First Eagle Correlations
| FESMX Fund | 11.95 0.02 0.17% |
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
Weak diversification
The correlation between First Eagle Smid and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Smid and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving together with First Mutual Fund
| 0.62 | FEAMX | First Eagle Fund | PairCorr |
| 0.69 | FEAIX | First Eagle Fund | PairCorr |
| 0.69 | FEFRX | First Eagle Fund | PairCorr |
| 0.68 | FEFAX | First Eagle Fund | PairCorr |
| 0.64 | FEHRX | First Eagle High | PairCorr |
| 0.62 | FEHIX | First Eagle High | PairCorr |
| 0.64 | FEHCX | First Eagle High | PairCorr |
| 0.64 | FEHAX | First Eagle High | PairCorr |
| 1.0 | FEMAX | First Eagle Smid | PairCorr |
| 0.67 | FEREX | First Eagle Funds | PairCorr |
| 0.66 | FERAX | First Eagle Funds | PairCorr |
| 0.97 | FESCX | First Eagle Small | PairCorr |
| 0.97 | FESAX | First Eagle Small | PairCorr |
| 0.67 | FERRX | First Eagle Funds | PairCorr |
| 0.97 | FESRX | First Eagle Small | PairCorr |
| 0.78 | FEVRX | First Eagle Value | PairCorr |
| 0.62 | FEVIX | First Eagle Value | PairCorr |
| 0.61 | FEVCX | First Eagle Value | PairCorr |
| 0.62 | FEVAX | First Eagle Value | PairCorr |
| 1.0 | FEXRX | First Eagle Smid | PairCorr |
| 0.89 | VSMAX | Vanguard Small Cap | PairCorr |
| 0.89 | VSCIX | Vanguard Small Cap | PairCorr |
| 0.89 | VSCPX | Vanguard Small Cap | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LDMAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TMHXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TUGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NCGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LDMAX | 0.24 | (0.01) | (0.07) | (0.25) | 0.29 | 0.71 | 2.14 | |||
| TMHXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TUGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NCGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |