First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
SGIIX Fund  USD 72.22  0.38  0.52%   
The current 90-days correlation between First Eagle Global and Blackrock Gbl Alloc is 0.79 (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

Average diversification

The correlation between First Eagle Global and DJI is 0.11 (i.e., Average 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 World Market Map 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 gross domestic product.

Moving together with First Mutual Fund

  0.95FEBCX First Eagle GlobalPairCorr
  0.72FEAMX First Eagle FundPairCorr
  0.94FEBRX First Eagle GlobalPairCorr
  0.75FEGOX First Eagle GoldPairCorr
  0.81SGENX First Eagle GlobalPairCorr
  0.93SGGDX First Eagle GoldPairCorr
  1.0FESGX First Eagle GlobalPairCorr
  0.95FERRX First Eagle FundsPairCorr
  0.92SGOIX First Eagle OverseasPairCorr
  0.78FEVAX First Eagle ValuePairCorr
  0.92SGOVX First Eagle OverseasPairCorr
  0.97RIRAX Capital Income BuilderPairCorr
  0.97RIREX Capital Income BuilderPairCorr
  0.97RIRCX Capital Income BuilderPairCorr
  0.97RIRFX Capital Income BuilderPairCorr
  0.97CIRCX Capital Income BuilderPairCorr
  0.97CIREX Capital Income BuilderPairCorr
  0.97RIRBX Capital Income BuilderPairCorr
  0.98CAIFX Capital Income BuilderPairCorr
  0.97CIRFX Capital Income BuilderPairCorr
  0.97CIRAX Capital Income BuilderPairCorr
  0.82HRBDX Harbor Bond FundPairCorr
  0.81DBIWX Dws Global MacroPairCorr
  0.93HTD John Hancock TaxPairCorr
  0.88GIOIX Guggenheim Macro OppPairCorr
  0.73ABNOX Ab Bond InflationPairCorr
  0.84VICSX Vanguard Intermediate-terPairCorr
  0.72ARBOX Absolute ConvertiblePairCorr
  0.61UTF Cohen And SteersPairCorr

Moving against First Mutual Fund

  0.36FESCX 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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