First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Small
FESCX Fund  USD 12.47  0.15  1.19%   
The current 90-days correlation between First Eagle Small and Growth Allocation Fund is 0.41 (i.e., Very 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 0.92 (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 state and metro area employment, hours, and earnings.

Moving together with First Mutual Fund

  0.9FEBIX First Eagle GlobalPairCorr
  0.91FEBCX First Eagle GlobalPairCorr
  0.91FEBAX First Eagle GlobalPairCorr
  0.84FEAMX First Eagle FundPairCorr
  0.89FEAIX First Eagle FundPairCorr
  0.91FEBRX First Eagle GlobalPairCorr
  0.89FEFRX First Eagle FundPairCorr
  0.89FEFAX First Eagle FundPairCorr
  0.9FEGRX First Eagle GlobalPairCorr
  0.88FEGOX First Eagle GoldPairCorr
  0.88FEGIX First Eagle GoldPairCorr
  0.9SGENX First Eagle GlobalPairCorr
  0.97FEMAX First Eagle SmidPairCorr
  0.88SGGDX First Eagle GoldPairCorr
  0.92FEORX First Eagle OverseasPairCorr
  0.93FEREX First Eagle FundsPairCorr
  0.9SGIIX First Eagle GlobalPairCorr
  0.93FERAX First Eagle FundsPairCorr
  0.9FESGX First Eagle GlobalPairCorr
  1.0FESAX First Eagle SmallPairCorr
  0.93FERRX First Eagle FundsPairCorr
  1.0FESRX First Eagle SmallPairCorr
  0.92FESOX First Eagle OverseasPairCorr
  0.97FESMX First Eagle SmidPairCorr
  0.92SGOIX First Eagle OverseasPairCorr
  0.87FEVRX First Eagle ValuePairCorr
  0.88FEVIX First Eagle ValuePairCorr
  0.87FEVCX First Eagle ValuePairCorr
  0.87FEVAX First Eagle ValuePairCorr
  0.88FEURX First Eagle GoldPairCorr
  0.97FEXRX First Eagle SmidPairCorr
  0.92SGOVX First Eagle OverseasPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.96DFSVX Us Small CapPairCorr

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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