First Eagle Correlations

FEGIX Fund

USD 49.57 0.84 1.72%

The current 90-days correlation between First Eagle Gold and T Rowe Price is 0.13 (i.e., Average 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

Significant diversification

The correlation between First Eagle Gold and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Gold 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 Gold. 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 gross domestic product.

Moving together with First Mutual Fund

0.91	FEBIX	First Eagle Global	Pair Corr
0.87	FEBCX	First Eagle Global	Pair Corr
0.87	FEBAX	First Eagle Global	Pair Corr
0.86	FEAMX	First Eagle Fund	Pair Corr
0.86	FEAIX	First Eagle Fund	Pair Corr
0.91	FEBRX	First Eagle Global	Pair Corr
0.86	FEFRX	First Eagle Fund	Pair Corr
0.84	FEFAX	First Eagle Fund	Pair Corr
0.92	FEGRX	First Eagle Global	Pair Corr
0.97	FEGOX	First Eagle Gold	Pair Corr
0.84	FEHRX	First Eagle High	Pair Corr
0.83	FEHIX	First Eagle High	Pair Corr
0.84	FEHCX	First Eagle High	Pair Corr
0.83	FEHAX	First Eagle High	Pair Corr
0.89	SGENX	First Eagle Global	Pair Corr
0.97	SGGDX	First Eagle Gold	Pair Corr
0.9	FEORX	First Eagle Overseas	Pair Corr
0.94	FEREX	First Eagle Funds	Pair Corr
0.92	SGIIX	First Eagle Global	Pair Corr
0.91	FERAX	First Eagle Funds	Pair Corr
0.92	FESGX	First Eagle Global	Pair Corr
0.76	FESCX	First Eagle Small	Pair Corr
0.75	FESAX	First Eagle Small Potential Growth	Pair Corr
0.77	FESRX	First Eagle Small	Pair Corr
0.86	FESOX	First Eagle Overseas	Pair Corr
0.9	SGOIX	First Eagle Overseas	Pair Corr
0.92	FEVRX	First Eagle Value	Pair Corr
0.92	FEVIX	First Eagle Value	Pair Corr
0.93	FEVAX	First Eagle Value	Pair Corr
1.0	FEURX	First Eagle Gold	Pair Corr
0.86	SGOVX	First Eagle Overseas	Pair Corr
0.97	OPGSX	Oppenheimer Gold Spec	Pair Corr
1.0	OGMCX	Oppenheimer Gold Special	Pair Corr
1.0	FSAGX	Gold Portfolio Gold	Pair Corr
1.0	FIJDX	Gold Portfolio Fidelity	Pair Corr

Moving against First Mutual Fund

0.85	TCTGX	Transamerica Cleartrack	Pair Corr
0.85	TDKTX	Cleartrack 2015 Class	Pair Corr
0.85	TCTJX	Transamerica Cleartrack	Pair Corr
0.83	TCSUX	Cleartrack 2020 Class	Pair Corr
0.69	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.66	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.47	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	TRSSX	RPBAX	BGRFX	PFPWX	PARWX	PRNEX	HRAUX	TRRGX	SMVLX	SEQUX
TRSSX		0.8	-0.3	0.75	0.75	0.8	0.68	0.81	0.64	0.59	TRSSX
RPBAX	0.8		-0.77	0.98	0.98	0.91	0.31	1.0	0.28	0.43	RPBAX
BGRFX	-0.3	-0.77		-0.81	-0.81	-0.67	0.23	-0.77	0.21	-0.05	BGRFX
PFPWX	0.75	0.98	-0.81		1.0	0.88	0.21	0.98	0.2	0.34	PFPWX
PARWX	0.75	0.98	-0.81	1.0		0.88	0.21	0.98	0.2	0.35	PARWX
PRNEX	0.8	0.91	-0.67	0.88	0.88		0.32	0.92	0.44	0.5	PRNEX
HRAUX	0.68	0.31	0.23	0.21	0.21	0.32		0.32	0.62	0.44	HRAUX
TRRGX	0.81	1.0	-0.77	0.98	0.98	0.92	0.32		0.31	0.44	TRRGX
SMVLX	0.64	0.28	0.21	0.2	0.2	0.44	0.62	0.31		0.68	SMVLX
SEQUX	0.59	0.43	-0.05	0.34	0.35	0.5	0.44	0.44	0.68		SEQUX
	TRSSX	RPBAX	BGRFX	PFPWX	PARWX	PRNEX	HRAUX	TRRGX	SMVLX	SEQUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TRRGX	+ 1.0	RPBAX
PARWX	+ 1.0	PFPWX
PFPWX	+ 0.98	RPBAX
PARWX	+ 0.98	RPBAX
TRRGX	+ 0.98	PFPWX
TRRGX	+ 0.98	PARWX

High negative correlations

PARWX	- 0.81	BGRFX
PFPWX	- 0.81	BGRFX
TRRGX	- 0.77	BGRFX
BGRFX	- 0.77	RPBAX
PRNEX	- 0.67	BGRFX
BGRFX	- 0.3	TRSSX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRSSX	0.74	(0.05)	(0.03)	0.06	0.75	(0.84)	1.79	(1.27)	5.57
RPBAX	0.31	0.00	(0.09)	0.09	0.34	(0.33)	0.67	(0.56)	2.73
BGRFX	0.73	(0.19)	0.00	(0.11)	0.00	0.00	1.60	(1.53)	5.54
PFPWX	0.47	0.03	0.03	0.12	0.44	(0.50)	1.17	(0.75)	3.91
PARWX	0.46	0.03	0.02	0.12	0.43	(0.50)	1.16	(0.74)	3.87
PRNEX	0.55	0.04	0.01	0.14	0.64	(0.56)	1.20	(1.16)	4.29
HRAUX	0.74	(0.12)	0.00	(0.01)	0.00	0.00	1.42	(1.27)	4.75
TRRGX	0.22	0.00	(0.15)	0.09	0.17	(0.27)	0.51	(0.36)	2.11
SMVLX	0.69	0.06	(0.05)	(0.32)	0.80	(0.77)	1.35	(1.27)	6.10
SEQUX	0.50	(0.01)	0.00	0.19	0.00	0.00	0.91	(1.16)	3.74

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