First Eagle Correlations

FCRX Stock

USD 25.09 0.05 0.20%

The current 90-days correlation between First Eagle Alternative and PennantPark Floating Rate is 0.18 (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

Poor diversification

The correlation between First Eagle Alternative and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Alternative and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Eagle Alternative. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with First Stock

0.74	BBUC	Brookfield Business Corp	Pair Corr
0.82	SPT6	Beta Systems Software	Pair Corr
0.76	HHI	Henderson High Income	Pair Corr
0.82	BK	Bank of New York	Pair Corr
0.64	CG	Carlyle Group Earnings Call Today	Pair Corr
0.65	RA	Brookfield Real Assets	Pair Corr
0.64	WT	WisdomTree	Pair Corr
0.82	JLEN	JLEN Environmental Assets	Pair Corr
0.74	MNG	MG Plc	Pair Corr
0.67	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.63	SII	Sprott Inc	Pair Corr
0.77	CTPE	CT Private Equity	Pair Corr
0.79	LBS	Life Banc Split	Pair Corr

Moving against First Stock

0.48	55O1	Apollo Investment Corp	Pair Corr
0.77	IPX	Impax Asset Management	Pair Corr
0.61	DYCQ	DT Cloud Acquisition	Pair Corr
0.41	MFG	Magellan Financial Earnings Call This Week	Pair Corr
0.33	OEQ	Orion Equities	Pair Corr
0.76	KUR-H	Kure Technologies	Pair Corr
0.72	SHVA	SHOU HLDGS LTD	Pair Corr
0.55	ATY	Athelney Trust plc	Pair Corr

Related Correlations Analysis

	PFLT	BCSF	BBDC	CGBD	GAINI	NMFC	HQH	ASIC	NRDS
PFLT		0.36	0.83	0.77	0.27	-0.19	0.57	-0.28	-0.39	PFLT
BCSF	0.36		0.62	0.79	0.39	0.58	0.36	0.37	0.32	BCSF
BBDC	0.83	0.62		0.86	0.38	0.01	0.58	0.11	-0.33	BBDC
CGBD	0.77	0.79	0.86		0.4	0.28	0.64	0.11	0.06	CGBD
GAINI	0.27	0.39	0.38	0.4		0.03	0.45	0.59	0.09	GAINI
NMFC	-0.19	0.58	0.01	0.28	0.03		-0.2	0.26	0.79	NMFC
HQH	0.57	0.36	0.58	0.64	0.45	-0.2		0.08	-0.11	HQH
ASIC	-0.28	0.37	0.11	0.11	0.59	0.26	0.08		0.26	ASIC
NRDS	-0.39	0.32	-0.33	0.06	0.09	0.79	-0.11	0.26		NRDS
	PFLT	BCSF	BBDC	CGBD	GAINI	NMFC	HQH	ASIC	NRDS

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CGBD	+ 0.86	BBDC
BBDC	+ 0.83	PFLT
CGBD	+ 0.79	BCSF
NRDS	+ 0.79	NMFC
CGBD	+ 0.77	PFLT
HQH	+ 0.64	CGBD

High negative correlations

NRDS	- 0.39	PFLT
NRDS	- 0.33	BBDC
ASIC	- 0.28	PFLT
HQH	- 0.2	NMFC
NMFC	- 0.19	PFLT
NRDS	- 0.11	HQH

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Eagle Company 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFLT	0.85	(0.01)	(0.04)	0.06	1.06	(0.90)	1.95	(1.66)	4.47
BCSF	1.05	0.02	(0.02)	0.11	1.35	(1.06)	2.90	(2.13)	6.32
BBDC	0.78	0.02	(0.03)	0.12	0.92	(0.84)	1.68	(1.45)	4.59
CGBD	1.01	0.01	(0.02)	0.10	1.24	(1.05)	2.23	(2.09)	5.52
GAINI	0.19	(0.01)	(0.19)	(0.03)	0.37	(0.18)	0.35	(0.39)	1.98
NMFC	1.04	(0.18)	0.00	(0.21)	0.00	0.00	2.64	(1.98)	8.09
HQH	1.00	0.09	0.06	0.20	1.00	(1.16)	2.64	(1.70)	6.53
ASIC	1.79	(0.02)	0.00	0.28	0.00	0.00	3.97	(3.74)	8.64
NRDS	2.32	(0.30)	0.00	(0.16)	0.00	0.00	4.66	(5.47)	21.79

First Eagle Corporate Management

Sabrina Rusnakcarlson	General Counsel, Secretary	Profile
Deborah Mcaneny	Independent Director	Profile
Jennifer CPA	Chief Treasurer	Profile
Erik Barrios	Chief Officer	Profile

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