First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Small
FESRX Fund  USD 9.56  0.11  1.14%   
The current 90-days correlation between First Eagle Small and Franklin Gold Precious is 0.59 (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

Poor diversification

The correlation between First Eagle Small and DJI is 0.7 (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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.98FEMAX First Eagle SmidPairCorr
  1.0FESCX First Eagle SmallPairCorr
  1.0FESAX First Eagle SmallPairCorr
  0.98FESMX First Eagle SmidPairCorr
  0.98FEXRX First Eagle SmidPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.99VISVX Vanguard Small CapPairCorr
  1.0DFSVX Us Small CapPairCorr

Moving against First Mutual Fund

  0.64FEORX First Eagle OverseasPairCorr
  0.6FEBAX First Eagle GlobalPairCorr
  0.59FEBIX First Eagle GlobalPairCorr
  0.59FEBCX First Eagle GlobalPairCorr
  0.59FEBRX First Eagle GlobalPairCorr
  0.51FEGOX First Eagle GoldPairCorr
  0.51FEGIX First Eagle GoldPairCorr
  0.51SGGDX First Eagle GoldPairCorr
  0.46FEHIX First Eagle HighPairCorr
  0.46FEHAX First Eagle HighPairCorr
  0.45FEHRX First Eagle HighPairCorr
  0.43FEHCX First Eagle HighPairCorr
  0.34SGIIX First Eagle GlobalPairCorr
  0.33FEGRX First Eagle GlobalPairCorr
  0.33SGENX First Eagle GlobalPairCorr
  0.32FESGX First Eagle GlobalPairCorr
  0.64FESOX First Eagle OverseasPairCorr
  0.64SGOIX First Eagle OverseasPairCorr
  0.64SGOVX First Eagle OverseasPairCorr
  0.56BTMPX Ishares Msci EafePairCorr
  0.56BTMKX Blackrock InternationalPairCorr
  0.55MDIIX Blackrock Intern IndexPairCorr
  0.51FEURX First Eagle GoldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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