First Eagle Correlations
| USFE Etf | 35.53 0.08 0.22% |
The current 90-days correlation between First Eagle ETF and iShares MSCI Finland is 0.34 (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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First Eagle ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. Moving against First Etf
Related Correlations Analysis
| 0.76 | 0.81 | 0.43 | 0.93 | 0.79 | EMSF | ||
| 0.76 | 0.96 | 0.62 | 0.9 | 0.93 | SAA | ||
| 0.81 | 0.96 | 0.62 | 0.92 | 0.94 | WBIG | ||
| 0.43 | 0.62 | 0.62 | 0.61 | 0.65 | TCHI | ||
| 0.93 | 0.9 | 0.92 | 0.61 | 0.91 | HFND | ||
| 0.79 | 0.93 | 0.94 | 0.65 | 0.91 | EFNL | ||
First Eagle Constituents Risk-Adjusted Indicators
There is a big difference between First Etf performing well and First Eagle ETF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMSF | 1.01 | 0.14 | 0.09 | 0.24 | 1.31 | 2.28 | 7.65 | |||
| SAA | 1.71 | 0.17 | 0.17 | 0.16 | 1.45 | 5.11 | 10.57 | |||
| WBIG | 0.44 | 0.01 | (0.04) | 0.10 | 0.46 | 0.92 | 2.70 | |||
| TCHI | 0.98 | (0.03) | (0.05) | 0.04 | 1.21 | 2.30 | 6.74 | |||
| HFND | 0.50 | 0.04 | (0.01) | 0.17 | 0.47 | 1.24 | 2.98 | |||
| EFNL | 0.74 | 0.15 | 0.11 | 0.29 | 0.83 | 1.62 | 4.39 |