First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Funds
FEREX Fund  USD 14.80  0.22  1.51%   
The current 90-days correlation between First Eagle Funds and First Eagle Gold is 0.78 (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 poor diversification

The correlation between First Eagle Funds 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 Funds 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 Funds. 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 discontinued.

Moving together with First Mutual Fund

  0.98FEBIX First Eagle GlobalPairCorr
  0.98FEBCX First Eagle GlobalPairCorr
  0.98FEBAX First Eagle GlobalPairCorr
  0.76FEAMX First Eagle FundPairCorr
  0.85FEAIX First Eagle FundPairCorr
  0.98FEBRX First Eagle GlobalPairCorr
  0.85FEFRX First Eagle FundPairCorr
  0.84FEFAX First Eagle FundPairCorr
  0.95FEGRX First Eagle GlobalPairCorr
  0.93FEGOX First Eagle GoldPairCorr
  0.93FEGIX First Eagle GoldPairCorr
  0.9SGENX First Eagle GlobalPairCorr
  0.94FEMAX First Eagle SmidPairCorr
  0.93SGGDX First Eagle GoldPairCorr
  0.97FEORX First Eagle OverseasPairCorr
  0.96SGIIX First Eagle GlobalPairCorr
  1.0FERAX First Eagle FundsPairCorr
  0.9FESGX First Eagle GlobalPairCorr
  0.95FESCX First Eagle SmallPairCorr
  0.95FESAX First Eagle SmallPairCorr
  1.0FERRX First Eagle FundsPairCorr
  0.95FESRX First Eagle SmallPairCorr
  0.96FESOX First Eagle OverseasPairCorr
  0.94FESMX First Eagle SmidPairCorr
  0.99SGOIX First Eagle OverseasPairCorr
  0.86FEVRX First Eagle ValuePairCorr
  0.93FEVIX First Eagle ValuePairCorr
  0.85FEVCX First Eagle ValuePairCorr
  0.86FEVAX First Eagle ValuePairCorr
  0.93FEURX First Eagle GoldPairCorr
  0.94FEXRX First Eagle SmidPairCorr
  0.96SGOVX First Eagle OverseasPairCorr
  0.92CIBCX Capital Income BuilderPairCorr
  0.92CIBFX Capital Income BuilderPairCorr
  0.92CAIBX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FEBIX  0.43  0.20  0.28  0.62  0.00 
(0.54)
 1.01 
(0.65)
 3.13 
FEBCX  0.42  0.20  0.29  0.62  0.00 
(0.53)
 1.00 
(0.63)
 3.15 
FEBAX  0.42  0.20  0.29  0.63  0.00 
(0.54)
 1.00 
(0.65)
 3.11 
FEAMX  0.86  0.40  0.54  0.73  0.00 
(1.14)
 1.51 
(1.08)
 21.13 
FEAIX  0.67  0.24  0.31  0.44  0.21 
(0.86)
 1.49 
(1.08)
 10.47 
FEBRX  0.43  0.21  0.28  0.63  0.00 
(0.54)
 1.01 
(0.65)
 3.13 
FEFRX  0.67  0.24  0.31  0.44  0.20 
(0.86)
 1.49 
(1.08)
 10.47 
FEFAX  0.68  0.25  0.33  0.44  0.23 
(0.86)
 1.49 
(1.08)
 11.06 
FEGRX  0.84  0.15  0.07  0.24  1.67 
(0.90)
 1.34 
(1.15)
 18.84 
FEGOX  1.98  0.46  0.13  0.46  2.95 
(2.13)
 4.57 
(5.06)
 18.19 

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