First Eagle Correlations

Mutual Funds USA . 
Fund . First Eagle Smid
FEMAX Fund   13.39  0.17  1.25%   
The current 90-days correlation between First Eagle Smid and Great West Moderately Servative is 0.81 (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

Almost no diversification

The correlation between First Eagle Smid and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Smid 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 Smid. 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 nation.

Moving together with First Mutual Fund

  0.95FEBIX First Eagle GlobalPairCorr
  0.95FEBCX First Eagle GlobalPairCorr
  0.95FEBAX First Eagle GlobalPairCorr
  0.89FEAMX First Eagle FundPairCorr
  0.93FEAIX First Eagle FundPairCorr
  0.95FEBRX First Eagle GlobalPairCorr
  0.93FEFRX First Eagle FundPairCorr
  0.93FEFAX First Eagle FundPairCorr
  0.91FEGRX First Eagle GlobalPairCorr
  0.92FEGOX First Eagle Gold Steady GrowthPairCorr
  0.92FEGIX First Eagle Gold Steady GrowthPairCorr
  0.94SGENX First Eagle GlobalPairCorr
  0.92SGGDX First Eagle Gold Steady GrowthPairCorr
  0.95FEORX First Eagle OverseasPairCorr
  0.94FEREX First Eagle FundsPairCorr
  0.91SGIIX First Eagle GlobalPairCorr
  0.94FERAX First Eagle FundsPairCorr
  0.94FESGX First Eagle GlobalPairCorr
  0.96FESCX First Eagle SmallPairCorr
  0.96FESAX First Eagle SmallPairCorr
  0.94FERRX First Eagle FundsPairCorr
  0.96FESRX First Eagle SmallPairCorr
  0.95FESOX First Eagle OverseasPairCorr
  1.0FESMX First Eagle SmidPairCorr
  0.94SGOIX First Eagle OverseasPairCorr
  0.92FEVRX First Eagle ValuePairCorr
  0.9FEVIX First Eagle ValuePairCorr
  0.91FEVCX First Eagle ValuePairCorr
  0.92FEVAX First Eagle ValuePairCorr
  0.92FEURX First Eagle Gold Steady GrowthPairCorr
  1.0FEXRX First Eagle SmidPairCorr
  0.95SGOVX First Eagle OverseasPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.98VSCPX Vanguard Small CapPairCorr

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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