First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBAX Fund  USD 14.86  0.03  0.20%   
The current 90-days correlation between First Eagle Global and First Eagle Global is 1.0 (i.e., No risk reduction). 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 Global and DJI is 0.68 (i.e., Poor 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 Investing Opportunities 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 nation.

Moving together with First Mutual Fund

  1.0FEBIX First Eagle GlobalPairCorr
  1.0FEBCX First Eagle GlobalPairCorr
  0.87FEAMX First Eagle FundPairCorr
  0.87FEAIX First Eagle FundPairCorr
  1.0FEBRX First Eagle GlobalPairCorr
  0.87FEFRX First Eagle FundPairCorr
  0.87FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.77FEGOX First Eagle GoldPairCorr
  0.78FEGIX First Eagle GoldPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.9FEMAX First Eagle SmidPairCorr
  0.77SGGDX First Eagle GoldPairCorr
  1.0FEORX First Eagle OverseasPairCorr
  0.99FEREX First Eagle FundsPairCorr
  0.98SGIIX First Eagle GlobalPairCorr
  0.99FERAX First Eagle FundsPairCorr
  0.98FESGX First Eagle GlobalPairCorr
  0.9FESCX First Eagle SmallPairCorr
  0.9FESAX First Eagle SmallPairCorr
  0.99FERRX First Eagle FundsPairCorr
  0.9FESRX First Eagle SmallPairCorr
  1.0FESOX First Eagle OverseasPairCorr
  0.9FESMX First Eagle SmidPairCorr
  1.0SGOIX First Eagle OverseasPairCorr
  0.94FEVRX First Eagle ValuePairCorr
  0.94FEVIX First Eagle ValuePairCorr
  0.94FEVCX First Eagle ValuePairCorr
  0.94FEVAX First Eagle ValuePairCorr
  0.78FEURX First Eagle GoldPairCorr
  0.9FEXRX First Eagle SmidPairCorr
  1.0SGOVX First Eagle OverseasPairCorr
  0.98RIRAX Capital Income BuilderPairCorr
  0.98RIREX Capital Income BuilderPairCorr
  0.98RIRCX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FEBIX  0.46  0.05 (0.02) 0.27  0.75 
(0.48)
 0.81 
(0.63)
 3.82 
FEBCX  0.47  0.05 (0.02) 0.25  0.75 
(0.48)
 0.87 
(0.62)
 3.78 
FEBAX  0.47  0.05 (0.02) 0.26  0.76 
(0.49)
 0.81 
(0.63)
 3.82 
FEAMX  0.87  0.02  0.00  0.12  1.21 
(0.91)
 1.53 
(2.06)
 9.61 
FEAIX  0.87  0.03  0.01  0.14  1.20 
(0.90)
 1.57 
(2.01)
 9.61 
FEBRX  0.47  0.05 (0.02) 0.26  0.76 
(0.49)
 0.81 
(0.63)
 3.84 
FEFRX  0.87  0.03  0.01  0.14  1.22 
(0.88)
 1.57 
(2.05)
 9.61 
FEFAX  0.87  0.02  0.01  0.13  1.19 
(0.87)
 1.58 
(2.05)
 9.66 
FEGRX  0.63  0.06  0.01  0.20  1.05 
(0.59)
 1.32 
(1.32)
 6.92 
FEGOX  1.60  0.17  0.04  0.80  2.15 
(1.70)
 3.85 
(2.99)
 12.63 

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