First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBAX Fund  USD 13.71  0.02  0.15%   
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

Very weak diversification

The correlation between First Eagle Global and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Global 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 Global. 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 nation.

Moving together with FIRST Mutual Fund

  1.0FEBIX First Eagle GlobalPairCorr
  1.0FEBCX First Eagle GlobalPairCorr
  0.85FEAMX First Eagle FundPairCorr
  0.93FEAIX First Eagle FundPairCorr
  1.0FEBRX First Eagle GlobalPairCorr
  0.92FEFRX First Eagle FundPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.84FEGRX First Eagle GlobalPairCorr
  0.7FEGIX First Eagle GoldPairCorr
  0.81FEHIX First Eagle HighPairCorr
  0.63FEHCX First Eagle HighPairCorr
  0.78FEHAX First Eagle HighPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.65FEMAX First Eagle SmidPairCorr
  0.71SGGDX First Eagle GoldPairCorr
  0.99FEORX First Eagle OverseasPairCorr
  0.91FEREX First Eagle FundsPairCorr
  0.99SGIIX First Eagle GlobalPairCorr
  0.91FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.75FESCX First Eagle SmallPairCorr
  0.79FESAX First Eagle SmallPairCorr
  0.91FERRX First Eagle FundsPairCorr
  0.99FESOX First Eagle OverseasPairCorr
  0.65FESMX First Eagle SmidPairCorr
  0.87SGOIX First Eagle OverseasPairCorr
  0.92FEVRX First Eagle ValuePairCorr
  0.91FEVIX First Eagle ValuePairCorr
  0.9FEVCX First Eagle ValuePairCorr
  0.91FEVAX First Eagle ValuePairCorr
  0.71FEURX First Eagle GoldPairCorr
  0.65FEXRX First Eagle SmidPairCorr
  0.99SGOVX First Eagle OverseasPairCorr
  0.92RIRAX Capital Income BuilderPairCorr
  0.92RIREX Capital Income BuilderPairCorr
  0.92RIRCX Capital Income BuilderPairCorr
  0.92RIRFX Capital Income BuilderPairCorr
  0.92CIRCX Capital Income BuilderPairCorr

Related Correlations Analysis

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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.

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