First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVIX Fund  USD 23.33  0.08  0.34%   
The current 90-days correlation between First Eagle Value and Virtus Seix Government is 0.12 (i.e., Average 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 poor diversification

The correlation between First Eagle Value and DJI is 0.83 (i.e., Very poor 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 gross domestic product.

Moving together with First Mutual Fund

  0.99FEAMX First Eagle FundPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.99SGIIX First Eagle GlobalPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.97FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  1.0FEVCX First Eagle ValuePairCorr
  1.0FEVAX First Eagle ValuePairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.99FFIFX American FundsPairCorr
  0.98FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr
  0.98AMECX Income FundPairCorr
  0.99RIDBX Income FundPairCorr
  0.99CIMEX Income FundPairCorr
  0.99RIDFX Income FundPairCorr
  0.99CIMCX Income FundPairCorr
  0.99CIMFX Income FundPairCorr
  0.82MGGYX Mirova Global GreenPairCorr
  0.95HLDIX Hartford EmergingPairCorr
  0.95HLDRX Hartford EmergingPairCorr
  0.95HLDAX Hartford EmergingPairCorr
  0.95HLDCX Hartford EmergingPairCorr
  0.95HLDTX Hartford EmergingPairCorr
  0.84BRIIX Baron Real EstatePairCorr
  0.92BGX Blackstone Gso LongPairCorr

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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