First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVCX Fund  USD 21.65  0.09  0.42%   
The current 90-days correlation between First Eagle Value and Omni Small Cap Value is 0.21 (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 0.32 (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 manufacturing.

Moving together with First Mutual Fund

  0.9FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.83FEAMX First Eagle FundPairCorr
  0.99FEAIX First Eagle FundPairCorr
  0.97FEBRX First Eagle GlobalPairCorr
  0.99FEFRX First Eagle FundPairCorr
  0.99FEFAX First Eagle FundPairCorr
  0.71FEGRX First Eagle GlobalPairCorr
  0.77FEGOX First Eagle GoldPairCorr
  0.85FEGIX First Eagle GoldPairCorr
  1.0SGENX First Eagle GlobalPairCorr
  0.88SGGDX First Eagle GoldPairCorr
  0.98FEORX First Eagle OverseasPairCorr
  0.69FEREX First Eagle FundsPairCorr
  0.71SGIIX First Eagle GlobalPairCorr
  0.76FERAX First Eagle FundsPairCorr
  0.82FESGX First Eagle GlobalPairCorr
  0.71FESCX First Eagle SmallPairCorr
  0.7FESAX First Eagle SmallPairCorr
  0.76FERRX First Eagle FundsPairCorr
  0.71FESRX First Eagle SmallPairCorr
  0.98FESOX First Eagle OverseasPairCorr
  0.8FESMX First Eagle SmidPairCorr
  0.9SGOIX First Eagle OverseasPairCorr
  1.0FEVRX First Eagle ValuePairCorr
  0.64FEVIX First Eagle ValuePairCorr
  0.94FEVAX First Eagle ValuePairCorr
  0.85FEURX First Eagle GoldPairCorr
  0.89FEXRX First Eagle SmidPairCorr
  0.98SGOVX First Eagle OverseasPairCorr
  0.78IFAFX Income FundPairCorr
  0.72AMECX Income FundPairCorr
  0.75IFACX Income FundPairCorr

Moving against First Mutual Fund

  0.66FEHCX First Eagle HighPairCorr
  0.59FEHRX First Eagle HighPairCorr
  0.56FEHIX First Eagle HighPairCorr
  0.54FEHAX First Eagle HighPairCorr
  0.85IFN India ClosedPairCorr
  0.53FFIFX American FundsPairCorr
  0.53FAIFX 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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