First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVRX Fund  USD 21.91  0.10  0.45%   
The current 90-days correlation between First Eagle Value and Ab International Growth is 0.77 (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 Value and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Value 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 Value. 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

  0.62FEBIX First Eagle GlobalPairCorr
  0.62FEBCX First Eagle GlobalPairCorr
  0.61FEBAX First Eagle GlobalPairCorr
  0.97FEAMX First Eagle FundPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.62FEBRX First Eagle GlobalPairCorr
  0.97FEFRX First Eagle FundPairCorr
  0.97FEFAX First Eagle FundPairCorr
  0.82FEGRX First Eagle GlobalPairCorr
  0.63FEGOX First Eagle GoldPairCorr
  0.63FEGIX First Eagle GoldPairCorr
  0.82SGENX First Eagle GlobalPairCorr
  0.63SGGDX First Eagle GoldPairCorr
  0.84FEREX First Eagle FundsPairCorr
  0.82SGIIX First Eagle GlobalPairCorr
  0.84FERAX First Eagle FundsPairCorr
  0.83FESGX First Eagle GlobalPairCorr
  0.84FERRX First Eagle FundsPairCorr
  1.0FEVIX First Eagle ValuePairCorr
  1.0FEVCX First Eagle ValuePairCorr
  1.0FEVAX First Eagle ValuePairCorr
  0.63FEURX First Eagle GoldPairCorr
  0.86FFIFX American FundsPairCorr
  0.86FAIFX American FundsPairCorr
  0.89IFACX Income FundPairCorr

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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