First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FESGX Fund  USD 67.66  0.19  0.28%   
The current 90-days correlation between First Eagle Global and Ivy Asset Strategy is 0.51 (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 0.49 (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 price.

Moving together with First Mutual Fund

  0.98FEBIX First Eagle GlobalPairCorr
  0.95FEBCX First Eagle GlobalPairCorr
  0.98FEBAX First Eagle GlobalPairCorr
  0.88FEAMX First Eagle FundPairCorr
  0.94FEAIX First Eagle FundPairCorr
  0.97FEBRX First Eagle GlobalPairCorr
  0.89FEFRX First Eagle FundPairCorr
  0.94FEFAX First Eagle FundPairCorr
  0.92FEGRX First Eagle GlobalPairCorr
  0.78FEGOX First Eagle GoldPairCorr
  0.82FEGIX First Eagle GoldPairCorr
  0.81FEHRX First Eagle HighPairCorr
  0.82FEHIX First Eagle HighPairCorr
  0.83FEHCX First Eagle HighPairCorr
  0.8FEHAX First Eagle HighPairCorr
  1.0SGENX First Eagle GlobalPairCorr
  0.82SGGDX First Eagle GoldPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.94FEREX First Eagle FundsPairCorr
  1.0SGIIX First Eagle GlobalPairCorr
  0.94FERAX First Eagle FundsPairCorr
  0.92FERRX First Eagle FundsPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.92SGOIX First Eagle OverseasPairCorr
  0.95FEVRX First Eagle ValuePairCorr
  0.87FEVIX First Eagle ValuePairCorr
  0.93FEVCX First Eagle ValuePairCorr
  0.94FEVAX First Eagle ValuePairCorr
  0.82FEURX First Eagle GoldPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.92RIRAX Capital Income BuilderPairCorr
  0.92RIREX Capital Income BuilderPairCorr
  0.92RIRCX Capital Income BuilderPairCorr

Related Correlations Analysis

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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   
NECZX
+ 0.9
TEGBX
MCLOX
+ 0.88
WASCX
TEGBX
+ 0.83
WASCX
TEGBX
+ 0.82
MCLOX
NECZX
+ 0.67
WASCX
NECZX
+ 0.64
MCLOX
  
High negative correlations   
TIBCX
- 0.03
MCLOX

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.

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