First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Funds
FEREX Fund  USD 11.87  0.07  0.59%   
The current 90-days correlation between First Eagle Funds and First Eagle Global is 0.92 (i.e., Almost no 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 Funds and DJI is 0.83 (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 Funds 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 Funds. 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 income.

Moving together with First Mutual Fund

  0.99FEBCX First Eagle GlobalPairCorr
  0.92FEAMX First Eagle FundPairCorr
  0.92FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.92FEFRX First Eagle FundPairCorr
  0.92FEFAX First Eagle FundPairCorr
  0.71FEGOX First Eagle GoldPairCorr
  0.72FEGIX First Eagle GoldPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.71SGGDX First Eagle GoldPairCorr
  0.98FEORX First Eagle OverseasPairCorr
  0.99SGIIX First Eagle GlobalPairCorr
  1.0FERAX First Eagle FundsPairCorr
  1.0FESGX First Eagle GlobalPairCorr
  0.95FESCX First Eagle SmallPairCorr
  1.0FERRX First Eagle FundsPairCorr
  0.95FESRX First Eagle SmallPairCorr
  0.98SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.97FEVCX First Eagle ValuePairCorr
  0.72FEURX First Eagle GoldPairCorr
  0.95FEXRX First Eagle SmidPairCorr
  0.98SGOVX First Eagle OverseasPairCorr
  0.99RIRAX Capital Income BuilderPairCorr
  0.99RIREX Capital Income BuilderPairCorr
  0.99RIRCX Capital Income BuilderPairCorr
  0.99RIRFX Capital Income BuilderPairCorr
  0.99CIRCX Capital Income BuilderPairCorr
  0.99CIREX Capital Income BuilderPairCorr
  0.99RIRBX Capital Income BuilderPairCorr
  0.99CAIFX Capital Income BuilderPairCorr
  0.99CIRFX Capital Income BuilderPairCorr
  0.99CIRAX Capital Income BuilderPairCorr
  0.91SMPIX Semiconductor UltrasectorPairCorr
  0.91SMPSX Semiconductor UltrasectorPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY