First Eagle Correlations

FEBAX Fund

USD 14.08 0.07 0.49%

The current 90-days correlation between First Eagle Global and Ashmore Emerging Markets is 0.55 (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

Very weak diversification

The correlation between First Eagle Global and DJI is 0.57 (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

1.0	FEBCX	First Eagle Global	Pair Corr
1.0	FEBRX	First Eagle Global	Pair Corr
0.95	FEGOX	First Eagle Gold	Pair Corr
0.95	SGENX	First Eagle Global	Pair Corr
0.95	SGGDX	First Eagle Gold	Pair Corr
0.95	SGIIX	First Eagle Global	Pair Corr
0.95	FESGX	First Eagle Global	Pair Corr
0.87	FERRX	First Eagle Funds	Pair Corr
0.99	SGOIX	First Eagle Overseas	Pair Corr
0.99	SGOVX	First Eagle Overseas	Pair Corr
0.9	RIRAX	Capital Income Builder	Pair Corr
0.89	RIREX	Capital Income Builder	Pair Corr
0.9	RIRCX	Capital Income Builder	Pair Corr
0.89	RIRFX	Capital Income Builder	Pair Corr
0.9	CIRCX	Capital Income Builder	Pair Corr
0.9	CIREX	Capital Income Builder	Pair Corr
0.9	RIRBX	Capital Income Builder	Pair Corr
0.93	CAIFX	Capital Income Builder	Pair Corr
0.89	CIRFX	Capital Income Builder	Pair Corr
0.89	CIRAX	Capital Income Builder	Pair Corr
0.92	HRBDX	Harbor Bond Fund	Pair Corr
0.89	DBIWX	Dws Global Macro	Pair Corr
0.91	HTD	John Hancock Tax	Pair Corr
0.93	GIOIX	Guggenheim Macro Opp	Pair Corr
0.97	ABNOX	Ab Bond Inflation	Pair Corr
0.92	VICSX	Vanguard Intermediate-ter	Pair Corr
0.98	ARBOX	Absolute Convertible	Pair Corr
0.62	TIMUX	Transamerica Intermediate	Pair Corr
0.89	UTF	Cohen And Steers	Pair Corr

Moving against First Mutual Fund

0.6

FESCX

First Eagle Small

Pair Corr

Related Correlations Analysis

	ESCIX	IAAEX	LVAQX	VSFSX	RYCLX	PRDMX	SMVTX
ESCIX		0.24	0.46	0.57	-0.32	0.65	0.57	ESCIX
IAAEX	0.24		0.62	0.43	0.22	0.35	0.53	IAAEX
LVAQX	0.46	0.62		0.95	-0.41	0.87	0.93	LVAQX
VSFSX	0.57	0.43	0.95		-0.56	0.95	0.95	VSFSX
RYCLX	-0.32	0.22	-0.41	-0.56		-0.55	-0.39	RYCLX
PRDMX	0.65	0.35	0.87	0.95	-0.55		0.91	PRDMX
SMVTX	0.57	0.53	0.93	0.95	-0.39	0.91		SMVTX
	ESCIX	IAAEX	LVAQX	VSFSX	RYCLX	PRDMX	SMVTX

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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

VSFSX	+ 0.95	LVAQX
PRDMX	+ 0.95	VSFSX
SMVTX	+ 0.95	VSFSX
SMVTX	+ 0.93	LVAQX
SMVTX	+ 0.91	PRDMX
PRDMX	+ 0.87	LVAQX

High negative correlations

RYCLX	- 0.56	VSFSX
PRDMX	- 0.55	RYCLX
RYCLX	- 0.41	LVAQX
SMVTX	- 0.39	RYCLX
RYCLX	- 0.32	ESCIX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ESCIX	0.75	0.00	(0.07)	1.87	(2.03)	4.56
IAAEX	0.80	(0.12)	(0.32)	1.41	(1.48)	9.17
LVAQX	0.83	(0.14)	(0.24)	1.18	(1.87)	3.80
VSFSX	0.87	(0.10)	(0.17)	1.48	(2.07)	5.18
RYCLX	1.15	(0.12)	(1.52)	2.30	(1.54)	19.50
PRDMX	1.34	(0.18)	(0.22)	1.84	(3.77)	7.15
SMVTX	1.01	(0.15)	(0.22)	1.39	(2.22)	9.55

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