First Eagle Correlations

FESAX Fund

USD 10.01 0.05 0.50%

The current 90-days correlation between First Eagle Small and Ultra Short Fixed Income 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

Very weak diversification

The correlation between First Eagle Small and DJI is 0.58 (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 Small 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 Small. 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

0.73	FEAMX	First Eagle Fund	Pair Corr
0.7	FEAIX	First Eagle Fund	Pair Corr
0.7	FEFRX	First Eagle Fund	Pair Corr
0.7	FEFAX	First Eagle Fund	Pair Corr
0.96	FEMAX	First Eagle Smid	Pair Corr
1.0	FESCX	First Eagle Small	Pair Corr
1.0	FESRX	First Eagle Small	Pair Corr
0.96	FESMX	First Eagle Smid	Pair Corr
0.7	FEVIX	First Eagle Value	Pair Corr
0.71	FEVCX	First Eagle Value	Pair Corr
0.7	FEVAX	First Eagle Value	Pair Corr
0.96	FEXRX	First Eagle Smid	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.98	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr

Related Correlations Analysis

	SWSFX	ABNTX	RESAX	MFIRX	ARTFX	MCZRX
SWSFX		0.69	0.46	0.87	0.83	0.32	SWSFX
ABNTX	0.69		0.9	0.92	0.84	0.83	ABNTX
RESAX	0.46	0.9		0.78	0.72	0.93	RESAX
MFIRX	0.87	0.92	0.78		0.91	0.67	MFIRX
ARTFX	0.83	0.84	0.72	0.91		0.54	ARTFX
MCZRX	0.32	0.83	0.93	0.67	0.54		MCZRX
	SWSFX	ABNTX	RESAX	MFIRX	ARTFX	MCZRX

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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
SWSFX	0.05	0.01	0.00	0.44	0.00	0.00	0.10	0.00	0.69
ABNTX	0.15	0.03	0.24	0.51	0.00	(0.19)	0.30	(0.30)	0.99
RESAX	0.21	0.03	0.15	0.47	0.16	(0.27)	0.49	(0.36)	1.60
MFIRX	0.11	0.03	0.19	0.76	0.00	(0.21)	0.19	(0.19)	0.76
ARTFX	0.12	0.02	0.22	1.53	0.00	(0.21)	0.44	(0.22)	1.22
MCZRX	0.25	0.03	0.16	0.38	0.18	(0.30)	0.68	(0.45)	1.60

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First Eagle Correlations

First Eagle Correlation With Market

Very weak diversification

Moving together with First Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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