First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle High
FEHCX Fund  USD 8.05  0.01  0.12%   
The current 90-days correlation between First Eagle High and Wilmington Trust Retirement is 0.14 (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 High and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle High 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 High. 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 manufacturing.

Moving together with First Mutual Fund

  0.92FEHRX First Eagle HighPairCorr
  0.99FEHIX First Eagle HighPairCorr
  0.98FEHAX First Eagle HighPairCorr
  0.61NHMRX Nuveen High YieldPairCorr
  0.66NHMFX Nuveen High YieldPairCorr

Moving against First Mutual Fund

  0.72FEGIX First Eagle GoldPairCorr
  0.71FEGOX First Eagle GoldPairCorr
  0.71SGGDX First Eagle GoldPairCorr
  0.63FEAMX First Eagle FundPairCorr
  0.62FESGX First Eagle GlobalPairCorr
  0.61FEFRX First Eagle FundPairCorr
  0.61FEFAX First Eagle FundPairCorr
  0.61SGENX First Eagle GlobalPairCorr
  0.6FEAIX First Eagle FundPairCorr
  0.57FEBIX First Eagle GlobalPairCorr
  0.57FEBCX First Eagle GlobalPairCorr
  0.57FEBAX First Eagle GlobalPairCorr
  0.57FEBRX First Eagle GlobalPairCorr
  0.56FEORX First Eagle OverseasPairCorr
  0.56FESOX First Eagle OverseasPairCorr
  0.47FEREX First Eagle FundsPairCorr
  0.47FERRX First Eagle FundsPairCorr
  0.46SGIIX First Eagle GlobalPairCorr
  0.45FERAX First Eagle FundsPairCorr
  0.44FEGRX First Eagle GlobalPairCorr
  0.32FESCX First Eagle SmallPairCorr
  0.31FESAX First Eagle SmallPairCorr
  0.31FESRX First Eagle SmallPairCorr
  0.72FEURX First Eagle GoldPairCorr
  0.65TTEEX T Rowe PricePairCorr
  0.65TREMX T Rowe PricePairCorr
  0.64FEVCX First Eagle ValuePairCorr
  0.63FEVRX First Eagle ValuePairCorr
  0.63FEVAX First Eagle ValuePairCorr
  0.56SGOVX First Eagle OverseasPairCorr
  0.49FEVIX First Eagle ValuePairCorr
  0.45FESMX First Eagle SmidPairCorr
  0.45FEXRX First Eagle SmidPairCorr
  0.44SGOIX First Eagle OverseasPairCorr
  0.36SMPSX Semiconductor UltrasectorPairCorr

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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