First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Smid
FEXRX Fund  USD 11.46  0.02  0.17%   
The current 90-days correlation between First Eagle Smid and First Eagle Global is 0.27 (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

Very poor diversification

The correlation between First Eagle Smid and DJI is 0.87 (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 Smid 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 Smid. 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
  0.92FEBAX First Eagle GlobalPairCorr
  0.97FEAMX First Eagle FundPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.93FEBRX First Eagle GlobalPairCorr
  0.97FEFRX First Eagle FundPairCorr
  0.94FEFAX First Eagle FundPairCorr
  0.97FEGRX First Eagle GlobalPairCorr
  0.96SGENX First Eagle GlobalPairCorr
  1.0FEMAX First Eagle SmidPairCorr
  0.93FEORX First Eagle OverseasPairCorr
  0.95FEREX First Eagle FundsPairCorr
  0.97SGIIX First Eagle GlobalPairCorr
  0.96FERAX First Eagle FundsPairCorr
  0.96FESGX First Eagle GlobalPairCorr
  0.98FESCX First Eagle SmallPairCorr
  0.98FESAX First Eagle SmallPairCorr
  0.96FERRX First Eagle FundsPairCorr
  0.99FESRX First Eagle SmallPairCorr
  0.92FESOX First Eagle OverseasPairCorr
  1.0FESMX First Eagle SmidPairCorr
  0.93SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.92SGOVX First Eagle OverseasPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr

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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