First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEAIX Fund  USD 26.90  0.03  0.11%   
The current 90-days correlation between First Eagle Fund and Tiaa Cref Inflation Link is 0.11 (i.e., Average 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

Almost no diversification

The correlation between First Eagle Fund and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund 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 Fund. 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

  1.0FEAMX First Eagle FundPairCorr
  0.93FEVRX First Eagle ValuePairCorr
  0.93FEVAX First Eagle ValuePairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr

Moving against First Mutual Fund

  0.67FEGIX First Eagle GoldPairCorr
  0.67SGGDX First Eagle GoldPairCorr
  0.66FEGOX First Eagle GoldPairCorr
  0.89RYIRX Inverse Russell 2000PairCorr
  0.85RYAIX Inverse Nasdaq 100PairCorr
  0.79DBLGX Doubleline Global BondPairCorr
  0.73RUSIX Rbc Ultra ShortPairCorr
  0.7GMODX Gmo Opportunistic IncomePairCorr
  0.7CWBFX Capital World BondPairCorr
  0.6BINRX Baron India Retail Potential GrowthPairCorr
  0.4INBQX Aim Investment FundsPairCorr

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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