First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Fund
FEFRX Fund  USD 29.43  0.16  0.54%   
The current 90-days correlation between First Eagle Fund and Pnc International Equity is 0.69 (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

Very poor diversification

The correlation between First Eagle Fund and DJI is 0.89 (i.e., Very poor 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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.81FEBCX First Eagle GlobalPairCorr
  0.83FEAMX First Eagle FundPairCorr
  0.83FEFAX First Eagle FundPairCorr
  0.84SGENX First Eagle GlobalPairCorr
  0.84SGIIX First Eagle GlobalPairCorr
  0.84FESGX First Eagle GlobalPairCorr
  0.9FESOX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.85FEVAX First Eagle ValuePairCorr
  0.81SGOVX First Eagle OverseasPairCorr
  0.76VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.81AFMFX American MutualPairCorr
  0.81FFMMX American Funds AmericanPairCorr
  0.81FFFMX American Funds AmericanPairCorr
  0.75AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.78DODGX Dodge Stock FundPairCorr
  0.76VIVAX Vanguard Value IndexPairCorr
  0.73RYMBX Commodities StrategyPairCorr
  0.73BRUFX Bruce Fund BrucePairCorr
  0.73SPGSX State Street PremierPairCorr
  0.95KF Korea ClosedPairCorr
  0.72GGNPX Goldman Sachs HighPairCorr
  0.95BGHSX Brandywineglobal HighPairCorr
  0.76BUBSX Baird Ultra ShortPairCorr
  0.81FLCNX Fidelity ContrafundPairCorr
  0.74CLREX Columbia BalancedPairCorr
  0.65ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.94STMUX Invesco Short TermPairCorr
  0.78ETIMX Eventide Multi AssetPairCorr

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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