First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Small
FESCX Fund  USD 13.24  0.11  0.84%   
The current 90-days correlation between First Eagle Small and First Eagle Gold is 0.39 (i.e., Weak 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

Almost no diversification

The correlation between First Eagle Small and DJI is 0.93 (i.e., Almost no 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 services.

Moving together with First Mutual Fund

  0.97FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.85FEAMX First Eagle FundPairCorr
  0.92FEAIX First Eagle FundPairCorr
  0.97FEBRX First Eagle GlobalPairCorr
  0.92FEFRX First Eagle FundPairCorr
  0.91FEFAX First Eagle FundPairCorr
  0.95FEGRX First Eagle GlobalPairCorr
  0.92FEGOX First Eagle Gold Steady GrowthPairCorr
  0.92FEGIX First Eagle Gold Steady GrowthPairCorr
  0.65FEHRX First Eagle HighPairCorr
  0.65FEHIX First Eagle HighPairCorr
  0.64FEHAX First Eagle HighPairCorr
  0.95SGENX First Eagle GlobalPairCorr
  0.99FEMAX First Eagle SmidPairCorr
  0.92SGGDX First Eagle Gold Steady GrowthPairCorr
  0.97FEORX First Eagle OverseasPairCorr
  0.96FEREX First Eagle FundsPairCorr
  0.95SGIIX First Eagle GlobalPairCorr
  0.96FERAX First Eagle FundsPairCorr
  0.95FESGX First Eagle GlobalPairCorr
  1.0FESAX First Eagle SmallPairCorr
  0.96FERRX First Eagle FundsPairCorr
  1.0FESRX First Eagle SmallPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.99FESMX First Eagle SmidPairCorr
  0.96SGOIX First Eagle OverseasPairCorr
  0.93FEVRX First Eagle ValuePairCorr
  0.95FEVIX First Eagle ValuePairCorr
  0.92FEVCX First Eagle ValuePairCorr
  0.92FEVAX First Eagle ValuePairCorr
  0.92FEURX First Eagle Gold Steady GrowthPairCorr
  0.99FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.99VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr

Moving against First Mutual Fund

  0.75TCSUX Cleartrack 2020 ClassPairCorr
  0.74TCTGX Transamerica CleartrackPairCorr
  0.74TDKTX Cleartrack 2015 ClassPairCorr
  0.74TCTJX Transamerica CleartrackPairCorr

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  0.42  0.20  0.26  0.64  0.00 
(0.53)
 1.01 
(0.65)
 3.13 
FEBCX  0.41  0.20  0.25  0.64  0.00 
(0.52)
 1.00 
(0.63)
 3.15 
FEBAX  0.42  0.20  0.26  0.65  0.00 
(0.53)
 1.00 
(0.65)
 3.11 
FEAMX  0.86  0.42  0.58  0.76  0.00 
(1.13)
 1.51 
(0.88)
 21.13 
FEAIX  0.66  0.25  0.34  0.46  0.07 
(0.86)
 1.49 
(0.91)
 10.47 
FEBRX  0.42  0.20  0.25  0.65  0.00 
(0.53)
 1.01 
(0.65)
 3.13 
FEFRX  0.66  0.25  0.34  0.46  0.10 
(0.85)
 1.49 
(0.91)
 10.47 
FEFAX  0.67  0.26  0.34  0.46  0.10 
(0.86)
 1.49 
(0.90)
 11.06 
FEGRX  0.84  0.15  0.07  0.24  1.66 
(0.89)
 1.34 
(1.15)
 18.84 
FEGOX  1.98  0.46  0.13  0.47  3.03 
(2.10)
 4.57 
(5.06)
 18.19 

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