First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Global
FEGRX Fund  USD 87.17  0.04  0.05%   
The current 90-days correlation between First Eagle Global and Columbia Diversified Equity is 0.72 (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

Modest diversification

The correlation between First Eagle Global and DJI is 0.24 (i.e., Modest 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 real.

Moving together with First Mutual Fund

  0.9FEBIX First Eagle GlobalPairCorr
  0.87FEBCX First Eagle GlobalPairCorr
  0.88FEBAX First Eagle GlobalPairCorr
  0.85FEAMX First Eagle FundPairCorr
  0.87FEAIX First Eagle FundPairCorr
  0.9FEBRX First Eagle GlobalPairCorr
  0.88FEFRX First Eagle FundPairCorr
  0.82FEFAX First Eagle FundPairCorr
  0.82FEHRX First Eagle HighPairCorr
  0.82FEHIX First Eagle HighPairCorr
  0.83FEHCX First Eagle HighPairCorr
  0.83FEHAX First Eagle HighPairCorr
  0.95SGENX First Eagle GlobalPairCorr
  0.82SGGDX First Eagle Gold Steady GrowthPairCorr
  0.99FEORX First Eagle OverseasPairCorr
  0.81FEREX First Eagle FundsPairCorr
  1.0SGIIX First Eagle GlobalPairCorr
  0.8FERAX First Eagle FundsPairCorr
  1.0FESGX First Eagle GlobalPairCorr
  0.86FERRX First Eagle FundsPairCorr
  0.99FESOX First Eagle OverseasPairCorr
  0.99SGOIX First Eagle OverseasPairCorr
  0.96FEVRX First Eagle ValuePairCorr
  0.96FEVIX First Eagle ValuePairCorr
  0.96FEVCX First Eagle ValuePairCorr
  0.96FEVAX First Eagle ValuePairCorr
  0.83FEURX First Eagle GoldPairCorr
  0.99SGOVX First Eagle OverseasPairCorr
  0.9RIRAX Capital Income BuilderPairCorr
  0.85RIREX Capital Income BuilderPairCorr
  0.91RIRCX Capital Income BuilderPairCorr
  0.92RIRFX 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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