First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Overseas
FESOX Fund  USD 23.76  0.30  1.28%   
The current 90-days correlation between First Eagle Overseas and First Eagle Global is 0.9 (i.e., Almost no 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

Average diversification

The correlation between First Eagle Overseas and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Overseas 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 Overseas. 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 persons.

Moving together with First Mutual Fund

  0.99FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.99FEBAX First Eagle GlobalPairCorr
  0.92FEAMX First Eagle FundPairCorr
  0.92FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.92FEFRX First Eagle FundPairCorr
  0.9FEFAX First Eagle FundPairCorr
  0.89FEGRX First Eagle GlobalPairCorr
  0.75FEGOX First Eagle Gold Steady GrowthPairCorr
  0.7FEGIX First Eagle Gold Steady GrowthPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.7SGGDX First Eagle Gold Steady GrowthPairCorr
  1.0FEORX First Eagle OverseasPairCorr
  0.91FEREX First Eagle FundsPairCorr
  0.9SGIIX First Eagle GlobalPairCorr
  0.84FESGX First Eagle GlobalPairCorr
  0.89SGOIX First Eagle OverseasPairCorr
  0.78FEVRX First Eagle ValuePairCorr
  0.93FEVIX First Eagle ValuePairCorr
  0.79FEVCX First Eagle ValuePairCorr
  0.93FEVAX First Eagle ValuePairCorr
  0.78FEURX First Eagle Gold Steady GrowthPairCorr
  1.0SGOVX First Eagle OverseasPairCorr
  0.78VGTSX Vanguard Total InterPairCorr
  0.77VTIAX Vanguard Total InterPairCorr
  0.78VTSNX Vanguard Total InterPairCorr
  0.78VTPSX Vanguard Total InterPairCorr
  0.78VTISX Vanguard Total InterPairCorr
  0.74VTMGX Vanguard DevelopedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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