First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Global
FEBCX Fund  USD 17.76  0.05  0.28%   
The current 90-days correlation between First Eagle Global and First Eagle Global is -0.07 (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 0.83 (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 services.

Moving together with First Mutual Fund

  0.99FEBIX First Eagle GlobalPairCorr
  1.0FEBAX First Eagle GlobalPairCorr
  0.83FEAMX First Eagle FundPairCorr
  0.91FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.91FEFRX First Eagle FundPairCorr
  0.91FEFAX First Eagle FundPairCorr
  0.95FEGRX First Eagle GlobalPairCorr
  0.93FEGOX First Eagle Gold Steady GrowthPairCorr
  0.93FEGIX First Eagle Gold Steady GrowthPairCorr
  0.74FEHRX First Eagle HighPairCorr
  0.74FEHIX First Eagle HighPairCorr
  0.68FEHCX First Eagle HighPairCorr
  0.74FEHAX First Eagle HighPairCorr
  0.96SGENX First Eagle GlobalPairCorr
  0.96FEMAX First Eagle SmidPairCorr
  0.94SGGDX First Eagle Gold Steady GrowthPairCorr
  0.99FEORX First Eagle OverseasPairCorr
  0.98FEREX First Eagle FundsPairCorr
  0.95SGIIX First Eagle GlobalPairCorr
  0.98FERAX First Eagle FundsPairCorr
  0.95FESGX First Eagle GlobalPairCorr
  0.96FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  0.98FERRX First Eagle FundsPairCorr
  0.96FESRX First Eagle SmallPairCorr
  0.99FESOX First Eagle OverseasPairCorr
  0.96FESMX First Eagle SmidPairCorr
  0.99SGOIX First Eagle OverseasPairCorr
  0.92FEVRX First Eagle ValuePairCorr
  0.93FEVIX First Eagle ValuePairCorr
  0.91FEVCX First Eagle ValuePairCorr
  0.92FEVAX First Eagle ValuePairCorr
  0.93FEURX First Eagle Gold Steady GrowthPairCorr
  0.96FEXRX First Eagle SmidPairCorr
  0.99SGOVX First Eagle OverseasPairCorr
  0.98CIBFX Capital Income BuilderPairCorr
  0.98CAIBX Capital Income BuilderPairCorr
  0.98CIBCX 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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