First Eagle Correlations

FEGRX Fund

USD 72.25 0.37 0.51%

The current 90-days correlation between First Eagle Global and John Hancock Bond is 0.16 (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

Significant diversification

The correlation between First Eagle Global and DJI is 0.03 (i.e., Significant 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 metropolitan statistical area.

Moving together with First Mutual Fund

0.95	FEBCX	First Eagle Global	Pair Corr
0.72	FEAMX	First Eagle Fund	Pair Corr
0.95	FEBRX	First Eagle Global	Pair Corr
0.92	FEGOX	First Eagle Gold	Pair Corr
1.0	SGENX	First Eagle Global	Pair Corr
0.92	SGGDX	First Eagle Gold	Pair Corr
1.0	SGIIX	First Eagle Global	Pair Corr
1.0	FESGX	First Eagle Global	Pair Corr
0.96	FERRX	First Eagle Funds	Pair Corr
0.92	SGOIX	First Eagle Overseas	Pair Corr
0.78	FEVAX	First Eagle Value	Pair Corr
0.92	SGOVX	First Eagle Overseas	Pair Corr
0.98	RIRAX	Capital Income Builder	Pair Corr
0.97	RIREX	Capital Income Builder	Pair Corr
0.97	RIRCX	Capital Income Builder	Pair Corr
0.97	RIRFX	Capital Income Builder	Pair Corr
0.98	CIRCX	Capital Income Builder	Pair Corr
0.97	CIREX	Capital Income Builder	Pair Corr
0.98	RIRBX	Capital Income Builder	Pair Corr
0.98	CAIFX	Capital Income Builder	Pair Corr
0.97	CIRFX	Capital Income Builder	Pair Corr
0.97	CIRAX	Capital Income Builder	Pair Corr
0.83	HRBDX	Harbor Bond Fund	Pair Corr
0.8	DBIWX	Dws Global Macro	Pair Corr
0.93	HTD	John Hancock Tax	Pair Corr
0.88	GIOIX	Guggenheim Macro Opp	Pair Corr
0.73	ABNOX	Ab Bond Inflation	Pair Corr
0.85	VICSX	Vanguard Intermediate-ter	Pair Corr
0.72	ARBOX	Absolute Convertible	Pair Corr
0.89	UTF	Cohen And Steers	Pair Corr

Moving against First Mutual Fund

0.35

FESCX

First Eagle Small

Pair Corr

Related Correlations Analysis

	JHBSX	LBNOX	PRJQX	VEVRX	BMGKX
JHBSX		0.73	-0.58	-0.43	-0.69	JHBSX
LBNOX	0.73		0.08	0.23	-0.05	LBNOX
PRJQX	-0.58	0.08		0.89	0.98	PRJQX
VEVRX	-0.43	0.23	0.89		0.89	VEVRX
BMGKX	-0.69	-0.05	0.98	0.89		BMGKX
	JHBSX	LBNOX	PRJQX	VEVRX	BMGKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BMGKX	+ 0.98	PRJQX
VEVRX	+ 0.89	PRJQX
BMGKX	+ 0.89	VEVRX
LBNOX	+ 0.73	JHBSX
VEVRX	+ 0.23	LBNOX
PRJQX	+ 0.08	LBNOX

High negative correlations

BMGKX	- 0.69	JHBSX
PRJQX	- 0.58	JHBSX
VEVRX	- 0.43	JHBSX
BMGKX	- 0.05	LBNOX

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
JHBSX	0.24	0.04	0.35	0.63	0.13	(0.29)	0.60	(0.38)	1.44
LBNOX	0.16	0.02	0.32	0.30	0.07	(0.25)	0.42	(0.28)	1.12
PRJQX	1.22	(0.16)	0.00	5.94	0.00	0.00	2.07	(2.92)	7.21
VEVRX	0.68	(0.06)	0.00	2.17	0.00	0.00	1.10	(1.49)	3.04
BMGKX	1.48	(0.22)	0.00	1.43	0.00	0.00	2.00	(4.15)	7.61

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC