First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Gold
FEURX Fund  USD 38.38  0.41  1.06%   
The current 90-days correlation between First Eagle Gold and Global Resources Fund is 0.74 (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

Good diversification

The correlation between First Eagle Gold and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Gold 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 Gold. 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

  0.67FEBIX First Eagle GlobalPairCorr
  0.68FEBCX First Eagle GlobalPairCorr
  0.68FEBAX First Eagle GlobalPairCorr
  0.68FEBRX First Eagle GlobalPairCorr
  0.65FEGRX First Eagle GlobalPairCorr
  0.9FEGOX First Eagle GoldPairCorr
  0.9FEGIX First Eagle GoldPairCorr
  0.65SGENX First Eagle GlobalPairCorr
  0.9SGGDX First Eagle GoldPairCorr
  0.69FEORX First Eagle OverseasPairCorr
  0.64FEREX First Eagle FundsPairCorr
  0.65SGIIX First Eagle GlobalPairCorr
  0.65FERAX First Eagle FundsPairCorr
  0.65FESGX First Eagle GlobalPairCorr
  0.64FERRX First Eagle FundsPairCorr
  0.69FESOX First Eagle OverseasPairCorr
  0.69SGOIX First Eagle OverseasPairCorr
  0.61FEVAX First Eagle ValuePairCorr
  0.67SGOVX First Eagle OverseasPairCorr
  0.88OPGSX Oppenheimer Gold SpecPairCorr
  0.95OGMCX Oppenheimer Gold SpecialPairCorr
  0.9FSAGX Gold Portfolio GoldPairCorr

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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