First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFAX Fund  USD 27.95  0.17  0.61%   
The current 90-days correlation between First Eagle Fund and First Eagle Global is 0.73 (i.e., 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

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 nation.

Moving together with First Mutual Fund

  0.87FEBIX First Eagle GlobalPairCorr
  0.87FEBCX First Eagle GlobalPairCorr
  0.87FEBAX First Eagle GlobalPairCorr
  1.0FEAMX First Eagle FundPairCorr
  1.0FEAIX First Eagle FundPairCorr
  0.87FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.94FEGRX First Eagle GlobalPairCorr
  0.94SGENX First Eagle GlobalPairCorr
  0.85FEORX First Eagle OverseasPairCorr
  0.92FEREX First Eagle FundsPairCorr
  0.94SGIIX First Eagle GlobalPairCorr
  0.92FERAX First Eagle FundsPairCorr
  0.94FESGX First Eagle GlobalPairCorr
  0.97FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  0.92FERRX First Eagle FundsPairCorr
  0.97FESRX First Eagle SmallPairCorr
  0.85FESOX First Eagle OverseasPairCorr
  0.96FESMX First Eagle SmidPairCorr
  0.85SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.96FEXRX First Eagle SmidPairCorr
  0.85SGOVX First Eagle OverseasPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr

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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