First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Overseas
FEORX Fund  USD 29.42  0.03  0.10%   
The current 90-days correlation between First Eagle Overseas and First Eagle Global is -0.2 (i.e., Good 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

Modest diversification

The correlation between First Eagle Overseas and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Overseas 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 Overseas. 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

  0.99FEBIX First Eagle GlobalPairCorr
  0.68FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.62FEAMX First Eagle FundPairCorr
  0.62FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.92FEFRX First Eagle FundPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.98FEGRX First Eagle GlobalPairCorr
  0.69SGENX First Eagle GlobalPairCorr
  0.93FEMAX First Eagle SmidPairCorr
  0.97FEREX First Eagle FundsPairCorr
  0.98SGIIX First Eagle GlobalPairCorr
  0.98FERAX First Eagle FundsPairCorr
  0.69FESGX First Eagle GlobalPairCorr
  0.93FESAX First Eagle SmallPairCorr
  0.98FERRX First Eagle FundsPairCorr
  0.93FESRX First Eagle SmallPairCorr
  0.93FESMX First Eagle SmidPairCorr
  1.0SGOIX First Eagle OverseasPairCorr
  0.68FEVRX First Eagle ValuePairCorr
  0.95FEVIX First Eagle ValuePairCorr
  0.69FEVCX First Eagle ValuePairCorr
  0.69FEVAX First Eagle ValuePairCorr
  0.69SGOVX First Eagle OverseasPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.98VTISX Vanguard Total InterPairCorr
  0.99VTMGX Vanguard DevelopedPairCorr

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.

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