First Eagle Correlations
| FERUXDelisted Fund | USD 24.89 0.00 0.00% |
The current 90-days correlation between First Eagle Gold and First American Funds is 0.06 (i.e., Significant 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
Good diversification
The correlation between First Eagle Gold and DJI is -0.13 (i.e., Good 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.
First |
Moving together with First Mutual Fund
| 0.96 | EAURX | First Eagle Gold | PairCorr |
| 1.0 | FIURX | First Eagle Gold | PairCorr |
| 0.75 | USPSX | Profunds Ultrashort | PairCorr |
| 0.75 | USPIX | Profunds Ultrashort | PairCorr |
| 0.68 | UIPIX | Ultrashort Mid Cap | PairCorr |
Moving against First Mutual Fund
| 0.85 | PYAIX | Payden Absolute Return | PairCorr |
| 0.83 | PYARX | Payden Absolute Return | PairCorr |
| 0.74 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.7 | OPGSX | Oppenheimer Gold Spec Steady Growth | PairCorr |
| 0.7 | OGMCX | Oppenheimer Gold Special Steady Growth | PairCorr |
| 0.61 | SGGDX | First Eagle Gold | PairCorr |
| 0.61 | FEGIX | First Eagle Gold | PairCorr |
| 0.6 | PDI | Pimco Dynamic Income | PairCorr |
| 0.56 | FSAGX | Gold Portfolio Gold Steady Growth | PairCorr |
| 0.56 | FIJDX | Gold Portfolio Fidelity Steady Growth | PairCorr |
| 0.51 | FEGOX | First Eagle Gold | PairCorr |
| 0.88 | LLPFX | Longleaf Partners | PairCorr |
| 0.82 | RQECX | Resq Dynamic Allocation | PairCorr |
| 0.81 | FEMDX | Franklin Emerging Market | PairCorr |
| 0.77 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.77 | AGTHX | Growth Fund | PairCorr |
| 0.77 | VFINX | Vanguard 500 Index | PairCorr |
| 0.76 | BCAAX | Brandywineglobal C | PairCorr |
| 0.76 | LTFOX | Lord Abbett Affiliated | PairCorr |
| 0.75 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.75 | RIV | Rivernorth Opportunities | PairCorr |
| 0.74 | FBALX | Fidelity Balanced | PairCorr |
| 0.73 | VIGAX | Vanguard Growth Index | PairCorr |
| 0.7 | PAHHX | T Rowe Price | PairCorr |
| 0.59 | SCRYX | Small Cap Core | PairCorr |
| 0.58 | SMERX | Invesco Small Cap | PairCorr |
| 0.52 | DPG | Duff And Phelps | PairCorr |
| 0.49 | GAB | Gabelli Equity Trust | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGVXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FPPXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FGXXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FPUXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FGZXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FPZXX | 0.03 | 0.01 | 0.00 | (2.95) | 0.00 | 0.00 | 1.01 | |||
| FYRXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FHELX | 0.12 | 0.00 | (0.17) | (0.15) | 0.19 | 0.43 | 1.80 | |||
| FHEKX | 3.59 | 0.99 | 0.04 | (64.72) | 6.75 | 0.70 | 174.20 |
First Eagle Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Eagle mutual fund to make a market-neutral strategy. Peer analysis of First Eagle could also be used in its relative valuation, which is a method of valuing First Eagle by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in First Eagle Gold?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.