First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBRX Fund  USD 14.62  0.03  0.20%   
The current 90-days correlation between First Eagle Global and First Eagle Overseas is -0.21 (i.e., Very good 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

Modest diversification

The correlation between First Eagle Global and DJI is 0.24 (i.e., Modest 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
  0.98FEBCX First Eagle GlobalPairCorr
  0.98FEBAX First Eagle GlobalPairCorr
  0.93FEAMX First Eagle FundPairCorr
  0.93FEAIX First Eagle FundPairCorr
  0.93FEFRX First Eagle FundPairCorr
  0.65FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.97SGENX First Eagle GlobalPairCorr
  0.93FEMAX First Eagle SmidPairCorr
  0.99FEORX First Eagle OverseasPairCorr
  0.98FEREX First Eagle FundsPairCorr
  0.71SGIIX First Eagle GlobalPairCorr
  0.99FERAX First Eagle FundsPairCorr
  0.97FESGX First Eagle GlobalPairCorr
  0.93FESCX First Eagle SmallPairCorr
  0.93FESAX First Eagle SmallPairCorr
  0.99FERRX First Eagle FundsPairCorr
  0.94FESRX First Eagle SmallPairCorr
  0.98FESOX First Eagle OverseasPairCorr
  0.93FESMX First Eagle SmidPairCorr
  0.99SGOIX First Eagle OverseasPairCorr
  0.96FEVRX First Eagle ValuePairCorr
  0.96FEVIX First Eagle ValuePairCorr
  0.96FEVCX First Eagle ValuePairCorr
  0.96FEVAX First Eagle ValuePairCorr
  0.93FEXRX First Eagle SmidPairCorr
  0.98SGOVX First Eagle OverseasPairCorr
  0.98RIRAX Capital Income BuilderPairCorr
  0.98RIREX Capital Income BuilderPairCorr
  0.98RIRCX Capital Income BuilderPairCorr

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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