First Eagle Correlations

SGOVX Fund

USD 28.53 0.07 0.25%

The current 90-days correlation between First Eagle Overseas and First Eagle Global is 0.86 (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

Weak diversification

The correlation between First Eagle Overseas and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Overseas 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 Overseas. 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 real.

Moving together with First Mutual Fund

0.99	FEBIX	First Eagle Global	Pair Corr
0.99	FEBCX	First Eagle Global	Pair Corr
0.99	FEBAX	First Eagle Global	Pair Corr
0.94	FEAMX	First Eagle Fund	Pair Corr
0.83	FEAIX	First Eagle Fund	Pair Corr
0.74	FEFRX	First Eagle Fund	Pair Corr
0.81	FEFAX	First Eagle Fund	Pair Corr
0.67	FEGIX	First Eagle Gold	Pair Corr
0.98	SGENX	First Eagle Global	Pair Corr
0.65	FEMAX	First Eagle Smid	Pair Corr
0.86	SGIIX	First Eagle Global	Pair Corr
0.98	FESGX	First Eagle Global	Pair Corr
0.91	FESCX	First Eagle Small	Pair Corr
0.66	FESAX	First Eagle Small	Pair Corr
0.66	FESRX	First Eagle Small	Pair Corr
1.0	FESOX	First Eagle Overseas	Pair Corr
0.61	FESMX	First Eagle Smid	Pair Corr
0.96	FEVRX	First Eagle Value	Pair Corr
0.67	FEVIX	First Eagle Value	Pair Corr
0.84	FEVCX	First Eagle Value	Pair Corr
0.84	FEVAX	First Eagle Value	Pair Corr
0.7	FEURX	First Eagle Gold	Pair Corr
0.79	FEXRX	First Eagle Smid	Pair Corr
0.87	VTSNX	Vanguard Total Inter	Pair Corr
0.98	VTPSX	Vanguard Total Inter	Pair Corr

Moving against First Mutual Fund

0.32

FEHCX

First Eagle High

Pair Corr

Related Correlations Analysis

	SGENX	CVGRX	FEVAX	SGGDX	OIBAX
SGENX		0.97	0.87	0.53	0.82	SGENX
CVGRX	0.97		0.85	0.41	0.74	CVGRX
FEVAX	0.87	0.85		0.43	0.75	FEVAX
SGGDX	0.53	0.41	0.43		0.73	SGGDX
OIBAX	0.82	0.74	0.75	0.73		OIBAX
	SGENX	CVGRX	FEVAX	SGGDX	OIBAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SGENX	0.40	0.11	0.01	0.48	0.00	(0.43)	1.11	(0.66)	2.32
CVGRX	0.79	0.44	0.43	(18.57)	0.00	(0.99)	2.53	(0.89)	5.25
FEVAX	0.40	0.16	0.02	(4.23)	0.00	(0.48)	1.24	(0.70)	3.06
SGGDX	1.37	0.01	(0.07)	0.35	2.00	(1.31)	2.47	(3.00)	9.92
OIBAX	0.30	0.01	(0.26)	0.53	0.28	(0.44)	0.67	(0.65)	1.95

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