First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVCX Fund  USD 23.24  0.08  0.34%   
The current 90-days correlation between First Eagle Value and First Eagle Gold is 0.37 (i.e., 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 Value 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 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 services.

Moving together with First Mutual Fund

  0.92FEBIX First Eagle GlobalPairCorr
  0.91FEBCX First Eagle GlobalPairCorr
  0.92FEBAX First Eagle GlobalPairCorr
  0.98FEAMX First Eagle FundPairCorr
  0.99FEAIX First Eagle FundPairCorr
  0.92FEBRX First Eagle GlobalPairCorr
  0.99FEFRX First Eagle FundPairCorr
  0.98FEFAX First Eagle FundPairCorr
  0.86FEGRX First Eagle GlobalPairCorr
  0.89FEGOX First Eagle Gold Steady GrowthPairCorr
  0.89FEGIX First Eagle Gold Steady GrowthPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.91FEMAX First Eagle SmidPairCorr
  0.88SGGDX First Eagle Gold Steady GrowthPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.85FEREX First Eagle FundsPairCorr
  0.86SGIIX First Eagle GlobalPairCorr
  0.85FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.91FESCX First Eagle SmallPairCorr
  0.91FESAX First Eagle SmallPairCorr
  0.85FERRX First Eagle FundsPairCorr
  0.91FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.91FESMX First Eagle SmidPairCorr
  0.89SGOIX First Eagle OverseasPairCorr
  1.0FEVRX First Eagle ValuePairCorr
  0.86FEVIX First Eagle ValuePairCorr
  1.0FEVAX First Eagle ValuePairCorr
  0.89FEURX First Eagle Gold Steady GrowthPairCorr
  0.91FEXRX First Eagle SmidPairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.9IFAFX Income FundPairCorr
  0.89AMECX Income FundPairCorr
  0.9IFACX Income FundPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FEBIX  0.40  0.22  0.25  0.84  0.00 
(0.51)
 1.01 
(0.63)
 3.13 
FEBCX  0.40  0.24  0.25 (5.36) 0.00 
(0.52)
 1.00 
(0.58)
 3.15 
FEBAX  0.40  0.25  0.26 (4.76) 0.00 
(0.52)
 1.00 
(0.63)
 3.11 
FEAMX  0.85  0.41  0.53  0.77  0.00 
(1.12)
 1.51 
(0.88)
 21.13 
FEAIX  0.66  0.25  0.30  0.47  0.12 
(0.85)
 1.49 
(0.91)
 10.47 
FEBRX  0.40  0.22  0.25  0.86  0.00 
(0.51)
 1.01 
(0.64)
 3.13 
FEFRX  0.66  0.25  0.30  0.46  0.16 
(0.85)
 1.49 
(0.91)
 10.47 
FEFAX  0.68  0.31  0.30 (4.70) 0.21 
(0.86)
 1.49 
(0.90)
 11.06 
FEGRX  0.82  0.16  0.07  0.28  1.62 
(0.87)
 1.34 
(1.15)
 18.84 
FEGOX  1.99  0.52  0.14  0.64  3.01 
(2.13)
 4.57 
(5.06)
 18.19 

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