First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
SGIIX Fund  USD 71.93  0.08  0.11%   
The current 90-days correlation between First Eagle Global and Blackrock Gbl Alloc is 0.54 (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

Weak diversification

The correlation between First Eagle Global 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 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

  0.98FEBIX First Eagle GlobalPairCorr
  0.95FEBCX First Eagle GlobalPairCorr
  0.98FEBAX First Eagle GlobalPairCorr
  0.85FEAMX First Eagle FundPairCorr
  0.93FEAIX First Eagle FundPairCorr
  0.98FEBRX First Eagle GlobalPairCorr
  0.93FEFRX First Eagle FundPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.89FEGRX First Eagle GlobalPairCorr
  0.72FEGOX First Eagle GoldPairCorr
  0.71FEGIX First Eagle GoldPairCorr
  0.73FEHRX First Eagle HighPairCorr
  0.75FEHIX First Eagle HighPairCorr
  0.74FEHCX First Eagle HighPairCorr
  0.73FEHAX First Eagle HighPairCorr
  1.0SGENX First Eagle GlobalPairCorr
  0.72SGGDX First Eagle GoldPairCorr
  0.97FEORX First Eagle OverseasPairCorr
  0.95FEREX First Eagle FundsPairCorr
  0.95FERAX First Eagle FundsPairCorr
  1.0FESGX First Eagle GlobalPairCorr
  0.95FERRX First Eagle FundsPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.83SGOIX First Eagle OverseasPairCorr
  0.92FEVRX First Eagle ValuePairCorr
  0.93FEVIX First Eagle ValuePairCorr
  0.9FEVCX First Eagle ValuePairCorr
  0.92FEVAX First Eagle ValuePairCorr
  0.71FEURX First Eagle GoldPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.89RIRAX Capital Income BuilderPairCorr
  0.89RIREX Capital Income BuilderPairCorr
  0.89RIRCX Capital Income BuilderPairCorr

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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