First Eagle Correlations

SGOIX Fund

USD 25.78 0.33 1.30%

The current 90-days correlation between First Eagle Overseas and First Eagle Global is 0.71 (i.e., Poor 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

Modest diversification

The correlation between First Eagle Overseas and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Overseas and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First Eagle Overseas. 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 gross domestic product.

Moving together with First Mutual Fund

0.91	FEBIX	First Eagle Global	Pair Corr
0.9	FEBCX	First Eagle Global	Pair Corr
0.91	FEBAX	First Eagle Global	Pair Corr
0.73	FEAMX	First Eagle Fund	Pair Corr
0.77	FEAIX	First Eagle Fund	Pair Corr
0.91	FEBRX	First Eagle Global	Pair Corr
0.77	FEFRX	First Eagle Fund	Pair Corr
0.77	FEFAX	First Eagle Fund	Pair Corr
0.95	FEGRX	First Eagle Global	Pair Corr
0.82	FEGOX	First Eagle Gold	Pair Corr
0.82	FEGIX	First Eagle Gold	Pair Corr
0.88	SGENX	First Eagle Global	Pair Corr
0.83	SGGDX	First Eagle Gold	Pair Corr
0.93	FEORX	First Eagle Overseas	Pair Corr
0.85	FEREX	First Eagle Funds	Pair Corr
0.88	SGIIX	First Eagle Global	Pair Corr
0.87	FESGX	First Eagle Global	Pair Corr
0.92	FESOX	First Eagle Overseas	Pair Corr
0.81	FEVRX	First Eagle Value	Pair Corr
0.77	FEVIX	First Eagle Value	Pair Corr
0.76	FEVCX	First Eagle Value	Pair Corr
0.77	FEVAX	First Eagle Value	Pair Corr
0.83	FEURX	First Eagle Gold Steady Growth	Pair Corr
0.93	SGOVX	First Eagle Overseas	Pair Corr
0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.9	VTSNX	Vanguard Total Inter	Pair Corr
0.95	VTPSX	Vanguard Total Inter	Pair Corr
0.95	VTISX	Vanguard Total Inter	Pair Corr
0.92	VTMGX	Vanguard Developed	Pair Corr

Related Correlations Analysis

	SGIIX	TMCGX	ODVYX	DDVIX	ACVIX
SGIIX		0.28	0.7	0.86	0.72	SGIIX
TMCGX	0.28		-0.07	0.29	0.71	TMCGX
ODVYX	0.7	-0.07		0.61	0.33	ODVYX
DDVIX	0.86	0.29	0.61		0.84	DDVIX
ACVIX	0.72	0.71	0.33	0.84		ACVIX
	SGIIX	TMCGX	ODVYX	DDVIX	ACVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DDVIX	+ 0.86	SGIIX
ACVIX	+ 0.84	DDVIX
ACVIX	+ 0.72	SGIIX
ACVIX	+ 0.71	TMCGX
ODVYX	+ 0.7	SGIIX
DDVIX	+ 0.61	ODVYX

High negative correlations

ODVYX

- 0.07

TMCGX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SGIIX	0.44	(0.08)	0.00	(0.24)	0.00	0.00	0.79	(1.01)	3.86
TMCGX	0.78	0.04	0.00	0.17	1.03	(0.78)	1.54	(1.87)	7.40
ODVYX	0.62	(0.13)	0.00	(0.36)	0.00	0.00	1.36	(1.75)	3.59
DDVIX	0.95	(0.45)	0.00	(0.57)	0.00	0.00	1.05	(1.09)	25.76
ACVIX	0.94	(0.06)	(0.05)	(0.01)	1.57	(0.94)	1.70	(1.43)	13.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC