First Eagle Correlations

FESOX Fund  USD 23.46  0.24  1.01%   
The current 90-days correlation between First Eagle Overseas and First Eagle Global is -0.07 (i.e., Good 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

Average diversification

The correlation between First Eagle Overseas and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Eagle Overseas 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 Overseas. 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 persons.

Moving together with First Mutual Fund

  0.83FEBIX First Eagle GlobalPairCorr
  0.84FEBCX First Eagle GlobalPairCorr
  0.83FEBAX First Eagle GlobalPairCorr
  0.93FEBRX First Eagle GlobalPairCorr
  0.75FEGRX First Eagle GlobalPairCorr
  0.63FEGOX First Eagle GoldPairCorr
  0.63SGGDX First Eagle GoldPairCorr
  0.69FEORX First Eagle OverseasPairCorr
  0.7FERRX First Eagle FundsPairCorr
  1.0SGOIX First Eagle OverseasPairCorr
  0.63FEURX First Eagle GoldPairCorr
  0.68SGOVX First Eagle OverseasPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr

Moving against First Mutual Fund

  0.59FEMAX First Eagle SmidPairCorr
  0.59FESCX First Eagle SmallPairCorr
  0.59FESAX First Eagle SmallPairCorr
  0.63XGEIX Guggenheim Energy IncomePairCorr
  0.59FEXRX First Eagle SmidPairCorr
  0.58FESRX First Eagle SmallPairCorr
  0.58FESMX First Eagle SmidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SGOVXFESGX
FEAMXFEVCX
FEAMXFESGX
FEVCXFESGX
SGOVXFEVCX
SGOVXFEAMX
  
High negative correlations   
SGOVXCVGCX
CVGCXFESGX
CVGCXFEVCX
FEAMXCVGCX

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.