First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Small
FESAX Fund  USD 10.55  0.09  0.86%   
The current 90-days correlation between First Eagle Small and One Choice In is 0.89 (i.e., Very 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

Almost no diversification

The correlation between First Eagle Small and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Small 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 Small. 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 nation.

Moving together with First Mutual Fund

  0.9FEBIX First Eagle GlobalPairCorr
  0.9FEBCX First Eagle GlobalPairCorr
  0.9FEBAX First Eagle GlobalPairCorr
  0.97FEAMX First Eagle FundPairCorr
  0.97FEAIX First Eagle FundPairCorr
  0.9FEBRX First Eagle GlobalPairCorr
  0.97FEFRX First Eagle FundPairCorr
  0.97FEFAX First Eagle FundPairCorr
  0.96FEGRX First Eagle GlobalPairCorr
  0.96SGENX First Eagle GlobalPairCorr
  0.99FEMAX First Eagle SmidPairCorr
  0.89FEORX First Eagle OverseasPairCorr
  0.95FEREX First Eagle FundsPairCorr
  0.96SGIIX First Eagle GlobalPairCorr
  0.95FERAX First Eagle FundsPairCorr
  0.96FESGX First Eagle GlobalPairCorr
  1.0FESCX First Eagle SmallPairCorr
  0.95FERRX First Eagle FundsPairCorr
  1.0FESRX First Eagle SmallPairCorr
  0.89FESOX First Eagle OverseasPairCorr
  0.99FESMX First Eagle SmidPairCorr
  0.89SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.99FEXRX First Eagle SmidPairCorr
  0.89SGOVX First Eagle OverseasPairCorr
  0.98VSIIX Vanguard Small CapPairCorr
  0.98VISVX Vanguard Small CapPairCorr
  0.99DFSVX Us Small CapPairCorr

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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