First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVCX Fund  USD 21.00  0.07  0.33%   
The current 90-days correlation between First Eagle Value and Vy Blackrock Inflation is 0.13 (i.e., Average 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 Value and DJI is 0.8 (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 Value 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 Value. 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 main economic indicators.

Moving together with First Mutual Fund

  0.96FEBIX First Eagle GlobalPairCorr
  0.96FEBCX First Eagle GlobalPairCorr
  0.96FEBAX First Eagle GlobalPairCorr
  0.98FEAMX First Eagle FundPairCorr
  0.98FEAIX First Eagle FundPairCorr
  0.96FEBRX First Eagle GlobalPairCorr
  0.98FEFRX First Eagle FundPairCorr
  0.98FEFAX First Eagle FundPairCorr
  0.99FEGRX First Eagle GlobalPairCorr
  0.99SGENX First Eagle GlobalPairCorr
  0.98FEMAX First Eagle SmidPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.99FEREX First Eagle FundsPairCorr
  0.99SGIIX First Eagle GlobalPairCorr
  0.99FERAX First Eagle FundsPairCorr
  0.99FESGX First Eagle GlobalPairCorr
  0.99FESCX First Eagle SmallPairCorr
  0.99FESAX First Eagle SmallPairCorr
  0.99FERRX First Eagle FundsPairCorr
  0.99FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.98FESMX First Eagle SmidPairCorr
  0.95SGOIX First Eagle OverseasPairCorr
  1.0FEVRX First Eagle ValuePairCorr
  1.0FEVIX First Eagle ValuePairCorr
  1.0FEVAX First Eagle ValuePairCorr
  0.98FEXRX First Eagle SmidPairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.99FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr

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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