First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEAMX Fund  USD 15.14  0.15  1.00%   
The current 90-days correlation between First Eagle Fund and Boston Partners Longshort is 0.03 (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

Average diversification

The correlation between First Eagle Fund and DJI is 0.19 (i.e., Average 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 industry.

Moving together with First Mutual Fund

  0.94FEBIX First Eagle GlobalPairCorr
  0.94FEBCX First Eagle GlobalPairCorr
  0.94FEBAX First Eagle GlobalPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.94FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  1.0FEFAX First Eagle FundPairCorr
  0.72FEGRX First Eagle GlobalPairCorr
  0.83FEGOX First Eagle GoldPairCorr
  0.83FEGIX First Eagle GoldPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.87FEMAX First Eagle SmidPairCorr
  0.83SGGDX First Eagle GoldPairCorr
  0.96FEORX First Eagle OverseasPairCorr
  0.69FEREX First Eagle FundsPairCorr
  0.72SGIIX First Eagle GlobalPairCorr
  0.69FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.71FESCX First Eagle SmallPairCorr
  0.69FESAX First Eagle SmallPairCorr
  0.7FERRX First Eagle FundsPairCorr
  0.7FESRX First Eagle SmallPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.87FESMX First Eagle SmidPairCorr
  0.87SGOIX First Eagle OverseasPairCorr
  0.99FEVRX First Eagle ValuePairCorr
  0.73FEVIX First Eagle ValuePairCorr
  0.99FEVCX First Eagle ValuePairCorr
  0.99FEVAX First Eagle ValuePairCorr
  0.83FEURX First Eagle GoldPairCorr
  0.87FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.86VVIAX Vanguard Value IndexPairCorr
  0.8AWSHX Washington MutualPairCorr
  0.79WSHCX Washington MutualPairCorr

Moving against First Mutual Fund

  0.63FEHCX First Eagle HighPairCorr
  0.56FEHRX First Eagle HighPairCorr
  0.55FEHIX First Eagle HighPairCorr
  0.54FEHAX First Eagle HighPairCorr
  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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