First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBRX Fund  USD 14.66  0.02  0.14%   
The current 90-days correlation between First Eagle Global and Aqr Sustainable Long Short is 0.87 (i.e., Very 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 Global and DJI is 0.69 (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 metropolitan statistical area.

Moving together with First Mutual Fund

  1.0FEBIX First Eagle GlobalPairCorr
  0.96FEBCX First Eagle GlobalPairCorr
  0.96FEBAX First Eagle GlobalPairCorr
  0.88FEAMX First Eagle FundPairCorr
  0.88FEAIX First Eagle FundPairCorr
  0.88FEFRX First Eagle FundPairCorr
  0.88FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.76FEGOX First Eagle GoldPairCorr
  0.77FEGIX First Eagle Gold Potential GrowthPairCorr
  0.95SGENX First Eagle GlobalPairCorr
  0.89FEMAX First Eagle SmidPairCorr
  0.77SGGDX First Eagle Gold Potential GrowthPairCorr
  1.0FEORX First Eagle OverseasPairCorr
  0.95FEREX First Eagle FundsPairCorr
  0.98SGIIX First Eagle GlobalPairCorr
  0.99FERAX First Eagle FundsPairCorr
  0.95FESGX First Eagle GlobalPairCorr
  0.88FESCX First Eagle SmallPairCorr
  0.88FESAX First Eagle SmallPairCorr
  0.99FERRX First Eagle FundsPairCorr
  0.91FESRX First Eagle SmallPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.91FESMX First Eagle SmidPairCorr
  1.0SGOIX First Eagle OverseasPairCorr
  0.95FEVRX First Eagle ValuePairCorr
  0.95FEVIX First Eagle ValuePairCorr
  0.95FEVCX First Eagle ValuePairCorr
  0.95FEVAX First Eagle ValuePairCorr
  0.77FEURX First Eagle Gold Potential GrowthPairCorr
  0.91FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.98RIRAX Capital Income BuilderPairCorr
  0.98RIREX Capital Income BuilderPairCorr
  0.98RIRCX Capital Income BuilderPairCorr

Moving against First Mutual Fund

  0.63PQTAX Pimco Trends ManagedPairCorr
  0.55PQTNX Pimco Trends ManagedPairCorr
  0.54PQTIX Aa Pimco TrPairCorr
  0.39GPMFX Guidepath Managed FuturesPairCorr

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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