First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVAX Fund  USD 23.24  0.10  0.43%   
The current 90-days correlation between First Eagle Value and T Rowe Price is 0.24 (i.e., Modest 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

Weak diversification

The correlation between First Eagle Value and DJI is 0.33 (i.e., Weak 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

  0.97FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.84FEAMX First Eagle FundPairCorr
  0.99FEAIX First Eagle FundPairCorr
  0.81FEBRX First Eagle GlobalPairCorr
  0.93FEFRX First Eagle FundPairCorr
  0.99FEFAX First Eagle FundPairCorr
  0.76FEGRX First Eagle GlobalPairCorr
  0.77FEGOX First Eagle GoldPairCorr
  0.85FEGIX First Eagle GoldPairCorr
  1.0SGENX First Eagle GlobalPairCorr
  0.88SGGDX First Eagle GoldPairCorr
  0.79FEORX First Eagle OverseasPairCorr
  0.74FEREX First Eagle FundsPairCorr
  0.7SGIIX First Eagle GlobalPairCorr
  0.73FERAX First Eagle FundsPairCorr
  0.83FESGX First Eagle GlobalPairCorr
  0.67FESCX First Eagle SmallPairCorr
  0.66FESAX First Eagle SmallPairCorr
  0.74FERRX First Eagle FundsPairCorr
  0.66FESRX First Eagle SmallPairCorr
  0.8FESOX First Eagle OverseasPairCorr
  0.8FESMX First Eagle SmidPairCorr
  0.9SGOIX First Eagle OverseasPairCorr
  0.84FEVRX First Eagle ValuePairCorr
  0.78FEVIX First Eagle ValuePairCorr
  0.84FEVCX First Eagle ValuePairCorr
  0.88FEURX First Eagle GoldPairCorr
  0.81FEXRX First Eagle SmidPairCorr
  0.8SGOVX First Eagle OverseasPairCorr
  0.85IFAFX Income FundPairCorr
  0.73AMECX Income FundPairCorr
  0.85IFACX Income FundPairCorr

Moving against First Mutual Fund

  0.67FEHCX First Eagle HighPairCorr
  0.57FEHRX First Eagle HighPairCorr
  0.57FEHIX First Eagle HighPairCorr
  0.55FEHAX First Eagle HighPairCorr
  0.83IFN India ClosedPairCorr
  0.58FAIFX American FundsPairCorr
  0.55FFIFX American FundsPairCorr

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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