First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBAX Fund  USD 16.94  0.17  1.01%   
The current 90-days correlation between First Eagle Global and Omni Small Cap Value is -0.05 (i.e., Good 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 Global and DJI is 0.86 (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 Global 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 Global. 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 nation.

Moving together with First Mutual Fund

  0.99FEBIX First Eagle GlobalPairCorr
  1.0FEBCX First Eagle GlobalPairCorr
  0.92FEAMX First Eagle FundPairCorr
  0.95FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.95FEFRX First Eagle FundPairCorr
  0.95FEFAX First Eagle FundPairCorr
  0.93FEGRX First Eagle GlobalPairCorr
  0.98FEGOX First Eagle Gold Steady GrowthPairCorr
  0.98FEGIX First Eagle Gold Steady GrowthPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.99SGGDX First Eagle Gold Steady GrowthPairCorr
  0.93FEREX First Eagle FundsPairCorr
  0.93SGIIX First Eagle GlobalPairCorr
  0.93FERAX First Eagle FundsPairCorr
  0.97FESGX First Eagle GlobalPairCorr
  0.88FESAX First Eagle SmallPairCorr
  0.88FESRX First Eagle SmallPairCorr
  0.99FESOX First Eagle OverseasPairCorr
  0.93FESMX First Eagle SmidPairCorr
  0.97SGOIX First Eagle OverseasPairCorr
  0.96FEVRX First Eagle ValuePairCorr
  0.92FEVIX First Eagle ValuePairCorr
  0.95FEVCX First Eagle ValuePairCorr
  0.96FEVAX First Eagle ValuePairCorr
  0.98FEURX First Eagle Gold Steady GrowthPairCorr
  0.93FEXRX First Eagle SmidPairCorr
  0.99SGOVX First Eagle OverseasPairCorr
  0.93CIBFX Capital Income BuilderPairCorr
  0.93CAIBX Capital Income BuilderPairCorr
  0.93CIBCX Capital Income BuilderPairCorr
  0.93RIRAX Capital Income BuilderPairCorr
  0.93RIREX Capital Income BuilderPairCorr
  0.93RIRCX Capital Income BuilderPairCorr
  0.93RIRFX Capital Income BuilderPairCorr
  0.93CIRCX Capital Income BuilderPairCorr
  0.93CIREX Capital Income BuilderPairCorr

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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