First Eagle Correlations

FEGOX Fund

USD 29.27 0.35 1.18%

The current 90-days correlation between First Eagle Gold and First Eagle Gold is -0.09 (i.e., Good 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

Modest diversification

The correlation between First Eagle Gold and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Gold 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 Gold. 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 persons.

Moving together with First Mutual Fund

0.72	SGGDX	First Eagle Gold	Pair Corr
0.72	FEGIX	First Eagle Gold	Pair Corr
0.69	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.98	OGMCX	Oppenheimer Gold Special	Pair Corr
0.71	FSAGX	Gold Portfolio Gold	Pair Corr
0.71	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.95	PDI	Pimco Dynamic Income	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.88	UTF	Cohen And Steers	Pair Corr
0.74	DLDFX	Destinations Low Duration	Pair Corr
0.62	VICSX	Vanguard Intermediate-ter	Pair Corr
0.91	HTD	John Hancock Tax	Pair Corr
0.98	SGDLX	Sprott Gold Equity	Pair Corr
0.62	HRBDX	Harbor Bond Fund	Pair Corr
0.7	GIOIX	Guggenheim Macro Opp	Pair Corr
0.74	USGDX	Morgan Stanley Government	Pair Corr
0.91	ABNOX	Ab Bond Inflation	Pair Corr
0.87	DBIWX	Dws Global Macro	Pair Corr

Moving against First Mutual Fund

0.51

FESCX

First Eagle Small

Pair Corr

Related Correlations Analysis

	FEGIX	SGGDX	FGADX	FESGX	OGMCX
FEGIX		1.0	0.99	0.92	0.71	FEGIX
SGGDX	1.0		0.99	0.92	0.71	SGGDX
FGADX	0.99	0.99		0.9	0.69	FGADX
FESGX	0.92	0.92	0.9		0.73	FESGX
OGMCX	0.71	0.71	0.69	0.73		OGMCX
	FEGIX	SGGDX	FGADX	FESGX	OGMCX

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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
FEGIX	1.07	0.39	0.32	(3.32)	0.96	(1.20)	2.28	(2.16)	6.26
SGGDX	1.07	0.39	0.32	(3.20)	0.94	(1.23)	2.26	(2.14)	6.27
FGADX	1.20	0.51	0.38	(7.61)	0.85	(1.42)	3.32	(2.03)	6.92
FESGX	0.45	0.09	0.28	3.74	0.38	(0.50)	1.16	(0.79)	2.93
OGMCX	1.27	0.27	0.17	0.37	1.46	(1.38)	2.70	(3.16)	7.69

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