First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Funds
FERRX Fund  USD 11.71  0.02  0.17%   
The current 90-days correlation between First Eagle Funds and First Eagle Global is 0.72 (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 weak diversification

The correlation between First Eagle Funds and DJI is 0.49 (i.e., Very weak 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 metropolitan statistical area.

Moving together with First Mutual Fund

  0.99FEBIX First Eagle GlobalPairCorr
  0.97FEBCX First Eagle GlobalPairCorr
  0.97FEBAX First Eagle GlobalPairCorr
  0.96FEAMX First Eagle FundPairCorr
  0.96FEAIX First Eagle FundPairCorr
  0.99FEBRX First Eagle GlobalPairCorr
  0.96FEFRX First Eagle FundPairCorr
  0.95FEFAX First Eagle FundPairCorr
  0.99FEGRX First Eagle GlobalPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.97FEMAX First Eagle SmidPairCorr
  0.98FEORX First Eagle OverseasPairCorr
  0.99FEREX First Eagle FundsPairCorr
  0.99SGIIX First Eagle GlobalPairCorr
  1.0FERAX First Eagle FundsPairCorr
  0.98FESGX First Eagle GlobalPairCorr
  0.97FESCX First Eagle SmallPairCorr
  0.97FESAX First Eagle SmallPairCorr
  0.97FESRX First Eagle SmallPairCorr
  0.97FESOX First Eagle OverseasPairCorr
  0.96FESMX 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
  0.96FEXRX 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

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FEBIX  0.32  0.08 (0.10) 0.84  0.07 
(0.39)
 0.79 
(0.54)
 1.61 
FEBCX  0.33  0.11 (0.06)(1.54) 0.00 
(0.39)
 0.78 
(0.54)
 1.64 
FEBAX  0.33  0.11 (0.06)(1.82) 0.00 
(0.40)
 0.79 
(0.54)
 1.60 
FEAMX  0.62  0.04  0.01  0.18  0.55 
(0.70)
 1.48 
(1.16)
 4.23 
FEAIX  0.62  0.04  0.02  0.19  0.54 
(0.70)
 1.51 
(1.18)
 4.32 
FEBRX  0.33  0.08 (0.10) 0.89  0.09 
(0.39)
 0.78 
(0.55)
 1.62 
FEFRX  0.62  0.04  0.02  0.19  0.54 
(0.69)
 1.51 
(1.15)
 4.24 
FEFAX  0.62  0.18  0.05 (2.17) 0.53 
(0.69)
 1.49 
(1.18)
 4.23 
FEGRX  0.40  0.09  0.01  0.39  0.08 
(0.43)
 1.11 
(0.66)
 2.32 
FEGOX  1.35  0.09 (0.07) 0.01  1.88 
(1.40)
 2.46 
(2.99)
 9.95 

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