First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Overseas
SGOVX Fund  USD 26.52  0.08  0.30%   
The current 90-days correlation between First Eagle Overseas and First Eagle Global is 0.89 (i.e., Very 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

Weak diversification

The correlation between First Eagle Overseas and DJI is 0.31 (i.e., Weak 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 real.

Moving together with First Mutual Fund

  0.94FEBIX First Eagle GlobalPairCorr
  0.95FEBCX First Eagle GlobalPairCorr
  0.94FEBAX First Eagle GlobalPairCorr
  0.93FEBRX First Eagle GlobalPairCorr
  0.69FEGRX First Eagle GlobalPairCorr
  0.62FEGOX First Eagle GoldPairCorr
  0.71SGENX First Eagle GlobalPairCorr
  0.62SGGDX First Eagle GoldPairCorr
  1.0FEORX First Eagle OverseasPairCorr
  0.68FEREX First Eagle FundsPairCorr
  0.7SGIIX First Eagle GlobalPairCorr
  0.69FERAX First Eagle FundsPairCorr
  0.63FESGX First Eagle GlobalPairCorr
  0.68FERRX First Eagle FundsPairCorr
  1.0FESOX First Eagle OverseasPairCorr
  1.0SGOIX First Eagle OverseasPairCorr
  0.61FEURX First Eagle GoldPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr

Moving against First Mutual Fund

  0.61CIOCX Columbia Porate IncomePairCorr

Related Correlations Analysis

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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   
FEVAX
+ 0.85
SGENX
FEVAX
+ 0.83
CVGRX
SGGDX
+ 0.68
SGENX
SGGDX
+ 0.49
FEVAX
CVGRX
+ 0.46
SGENX
OIBAX
+ 0.29
SGENX
  
High negative correlations   
OIBAX
- 0.47
CVGRX
OIBAX
- 0.08
FEVAX

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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