First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEAMX Fund  USD 15.83  0.12  0.75%   
The current 90-days correlation between First Eagle Fund and Jhancock Real Estate is 0.07 (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

Very poor diversification

The correlation between First Eagle Fund 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 Fund 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 Fund. 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 state.

Moving together with First Mutual Fund

  0.87FEBIX First Eagle GlobalPairCorr
  0.87FEBCX First Eagle GlobalPairCorr
  0.87FEBAX First Eagle GlobalPairCorr
  0.99FEAIX First Eagle FundPairCorr
  0.87FEBRX First Eagle GlobalPairCorr
  0.99FEFRX First Eagle FundPairCorr
  0.99FEFAX First Eagle FundPairCorr
  0.8FEGRX First Eagle GlobalPairCorr
  0.84FEGOX First Eagle GoldPairCorr
  0.84FEGIX First Eagle GoldPairCorr
  0.97SGENX First Eagle GlobalPairCorr
  0.87FEMAX First Eagle SmidPairCorr
  0.84SGGDX First Eagle GoldPairCorr
  0.9FEORX First Eagle OverseasPairCorr
  0.76FEREX First Eagle FundsPairCorr
  0.8SGIIX First Eagle GlobalPairCorr
  0.76FERAX First Eagle FundsPairCorr
  0.97FESGX First Eagle GlobalPairCorr
  0.85FESCX First Eagle SmallPairCorr
  0.85FESAX First Eagle SmallPairCorr
  0.76FERRX First Eagle FundsPairCorr
  0.85FESRX First Eagle SmallPairCorr
  0.9FESOX First Eagle OverseasPairCorr
  0.87FESMX First Eagle SmidPairCorr
  0.81SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.8FEVIX First Eagle ValuePairCorr
  0.99FEVCX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.84FEURX First Eagle GoldPairCorr
  0.87FEXRX First Eagle SmidPairCorr
  0.9SGOVX First Eagle OverseasPairCorr
  0.84VVIAX Vanguard Value IndexPairCorr
  0.88AWSHX Washington MutualPairCorr
  0.87WSHCX Washington MutualPairCorr

Moving against First Mutual Fund

  0.65ERH Allspring Utilities AndPairCorr
  0.43AMRMX American MutualPairCorr

Related Correlations Analysis


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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