First Eagle Correlations

FESAX Fund  USD 9.52  0.11  1.14%   
The current 90-days correlation between First Eagle Small and First Eagle Global is 0.66 (i.e., Poor 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

Poor diversification

The correlation between First Eagle Small and DJI is 0.71 (i.e., Poor 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

  0.98FEMAX First Eagle SmidPairCorr
  1.0FESCX First Eagle SmallPairCorr
  1.0FESRX First Eagle SmallPairCorr
  0.98FESMX First Eagle SmidPairCorr
  0.98FEXRX First Eagle SmidPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  1.0DFSVX Us Small CapPairCorr

Moving against First Mutual Fund

  0.62FEORX First Eagle OverseasPairCorr
  0.58FEBIX First Eagle GlobalPairCorr
  0.58FEBAX First Eagle GlobalPairCorr
  0.58FEBRX First Eagle GlobalPairCorr
  0.57FEBCX First Eagle GlobalPairCorr
  0.5FEGIX First Eagle GoldPairCorr
  0.5SGGDX First Eagle GoldPairCorr
  0.49FEGOX First Eagle GoldPairCorr
  0.48FEHIX First Eagle HighPairCorr
  0.44FEHAX First Eagle HighPairCorr
  0.43FEHRX First Eagle HighPairCorr
  0.41FEHCX First Eagle HighPairCorr
  0.32SGIIX First Eagle GlobalPairCorr
  0.31FEGRX First Eagle GlobalPairCorr
  0.31SGENX First Eagle GlobalPairCorr
  0.63SGOIX First Eagle OverseasPairCorr
  0.62FESOX First Eagle OverseasPairCorr
  0.62SGOVX First Eagle OverseasPairCorr
  0.5FEURX First Eagle GoldPairCorr

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.