First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle Value
FEVRX Fund  USD 25.14  0.02  0.08%   
The current 90-days correlation between First Eagle Value and Calvert Developed Market is 0.37 (i.e., Weak 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 Value and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Value 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 Value. 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 population.

Moving together with First Mutual Fund

  0.75FEBIX First Eagle GlobalPairCorr
  0.75FEBCX First Eagle GlobalPairCorr
  0.75FEBAX First Eagle GlobalPairCorr
  0.99FEAMX First Eagle FundPairCorr
  0.79FEAIX First Eagle FundPairCorr
  0.75FEBRX First Eagle GlobalPairCorr
  0.94FEFRX First Eagle FundPairCorr
  0.78FEFAX First Eagle FundPairCorr
  0.68FEGRX First Eagle GlobalPairCorr
  0.72FEGOX First Eagle Gold Steady GrowthPairCorr
  0.72FEGIX First Eagle Gold Steady GrowthPairCorr
  0.77SGENX First Eagle GlobalPairCorr
  0.92FEMAX First Eagle SmidPairCorr
  0.74SGGDX First Eagle Gold Steady GrowthPairCorr
  0.77FEORX First Eagle OverseasPairCorr
  0.83FEREX First Eagle FundsPairCorr
  0.68SGIIX First Eagle GlobalPairCorr
  0.69FERAX First Eagle FundsPairCorr
  0.79FESGX First Eagle GlobalPairCorr
  0.83FESCX First Eagle SmallPairCorr
  0.74FESAX First Eagle SmallPairCorr
  0.7FERRX First Eagle FundsPairCorr
  0.74FESRX First Eagle SmallPairCorr
  0.76FESOX First Eagle OverseasPairCorr
  0.74FESMX First Eagle SmidPairCorr
  0.73SGOIX First Eagle OverseasPairCorr
  0.68FEVIX First Eagle ValuePairCorr
  0.93FEVCX First Eagle ValuePairCorr
  0.78FEVAX First Eagle ValuePairCorr
  0.72FEURX First Eagle Gold Steady GrowthPairCorr
  0.84FEXRX First Eagle SmidPairCorr
  0.76SGOVX First Eagle OverseasPairCorr
  0.74IFAFX Income FundPairCorr
  0.71AMECX Income FundPairCorr
  0.73IFACX Income FundPairCorr

Moving against First Mutual Fund

  0.45FEHCX First Eagle HighPairCorr
  0.34FEHRX First Eagle HighPairCorr
  0.33FEHAX First Eagle HighPairCorr
  0.45XDSMX Dreyfus StrategicPairCorr
  0.45XNXJX Nuveen New JerseyPairCorr

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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