First Eagle Correlations

Stocks . USA . 
Stock . First Eagle Alternative
FCRX Stock  USD 24.53  0.00  0.00%   
The current 90-days correlation between First Eagle Alternative and Gladstone Investment is 0.19 (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

Good diversification

The correlation between First Eagle Alternative and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Alternative 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 Alternative. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with First Stock

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  0.74CG Carlyle GroupPairCorr
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  0.7MA MastercardPairCorr
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  0.68QD Qudian IncPairCorr
  0.64SF Stifel Financial Fiscal Year End 22nd of January 2025 PairCorr
  0.8TW Tradeweb MarketsPairCorr
  0.63WD Walker Dunlop Normal TradingPairCorr
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Moving against First Stock

  0.67RC Ready Capital CorpPairCorr
  0.47RM Regional Management CorpPairCorr
  0.41PT Pintec TechnologyPairCorr
  0.86BRACU Broad Capital AcquisitionPairCorr
  0.72PFTAU Portage Fintech AcquPairCorr
  0.49XP Xp Inc Downward RallyPairCorr
  0.34WU Western UnionPairCorr
  0.34ECPG Encore Capital GroupPairCorr
  0.32EMCGU Embrace Change AcquiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Eagle Company 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.

First Eagle Corporate Management

Sabrina RusnakcarlsonGeneral Counsel, SecretaryProfile
Deborah McanenyIndependent DirectorProfile
Jennifer CPAChief TreasurerProfile
Erik BarriosChief OfficerProfile
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