First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Gold
SGGDX Fund  USD 35.21  0.67  1.87%   
The current 90-days correlation between First Eagle Gold and Gabelli Gold Fund is 0.99 (i.e., No risk reduction). 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 Gold and DJI is 0.41 (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 Gold and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map 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 unemployment.

Moving together with First Mutual Fund

  0.74FEBIX First Eagle GlobalPairCorr
  0.72FEBCX First Eagle GlobalPairCorr
  0.73FEBAX First Eagle GlobalPairCorr
  0.74FEBRX First Eagle GlobalPairCorr
  0.96FEGOX First Eagle GoldPairCorr
  1.0FEGIX First Eagle GoldPairCorr
  0.69FEORX First Eagle OverseasPairCorr
  0.68FESOX First Eagle OverseasPairCorr
  0.69SGOIX First Eagle OverseasPairCorr
  1.0FEURX First Eagle GoldPairCorr
  0.69SGOVX First Eagle OverseasPairCorr
  0.98OPGSX Oppenheimer Gold Spec Steady GrowthPairCorr
  0.98OGMCX Oppenheimer Gold Special Steady GrowthPairCorr
  1.0FSAGX Gold Portfolio GoldPairCorr
  1.0FIJDX Gold Portfolio FidelityPairCorr
  0.99PMPIX Precious Metals UltrPairCorr

Moving against First Mutual Fund

  0.78FEHAX First Eagle HighPairCorr
  0.77FEHRX First Eagle HighPairCorr
  0.77FEHIX First Eagle HighPairCorr
  0.71FEAMX First Eagle FundPairCorr
  0.7FEAIX First Eagle FundPairCorr
  0.7FESCX First Eagle SmallPairCorr
  0.67FEFRX First Eagle FundPairCorr
  0.67FEFAX First Eagle FundPairCorr
  0.64FEMAX First Eagle SmidPairCorr
  0.75FEXRX First Eagle SmidPairCorr
  0.7FESRX First Eagle SmallPairCorr
  0.59CISGX Touchstone Sands CapitalPairCorr
  0.43FEVCX First Eagle ValuePairCorr
  0.42FEVAX First Eagle ValuePairCorr
  0.41FEVRX First Eagle ValuePairCorr
  0.41FEVIX First Eagle ValuePairCorr

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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