First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFAX Fund  USD 30.43  0.22  0.73%   
The current 90-days correlation between First Eagle Fund and Lord Abbett Intermediate is 0.2 (i.e., Modest 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

Very weak diversification

The correlation between First Eagle Fund and DJI is 0.53 (i.e., Very weak 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

  0.88FEBIX First Eagle GlobalPairCorr
  0.91FEBCX First Eagle GlobalPairCorr
  0.89FEBAX First Eagle GlobalPairCorr
  0.95FEAMX First Eagle FundPairCorr
  0.95FEAIX First Eagle FundPairCorr
  0.76FEBRX First Eagle GlobalPairCorr
  1.0FEFRX First Eagle FundPairCorr
  0.91FEGRX First Eagle GlobalPairCorr
  0.74FEGOX First Eagle Gold Steady GrowthPairCorr
  0.78FEGIX First Eagle Gold Steady GrowthPairCorr
  0.87FEHRX First Eagle HighPairCorr
  0.87FEHIX First Eagle HighPairCorr
  0.94FEHCX First Eagle HighPairCorr
  0.94FEHAX First Eagle HighPairCorr
  0.94SGENX First Eagle GlobalPairCorr
  0.84SGGDX First Eagle Gold Steady GrowthPairCorr
  0.81FEORX First Eagle OverseasPairCorr
  0.78FEREX First Eagle FundsPairCorr
  0.91SGIIX First Eagle GlobalPairCorr
  0.74FESCX First Eagle SmallPairCorr
  0.86FESAX First Eagle SmallPairCorr
  0.87FERRX First Eagle FundsPairCorr
  0.87FESRX First Eagle SmallPairCorr
  0.93FESOX First Eagle OverseasPairCorr
  0.82SGOIX First Eagle OverseasPairCorr
  0.79FEVRX First Eagle ValuePairCorr
  0.9FEVIX First Eagle ValuePairCorr
  0.79FEVCX First Eagle ValuePairCorr
  0.79FEVAX First Eagle ValuePairCorr
  0.78FEURX First Eagle Gold Steady GrowthPairCorr
  0.91SGOVX First Eagle OverseasPairCorr
  0.91FWWMX American Funds WashingtonPairCorr
  0.91FWMMX American Funds WashingtonPairCorr
  0.89AWSHX Washington MutualPairCorr
  0.88WSHCX Washington MutualPairCorr
  0.89WSHFX Washington MutualPairCorr

Related Correlations Analysis


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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