First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FESGX Fund  USD 68.39  0.36  0.52%   
The current 90-days correlation between First Eagle Global and Ivy Asset Strategy is 0.87 (i.e., Very 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 Global and DJI is 0.68 (i.e., Poor 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

  0.95FEBCX First Eagle GlobalPairCorr
  0.77FEAMX First Eagle FundPairCorr
  0.95FEBRX First Eagle GlobalPairCorr
  0.93FEGOX First Eagle GoldPairCorr
  1.0SGENX First Eagle GlobalPairCorr
  0.93SGGDX First Eagle GoldPairCorr
  1.0SGIIX First Eagle GlobalPairCorr
  0.96FERRX First Eagle FundsPairCorr
  0.92SGOIX First Eagle OverseasPairCorr
  0.82FEVAX First Eagle ValuePairCorr
  0.92SGOVX First Eagle OverseasPairCorr
  0.83RIRAX Capital Income BuilderPairCorr
  0.83RIREX Capital Income BuilderPairCorr
  0.83RIRCX Capital Income BuilderPairCorr
  0.94RIRFX Capital Income BuilderPairCorr
  0.94CIRCX Capital Income BuilderPairCorr
  0.83CIREX Capital Income BuilderPairCorr
  0.83RIRBX Capital Income BuilderPairCorr
  0.95CAIFX Capital Income BuilderPairCorr
  0.83CIRFX Capital Income BuilderPairCorr
  0.83CIRAX Capital Income BuilderPairCorr
  0.66HRBDX Harbor Bond FundPairCorr
  0.98DBIWX Dws Global MacroPairCorr
  0.93HTD John Hancock TaxPairCorr
  0.74GIOIX Guggenheim Macro OppPairCorr
  0.88ABNOX Ab Bond InflationPairCorr
  0.67VICSX Vanguard Intermediate-terPairCorr
  0.91ARBOX Absolute ConvertiblePairCorr
  0.62TIMUX Transamerica IntermediatePairCorr
  0.89UTF Cohen And SteersPairCorr

Moving against First Mutual Fund

  0.32FESCX First Eagle SmallPairCorr

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.

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