First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Global
FEBCX Fund  USD 15.63  0.10  0.64%   
The current 90-days correlation between First Eagle Global and Franklin California High is 0.28 (i.e., Modest 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

Significant diversification

The correlation between First Eagle Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Global 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 Global. 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 private.

Moving together with First Mutual Fund

  0.98FEBIX First Eagle GlobalPairCorr
  1.0FEBAX First Eagle GlobalPairCorr
  0.96FEAMX First Eagle FundPairCorr
  0.96FEAIX First Eagle FundPairCorr
  1.0FEBRX First Eagle GlobalPairCorr
  0.96FEFRX First Eagle FundPairCorr
  0.97FEFAX First Eagle FundPairCorr
  0.97FEGRX First Eagle GlobalPairCorr
  0.94FEGOX First Eagle GoldPairCorr
  0.94FEGIX First Eagle GoldPairCorr
  0.89FEHRX First Eagle HighPairCorr
  0.89FEHIX First Eagle HighPairCorr
  0.89FEHCX First Eagle HighPairCorr
  0.89FEHAX First Eagle HighPairCorr
  0.98SGENX First Eagle GlobalPairCorr
  0.81FEMAX First Eagle SmidPairCorr
  0.95SGGDX First Eagle Gold Steady GrowthPairCorr
  0.96FEORX First Eagle OverseasPairCorr
  0.95FEREX First Eagle FundsPairCorr
  0.97SGIIX First Eagle GlobalPairCorr
  0.96FERAX First Eagle FundsPairCorr
  0.97FESGX First Eagle GlobalPairCorr
  0.93FESCX First Eagle SmallPairCorr
  0.95FESAX First Eagle SmallPairCorr
  0.95FERRX First Eagle FundsPairCorr
  0.93FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  0.81FESMX First Eagle SmidPairCorr
  0.96SGOIX First Eagle OverseasPairCorr
  0.98FEVRX First Eagle ValuePairCorr
  0.97FEVIX First Eagle ValuePairCorr
  0.97FEVCX First Eagle ValuePairCorr
  0.97FEVAX First Eagle ValuePairCorr
  0.94FEURX First Eagle GoldPairCorr
  0.81FEXRX First Eagle SmidPairCorr
  0.97SGOVX First Eagle OverseasPairCorr
  0.95RIRAX Capital Income BuilderPairCorr
  0.96RIREX Capital Income BuilderPairCorr
  0.95RIRCX Capital Income BuilderPairCorr

Related Correlations Analysis


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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