First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Smid
FEXRX Fund  USD 11.54  0.09  0.79%   
The current 90-days correlation between First Eagle Smid and Icon Financial Fund is 0.94 (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

Almost no diversification

The correlation between First Eagle Smid and DJI is 0.93 (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 Smid 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 Smid. 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

  0.91FEBIX First Eagle GlobalPairCorr
  0.88FEBCX First Eagle GlobalPairCorr
  0.9FEBAX First Eagle GlobalPairCorr
  0.96FEAMX First Eagle FundPairCorr
  0.96FEAIX First Eagle FundPairCorr
  0.91FEBRX First Eagle GlobalPairCorr
  0.96FEFRX First Eagle FundPairCorr
  0.96FEFAX First Eagle FundPairCorr
  0.96FEGRX First Eagle GlobalPairCorr
  0.93SGENX First Eagle GlobalPairCorr
  1.0FEMAX First Eagle SmidPairCorr
  0.9FEORX First Eagle OverseasPairCorr
  0.91FEREX First Eagle FundsPairCorr
  0.96SGIIX First Eagle GlobalPairCorr
  0.95FERAX First Eagle FundsPairCorr
  0.96FESGX First Eagle GlobalPairCorr
  1.0FESCX First Eagle SmallPairCorr
  0.99FESAX First Eagle SmallPairCorr
  0.91FERRX First Eagle FundsPairCorr
  0.99FESRX First Eagle SmallPairCorr
  0.9FESOX First Eagle OverseasPairCorr
  1.0FESMX First Eagle SmidPairCorr
  0.9SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.98FEVIX First Eagle ValuePairCorr
  0.98FEVCX First Eagle ValuePairCorr
  0.98FEVAX First Eagle ValuePairCorr
  0.88SGOVX First Eagle OverseasPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr

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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