle GlobalPairCorr
  0.71FEMAX First Eagle SmidPairCorr
  0.62FEORX First Eagle OverseasPairCorr
  0.71FEREX First Eagle FundsPairCorr
  0.71SGIIX First Eagle GlobalPairCorr
  0.7FERAX First Eagle FundsPairCorr
  0.71FESGX First Eagle GlobalPairCorr
  0.73FESCX First Eagle SmallPairCorr
  0.71FERRX First Eagle FundsPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.71FESMX First Eagle SmidPairCorr
  0.61SGOIX First Eagle OverseasPairCorr
  0.76FEVRX First Eagle ValuePairCorr
  0.76FEVIX First Eagle ValuePairCorr
  0.76FEVAX First Eagle ValuePairCorr
  0.71FEXRX First Eagle SmidPairCorr
  0.61SGOVX First Eagle OverseasPairCorr
  0.72FFIFX American FundsPairCorr
  0.72FAIFX American FundsPairCorr
  0.72IFACX Income FundPairCorr
  0.72IFAFX Income FundPairCorr
  0.7AMECX Income FundPairCorr

Moving against First Mutual Fund

  0.33FEHCX 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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