Correlation Between Vital Farms and First Eagle
Can any of the company-specific risk be diversified away by investing in both Vital Farms and First Eagle at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Vital Farms and First Eagle into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vital Farms and First Eagle Fund, you can compare the effects of market volatilities on Vital Farms and First Eagle and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Vital Farms with a short position of First Eagle. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vital Farms and First Eagle.
Diversification Opportunities for Vital Farms and First Eagle
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Vital and First is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding Vital Farms and First Eagle Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on First Eagle Fund and Vital Farms is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Vital Farms are associated (or correlated) with First Eagle. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of First Eagle Fund has no effect on the direction of Vital Farms i.e., Vital Farms and First Eagle go up and down completely randomly.
Pair Corralation between Vital Farms and First Eagle
Given the investment horizon of 90 days Vital Farms is expected to under-perform the First Eagle. In addition to that, Vital Farms is 5.59 times more volatile than First Eagle Fund. It trades about -0.18 of its total potential returns per unit of risk. First Eagle Fund is currently generating about 0.12 per unit of volatility. If you would invest 3,053 in First Eagle Fund on August 16, 2025 and sell it today you would earn a total of 145.00 from holding First Eagle Fund or generate 4.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Vital Farms vs. First Eagle Fund
Performance |
| Timeline |
| Vital Farms |
| First Eagle Fund |
Vital Farms and First Eagle Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vital Farms and First Eagle
The main advantage of trading using opposite Vital Farms and First Eagle positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vital Farms position performs unexpectedly, First Eagle can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Eagle will offset losses from the drop in First Eagle's long position.| Vital Farms vs. Fresh Del Monte | Vital Farms vs. Dole PLC | Vital Farms vs. Tootsie Roll Industries | Vital Farms vs. Ingles Markets Incorporated |
| First Eagle vs. Chartwell Short Duration | First Eagle vs. Franklin Federal Limited Term | First Eagle vs. Nuveen Short Duration High | First Eagle vs. Ultra Short Fixed Income |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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