First Eagle Correlations

FEGOX Fund

USD 26.17 0.28 1.08%

The current 90-days correlation between First Eagle Gold and First Eagle Gold is 0.17 (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

Average diversification

The correlation between First Eagle Gold and DJI is 0.12 (i.e., Average 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 persons.

Moving together with First Mutual Fund

0.92	FEGIX	First Eagle Gold	Pair Corr
0.92	SGGDX	First Eagle Gold	Pair Corr
0.63	FEREX	First Eagle Funds	Pair Corr
0.95	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.95	OGMCX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.92	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.92	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr

Moving against First Mutual Fund

0.6	EAURX	First Eagle Gold	Pair Corr
0.51	FERUX	First Eagle Gold	Pair Corr
0.51	FIURX	First Eagle Gold	Pair Corr
0.41	FSMMX	Fs Multi Strategy	Pair Corr

Related Correlations Analysis

	FEGIX	SGGDX	FGADX	FESGX	OGMCX
FEGIX		1.0	0.93	0.67	0.91	FEGIX
SGGDX	1.0		0.93	0.67	0.91	SGGDX
FGADX	0.93	0.93		0.69	0.99	FGADX
FESGX	0.67	0.67	0.69		0.75	FESGX
OGMCX	0.91	0.91	0.99	0.75		OGMCX
	FEGIX	SGGDX	FGADX	FESGX	OGMCX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEGIX	1.26	(0.02)	0.00	(7.71)	0.00	0.00	2.12	(2.74)	8.67
SGGDX	1.26	0.00	0.00	0.00	0.00	0.00	2.13	(2.78)	8.67
FGADX	1.45	(0.06)	(0.06)	0.00	1.79	(1.55)	3.14	(2.97)	8.98
FESGX	0.42	0.02	(0.15)	(0.32)	0.48	(0.46)	0.86	(0.95)	2.50
OGMCX	1.44	(0.03)	(0.04)	0.04	1.71	(1.57)	2.67	(2.79)	8.66

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