First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Smid
FEXRX Fund  USD 13.93  0.18  1.31%   
The current 90-days correlation between First Eagle Smid and First Eagle Gold is 0.16 (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

Almost no diversification

The correlation between First Eagle Smid and DJI is 0.94 (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 Smid 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 Smid. 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 real.

Moving together with First Mutual Fund

  0.96FEBIX First Eagle GlobalPairCorr
  0.96FEBCX First Eagle GlobalPairCorr
  0.96FEBAX First Eagle GlobalPairCorr
  0.87FEAMX First Eagle FundPairCorr
  0.93FEAIX First Eagle FundPairCorr
  0.96FEBRX First Eagle GlobalPairCorr
  0.93FEFRX First Eagle FundPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.93FEGRX First Eagle GlobalPairCorr
  0.68FEGOX First Eagle GoldPairCorr
  0.68FEGIX First Eagle GoldPairCorr
  0.7SGENX First Eagle GlobalPairCorr
  1.0FEMAX First Eagle SmidPairCorr
  0.91SGGDX First Eagle GoldPairCorr
  0.96FEORX First Eagle OverseasPairCorr
  0.94FEREX First Eagle FundsPairCorr
  0.93SGIIX First Eagle GlobalPairCorr
  0.94FERAX First Eagle FundsPairCorr
  0.95FESGX First Eagle GlobalPairCorr
  0.99FESCX First Eagle SmallPairCorr
  0.99FESAX First Eagle SmallPairCorr
  0.94FERRX First Eagle FundsPairCorr
  0.99FESRX First Eagle SmallPairCorr
  0.96FESOX First Eagle OverseasPairCorr
  1.0FESMX First Eagle SmidPairCorr
  0.64SGOIX First Eagle OverseasPairCorr
  0.93FEVRX First Eagle ValuePairCorr
  0.63FEVIX First Eagle ValuePairCorr
  0.92FEVCX First Eagle ValuePairCorr
  0.93FEVAX First Eagle ValuePairCorr
  0.91FEURX First Eagle GoldPairCorr
  0.96SGOVX First Eagle OverseasPairCorr
  0.74VSMAX Vanguard Small CapPairCorr
  0.74VSCIX Vanguard Small CapPairCorr
  0.74VSCPX Vanguard Small CapPairCorr

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  0.43  0.20  0.28  0.62  0.00 
(0.54)
 1.01 
(0.65)
 3.13 
FEBCX  0.42  0.20  0.29  0.62  0.00 
(0.53)
 1.00 
(0.63)
 3.15 
FEBAX  0.42  0.20  0.29  0.63  0.00 
(0.54)
 1.00 
(0.65)
 3.11 
FEAMX  0.86  0.40  0.54  0.73  0.00 
(1.14)
 1.51 
(1.08)
 21.13 
FEAIX  0.67  0.24  0.31  0.44  0.21 
(0.86)
 1.49 
(1.08)
 10.47 
FEBRX  0.43  0.21  0.28  0.63  0.00 
(0.54)
 1.01 
(0.65)
 3.13 
FEFRX  0.67  0.24  0.31  0.44  0.20 
(0.86)
 1.49 
(1.08)
 10.47 
FEFAX  0.68  0.25  0.33  0.44  0.23 
(0.86)
 1.49 
(1.08)
 11.06 
FEGRX  0.84  0.15  0.07  0.24  1.67 
(0.90)
 1.34 
(1.15)
 18.84 
FEGOX  2.02  0.54  0.13  1.29  3.02 
(2.18)
 4.57 
(5.06)
 18.19 

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