First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVAX Fund  USD 25.19  0.16  0.64%   
The current 90-days correlation between First Eagle Value and Dreyfus Technology Growth is 0.1 (i.e., Average 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 Value and DJI is 0.89 (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 Value 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 Value. 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

  0.95FEBIX First Eagle GlobalPairCorr
  0.94FEBCX First Eagle GlobalPairCorr
  0.94FEBAX First Eagle GlobalPairCorr
  0.99FEAMX First Eagle FundPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.95FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.98FEFAX First Eagle FundPairCorr
  0.88FEGRX First Eagle GlobalPairCorr
  0.91FEGIX First Eagle GoldPairCorr
  0.61SGENX First Eagle GlobalPairCorr
  0.93FEMAX First Eagle SmidPairCorr
  0.96FEORX First Eagle OverseasPairCorr
  0.86FEREX First Eagle FundsPairCorr
  0.88SGIIX First Eagle GlobalPairCorr
  0.85FERAX First Eagle FundsPairCorr
  1.0FESGX First Eagle GlobalPairCorr
  0.91FESCX First Eagle SmallPairCorr
  0.9FESAX First Eagle SmallPairCorr
  0.86FERRX First Eagle FundsPairCorr
  0.91FESRX First Eagle SmallPairCorr
  0.96FESOX First Eagle OverseasPairCorr
  0.93FESMX First Eagle SmidPairCorr
  1.0FEVRX First Eagle ValuePairCorr
  1.0FEVCX First Eagle ValuePairCorr
  0.91FEURX First Eagle GoldPairCorr
  0.93FEXRX First Eagle SmidPairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.91IFAFX Income FundPairCorr
  0.93IFACX Income FundPairCorr

Moving against First Mutual Fund

  0.63GABFX Gmo Asset AllocationPairCorr

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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