First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEGRX Fund  USD 77.40  0.23  0.30%   
The current 90-days correlation between First Eagle Global and John Hancock Bond is 0.32 (i.e., Weak 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

Poor diversification

The correlation between First Eagle Global and DJI is 0.64 (i.e., Poor 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

  0.98FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.97FEAMX First Eagle FundPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.98FEBRX First Eagle GlobalPairCorr
  0.97FEFRX First Eagle FundPairCorr
  0.95FEFAX First Eagle FundPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.97FEMAX First Eagle SmidPairCorr
  0.98FEORX First Eagle OverseasPairCorr
  0.98FEREX First Eagle FundsPairCorr
  1.0SGIIX First Eagle GlobalPairCorr
  1.0FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.97FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  0.99FERRX First Eagle FundsPairCorr
  0.97FESRX First Eagle SmallPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.97FESMX First Eagle SmidPairCorr
  0.98SGOIX First Eagle OverseasPairCorr
  0.99FEVRX First Eagle ValuePairCorr
  0.99FEVIX First Eagle ValuePairCorr
  0.99FEVCX First Eagle ValuePairCorr
  0.99FEVAX First Eagle ValuePairCorr
  0.97FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.99RIRAX Capital Income BuilderPairCorr
  0.99RIREX Capital Income BuilderPairCorr
  0.99RIRCX 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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