First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Gold
FEGIX Fund  USD 72.29  1.53  2.16%   
The current 90-days correlation between First Eagle Gold and The Hartford Equity is 0.18 (i.e., Average 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 Gold and DJI is 0.85 (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 Gold 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 Gold. 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

  0.62FEAMX First Eagle FundPairCorr
  0.9FEFRX First Eagle FundPairCorr
  1.0FEGOX First Eagle GoldPairCorr
  0.93SGENX First Eagle GlobalPairCorr
  0.92FEMAX First Eagle SmidPairCorr
  0.97SGGDX First Eagle GoldPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.92FEREX First Eagle FundsPairCorr
  0.91SGIIX First Eagle GlobalPairCorr
  0.9FERAX First Eagle FundsPairCorr
  0.93FESGX First Eagle GlobalPairCorr
  0.92FESCX First Eagle SmallPairCorr
  0.92FESAX First Eagle SmallPairCorr
  0.92FERRX First Eagle FundsPairCorr
  0.92FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.92FESMX First Eagle SmidPairCorr
  0.95SGOIX First Eagle OverseasPairCorr
  0.91FEVRX First Eagle ValuePairCorr
  0.91FEVIX First Eagle ValuePairCorr
  0.9FEVCX First Eagle ValuePairCorr
  0.97FEURX First Eagle GoldPairCorr
  0.92FEXRX First Eagle SmidPairCorr
  0.97OPGSX Oppenheimer Gold Spec Steady GrowthPairCorr
  1.0OGMCX Oppenheimer Gold Special Steady GrowthPairCorr
  1.0FSAGX Gold Portfolio Gold Steady GrowthPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TRSSX  0.97  0.26  0.25  0.38  0.54 
(1.17)
 2.05 
(1.63)
 11.70 
RPBAX  0.44  0.12  0.12  0.37  0.13 
(0.54)
 0.85 
(0.69)
 5.96 
PFPWX  0.61  0.03  0.03  0.13  0.58 
(0.66)
 1.44 
(1.15)
 3.29 
PARWX  0.81  0.22  0.28  0.34  0.28 
(1.03)
 1.51 
(1.15)
 14.42 
BGRFX  1.29  0.24  0.14  0.88  1.03 
(1.71)
 2.04 
(1.73)
 30.35 
PRNEX  0.95  0.47  0.42  1.05  0.37 
(1.27)
 2.48 
(1.43)
 8.26 
SEQUX  0.65  0.03 (0.06) 0.47  0.92 
(0.58)
 1.24 
(1.42)
 4.56 
TRRGX  0.31  0.07  0.02  0.27  0.00 
(0.40)
 0.63 
(0.55)
 3.91 
HRAUX  0.81 (0.08)(0.07) 0.02  0.99 
(0.89)
 1.47 
(1.86)
 4.06 
HQIIX  0.76  0.25  0.42  0.33  0.00 
(0.96)
 1.50 
(0.94)
 14.99 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY