First Eagle Correlations

FEFRX Fund

USD 32.42 0.05 0.15%

The current 90-days correlation between First Eagle Fund and Aqr Small Cap is 0.66 (i.e., 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

Poor diversification

The correlation between First Eagle Fund and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Fund 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 Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with First Mutual Fund

0.96	FWWMX	American Funds Washington	Pair Corr
0.96	FWMMX	American Funds Washington	Pair Corr
0.96	AWSHX	Washington Mutual	Pair Corr
0.96	WSHCX	Washington Mutual	Pair Corr
0.96	WSHFX	Washington Mutual	Pair Corr
0.95	VVIAX	Vanguard Value Index	Pair Corr
0.96	RWMAX	Washington Mutual	Pair Corr
0.96	CWMAX	Washington Mutual	Pair Corr
0.97	RWMGX	Washington Mutual	Pair Corr
0.96	CWMCX	Washington Mutual	Pair Corr
0.62	PDI	Pimco Dynamic Income	Pair Corr
0.95	FTCAX	Templeton Strained Bond	Pair Corr
0.99	RNCCX	American Funds Income	Pair Corr
0.68	JPM	JPMorgan Chase	Pair Corr
0.76	AA	Alcoa Corp Buyout Trend	Pair Corr
0.72	IBM	International Business	Pair Corr
0.79	INTC	Intel Aggressive Push	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.66	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.69	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against First Mutual Fund

0.91	USPSX	Profunds Ultrashort	Pair Corr
0.91	USPIX	Profunds Ultrashort	Pair Corr
0.74	UIPIX	Ultrashort Mid Cap	Pair Corr
0.51	DIS	Walt Disney Sell-off Trend	Pair Corr
0.32	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	QSERX	LMBMX	QLMSTX	ANTMX	QUAZX	SECAX	EPASX
QSERX		0.99	0.93	0.87	0.93	0.99	0.92	QSERX
LMBMX	0.99		0.94	0.87	0.93	0.99	0.93	LMBMX
QLMSTX	0.93	0.94		0.88	0.87	0.93	0.93	QLMSTX
ANTMX	0.87	0.87	0.88		0.76	0.86	0.96	ANTMX
QUAZX	0.93	0.93	0.87	0.76		0.93	0.81	QUAZX
SECAX	0.99	0.99	0.93	0.86	0.93		0.91	SECAX
EPASX	0.92	0.93	0.93	0.96	0.81	0.91		EPASX
	QSERX	LMBMX	QLMSTX	ANTMX	QUAZX	SECAX	EPASX

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
QSERX	0.96	0.06	0.08	0.08	1.00	(1.10)	2.69	(1.91)	6.90
LMBMX	0.87	0.09	0.12	0.11	0.81	(1.01)	2.45	(1.43)	6.86
QLMSTX	0.84	0.12	0.05	(0.52)	0.96	(0.88)	1.92	(1.51)	5.83
ANTMX	0.64	0.06	0.01	(0.78)	0.76	(0.71)	1.27	(1.30)	4.77
QUAZX	0.96	0.00	0.02	0.05	1.13	(0.93)	2.51	(1.91)	5.74
SECAX	0.84	0.02	0.05	0.06	0.84	(1.03)	2.19	(1.33)	6.61
EPASX	0.51	0.09	0.06	(3.78)	0.48	(0.61)	1.13	(0.78)	3.57

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