First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBIX Fund  USD 13.70  0.01  0.07%   
The current 90-days correlation between First Eagle Global and Blackrock Gbl Alloc is 0.71 (i.e., Poor 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 weak diversification

The correlation between First Eagle Global and DJI is 0.42 (i.e., Very weak 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 gross domestic product.

Moving together with First Mutual Fund

  0.99FEBCX First Eagle GlobalPairCorr
  1.0FEBAX First Eagle GlobalPairCorr
  1.0FEBRX First Eagle GlobalPairCorr
  0.83FEGRX First Eagle GlobalPairCorr
  0.71FEGOX First Eagle GoldPairCorr
  0.71FEGIX First Eagle GoldPairCorr
  0.83SGENX First Eagle GlobalPairCorr
  0.71SGGDX First Eagle GoldPairCorr
  0.93FEORX First Eagle OverseasPairCorr
  0.84FEREX First Eagle FundsPairCorr
  0.83SGIIX First Eagle GlobalPairCorr
  0.84FERAX First Eagle FundsPairCorr
  0.85FESGX First Eagle GlobalPairCorr
  0.84FERRX First Eagle FundsPairCorr
  0.92FESOX First Eagle OverseasPairCorr
  0.93SGOIX First Eagle OverseasPairCorr
  0.71FEURX First Eagle GoldPairCorr
  0.93SGOVX First Eagle OverseasPairCorr
  0.91RIRAX Capital Income BuilderPairCorr
  0.9RIREX Capital Income BuilderPairCorr
  0.9RIRCX Capital Income BuilderPairCorr

Related Correlations Analysis

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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   
IVAEX
+ 0.93
MALOX
FPACX
+ 0.86
IVAEX
FPACX
+ 0.77
MALOX
SGOIX
+ 0.58
TGBAX
SGOIX
+ 0.46
MALOX
SGOIX
+ 0.42
IVAEX
  
High negative correlations   
TGBAX
- 0.68
FPACX
TGBAX
- 0.31
IVAEX
TGBAX
- 0.12
MALOX

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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