First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Small
FESAX Fund  USD 11.57  0.10  0.86%   
The current 90-days correlation between First Eagle Small and Columbia Diversified Equity is 0.86 (i.e., Very 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 Small and DJI is 0.81 (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 Small 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 Small. 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 nation.

Moving together with First Mutual Fund

  0.64FEBCX First Eagle GlobalPairCorr
  0.69FEAMX First Eagle FundPairCorr
  0.74FEAIX First Eagle FundPairCorr
  0.63FEBRX First Eagle GlobalPairCorr
  0.74FEFRX First Eagle FundPairCorr
  0.73FEFAX First Eagle FundPairCorr
  0.66FEGRX First Eagle GlobalPairCorr
  0.7SGENX First Eagle GlobalPairCorr
  0.7FEORX First Eagle OverseasPairCorr
  0.83FEREX First Eagle FundsPairCorr
  0.66SGIIX First Eagle GlobalPairCorr
  0.83FERAX First Eagle FundsPairCorr
  0.71FESGX First Eagle GlobalPairCorr
  1.0FESCX First Eagle Small Potential GrowthPairCorr
  0.83FERRX First Eagle FundsPairCorr
  1.0FESRX First Eagle Small Potential GrowthPairCorr
  0.7FESOX First Eagle OverseasPairCorr
  0.89FESMX First Eagle SmidPairCorr
  0.69SGOIX First Eagle OverseasPairCorr
  0.69FEVRX First Eagle ValuePairCorr
  0.65FEVIX First Eagle ValuePairCorr
  0.69FEVCX First Eagle ValuePairCorr
  0.69FEVAX First Eagle ValuePairCorr
  0.89FEXRX First Eagle SmidPairCorr
  0.7SGOVX First Eagle OverseasPairCorr
  0.93VSIIX Vanguard Small CapPairCorr
  0.93VISVX Vanguard Small CapPairCorr
  0.86DFSVX Us Small CapPairCorr
  0.88DFFVX Us Targeted ValuePairCorr

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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