First Eagle Correlations

FEAMX Fund

USD 14.57 0.03 0.21%

The current 90-days correlation between First Eagle Fund and Prudential Health Sciences is 0.57 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Eagle Correlation With Market

Significant diversification

The correlation between First Eagle Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund 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 Fund. 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 population.

Moving together with First Mutual Fund

0.95	VVIAX	Vanguard Value Index	Pair Corr
0.96	DOXGX	Dodge Cox Stock	Pair Corr
0.97	AFMFX	American Mutual	Pair Corr
0.97	FFMMX	American Funds American	Pair Corr
0.97	FFFMX	American Funds American	Pair Corr
0.97	AMRMX	American Mutual	Pair Corr
0.97	AMFFX	American Mutual	Pair Corr
0.97	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.95	VIVAX	Vanguard Value Index	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr
0.7	WMT	Walmart	Pair Corr
0.67	MMM	3M Company	Pair Corr

Moving against First Mutual Fund

0.4	USPSX	Profunds Ultrashort	Pair Corr
0.4	USPIX	Profunds Ultrashort	Pair Corr
0.32	UIPIX	Ultrashort Mid Cap	Pair Corr
0.69	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	PJHRX	SHSAX	LYFAX	VGHCX	GTHCX	ETAHX	HCPIX
PJHRX		0.66	0.61	0.78	0.78	0.89	0.39	PJHRX
SHSAX	0.66		0.97	0.93	0.96	0.52	0.93	SHSAX
LYFAX	0.61	0.97		0.95	0.89	0.42	0.96	LYFAX
VGHCX	0.78	0.93	0.95		0.91	0.59	0.84	VGHCX
GTHCX	0.78	0.96	0.89	0.91		0.71	0.79	GTHCX
ETAHX	0.89	0.52	0.42	0.59	0.71		0.2	ETAHX
HCPIX	0.39	0.93	0.96	0.84	0.79	0.2		HCPIX
	PJHRX	SHSAX	LYFAX	VGHCX	GTHCX	ETAHX	HCPIX

Click cells to compare fundamentals

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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
PJHRX	0.81	(0.02)	0.00	0.38	0.00	0.00	1.79	(1.84)	5.35
SHSAX	0.60	0.00	0.17	0.00	0.59	(0.69)	1.33	(0.94)	3.73
LYFAX	0.58	0.04	0.15	(4.01)	0.62	(0.64)	1.22	(1.05)	3.27
VGHCX	0.64	0.02	0.11	(0.37)	0.76	(0.68)	1.49	(1.11)	4.70
GTHCX	0.64	0.04	0.13	(0.81)	0.76	(0.70)	1.26	(1.10)	4.61
ETAHX	1.11	(0.03)	0.00	0.08	0.00	0.00	1.88	(2.49)	6.50
HCPIX	0.93	0.11	0.18	8.99	0.87	(1.06)	1.88	(1.60)	4.95

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