FIRST EAGLE Competition

FEHAX Fund

USD 7.95 0.02 0.25%

FIRST EAGLE HIGH competes with MSIFT High, HIGH-YIELD MUNICIPAL, PRUDENTIAL HIGH, ALPINE HIGH, and VOYA HIGH; as well as few others. The fund is listed under High Yield Bond category and is part of First Eagle family. Analyzing FIRST EAGLE competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of FIRST EAGLE to its intrinsic valuation because they are able to contrast its competitors on a relative basis.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of FIRST EAGLE competition on your existing holdings. Check out FIRST EAGLE Correlation with its peers.

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of FIRST EAGLE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of FIRST EAGLE in the context of predictive analytics.

Hype

Prediction

Low	Estimated	High
7.69	7.95	8.21

Details

Intrinsic

Valuation

Low	Real	High
7.03	7.29	8.75

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as FIRST EAGLE. Your research has to be compared to or analyzed against FIRST EAGLE's peers to derive any actionable benefits. When done correctly, FIRST EAGLE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in FIRST EAGLE HIGH.

FIRST EAGLE Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between FIRST EAGLE and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of FIRST and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of FIRST EAGLE HIGH does not affect the price movement of the other competitor.

Related Correlations

	MRHYX	AYMIX	PHYZX	AHYMX	IMYCX	NHCCX
MRHYX		0.56	0.98	0.8	0.96	0.55	MRHYX
AYMIX	0.56		0.64	0.9	0.66	0.99	AYMIX
PHYZX	0.98	0.64		0.83	0.97	0.62	PHYZX
AHYMX	0.8	0.9	0.83		0.81	0.88	AHYMX
IMYCX	0.96	0.66	0.97	0.81		0.63	IMYCX
NHCCX	0.55	0.99	0.62	0.88	0.63		NHCCX
	MRHYX	AYMIX	PHYZX	AHYMX	IMYCX	NHCCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

Nowadays, there is a big difference between FIRST Mutual Fund performing well and FIRST EAGLE Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze FIRST EAGLE's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Information Ratio	Expected Shortfall	Potential Upside	Value At Risk	Maximum Drawdown
MRHYX	0.22	0.02	0.09	0.08	0.18	0.09	(0.30)	0.38	(0.38)	1.47	MSIFT High Profile MSIFT High Dashboard Technical analysis Backtest
AYMIX	0.21	0.01	0.09	(0.20)	0.22	0.10	(0.26)	0.46	(0.47)	1.50	HIGH-YIELD MUNICIPAL Profile HIGH-YIELD MUNICIPAL Dashboard Technical analysis Backtest
PHYZX	0.23	0.03	0.12	0.17	0.13	0.12	(0.37)	0.66	(0.44)	1.99	PRUDENTIAL HIGH Profile PRUDENTIAL HIGH Dashboard Technical analysis Backtest
AHYMX	0.09	0.00	0.08	(0.12)	0.00	0.13	(0.14)	0.22	(0.22)	0.66	ALPINE HIGH Profile ALPINE HIGH Dashboard Technical analysis Backtest
IMYCX	0.25	0.01	0.09	0.06	0.20	0.08	(0.34)	0.46	(0.45)	1.66	VOYA HIGH Profile VOYA HIGH Dashboard Technical analysis Backtest News Timeline
NHCCX	0.28	0.03	0.09	(0.77)	0.35	0.11	(0.31)	0.68	(0.67)	2.14	NUVEEN HIGH Profile NUVEEN HIGH Dashboard Technical analysis Backtest

FIRST EAGLE Competitive Analysis

The better you understand FIRST EAGLE competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, FIRST EAGLE's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across FIRST EAGLE's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	FEHAX	MRHYX	AYMIX	PHYZX	AHYMX	IMYCX	NHCCX
	0.25 7.95 FIRST	0.12 8.11 MSIFT	0.35 8.66 HIGH-YIELD	0.22 4.59 PRUDENTIAL	0.11 9.17 ALPINE	0.45 6.69 VOYA	0.07 15.05 NUVEEN
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Insignificant	Modest	Modest	OK	Insignificant	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Very Small	Very Small	Very Small	Very Small	Very Small	Very Small	Very Small
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Hold	Cautious Hold	Hold	Strong Sell	Hold	Cautious Hold
Net Asset	181.84 M	171.74 M	892.35 M	24.72 B	204.19 M	462.43 M	18.54 B
Minimum Initial Investment	N/A	N/A	5 M	N/A	N/A	N/A	N/A
Five Year Return	1.86 %	3.24 %	3.93 %	4.66 %	2.45 %	2.69 %	3.64 %
One Year Return	(1.89) %	(3.47) %	(1.47) %	1.03 %	0.17 %	0.27 %	(4.18) %
Last Dividend Paid	0.03	0.04	0.03	0.03	0.02	0.03	0.06
Price to Sales	N/A	N/A	N/A	N/A	N/A	N/A	1.16 X
Price to Book	N/A	N/A	N/A	N/A	N/A	N/A	8.54 X
Cash Position Weight	6.84 %	0.24 %	0.02 %	0.76 %	4.65 %	5.09 %	0.08 %
Equity Positions Weight	N/A	0.02 %	N/A	1.94 %	N/A	0.45 %	8.71 %
Three Year Return	1.04 %	1.66 %	3.23 %	3.34 %	2.06 %	1.53 %	2.79 %
Bond Positions Weight	15.06 %	12.08 %	99.97 %	87.82 %	2.28 %	10.64 %	8.76 %
Ten Year Return	4.90 %	N/A	5.05 %	6.78 %	N/A	5.49 %	5.58 %
Price to Earning	N/A	N/A	N/A	N/A	N/A	N/A	10.30 X
Daily Balance Of Power	N/A	N/A	N/A	N/A	9223.4 B	N/A	N/A
Day Typical Price	N/A	N/A	N/A	N/A	9.17	N/A	N/A
Rate Of Daily Change	N/A	N/A	N/A	N/A	1.0	N/A	N/A
Day Median Price	N/A	N/A	N/A	N/A	9.17	N/A	N/A
Price Action Indicator	N/A	N/A	N/A	N/A	0.005	N/A	N/A
Coefficient Of Variation	750.51	1265.34	1167.41	958.42	1051.09	1534.98	983.52
Mean Deviation	0.2057	0.2191	0.2128	0.2309	0.085	0.2486	0.2809
Jensen Alpha	0.0271	0.0153	0.014	0.0259	0.0015	0.0138	0.03
Total Risk Alpha	0.0291	0.0175	0.0197	0.0289	0.0036	0.016	0.0368
Sortino Ratio	0.1706	0.0908	0.0871	0.1179	0.0808	0.0872	0.0945
Downside Variance	0.054	0.0925	0.1165	0.1066	0.0407	0.0865	0.2284
Standard Deviation	0.263	0.2911	0.2933	0.3249	0.123	0.3229	0.399
Kurtosis	0.9544	0.8233	1.94	3.42	1.17	1.81	1.95
Potential Upside	0.5076	0.3783	0.4587	0.655	0.2183	0.4594	0.678
Treynor Ratio	0.1763	0.0816	(0.20)	0.1727	(0.12)	0.0587	(0.77)
Maximum Drawdown	1.16	1.47	1.5	1.99	0.6554	1.66	2.14
Variance	0.0692	0.0847	0.086	0.1056	0.0151	0.1043	0.1592
Market Risk Adjusted Performance	0.1863	0.0916	(0.19)	0.1827	(0.11)	0.0687	(0.76)
Risk Adjusted Performance	0.0996	0.0521	0.0585	0.0792	0.023	0.0422	0.0821
Skewness	0.6009	0.4569	(0.14)	1.16	(0.48)	0.8155	(0.50)
Semi Deviation	0.0	0.176	0.2176	0.1267	0.0	0.2013	0.3543
Information Ratio	0.1507	0.0948	0.1014	0.1185	0.1326	0.0794	0.1132
Value At Risk	(0.26)	(0.38)	(0.47)	(0.44)	(0.22)	(0.45)	(0.67)
Expected Short fall	(0.31)	(0.30)	(0.26)	(0.37)	(0.14)	(0.34)	(0.31)
Downside Deviation	0.2324	0.3042	0.3413	0.3265	0.2018	0.2941	0.4779
Semi Variance	(0.00081433)	0.031	0.0474	0.0161	(0.00060755)	0.0405	0.1256

FIRST EAGLE Competition Performance Charts

Five steps to successful analysis of FIRST EAGLE Competition

FIRST EAGLE's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by FIRST EAGLE HIGH in relation to its competition. FIRST EAGLE's competition analysis typically involves several steps, including::

Identifying the key players in the market: This involves identifying the major competitors of FIRST EAGLE in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact FIRST EAGLE's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to FIRST EAGLE HIGH, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your FIRST EAGLE position

In addition to having FIRST EAGLE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Wholesale

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wholesale Theme or any other thematic opportunities.

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Check out FIRST EAGLE Correlation with its peers. Note that the FIRST EAGLE HIGH information on this page should be used as a complementary analysis to other FIRST EAGLE's statistical models used 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for FIRST Mutual Fund analysis

When running FIRST EAGLE's price analysis, check to measure FIRST EAGLE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FIRST EAGLE is operating at the current time. Most of FIRST EAGLE's value examination focuses on studying past and present price action to predict the probability of FIRST EAGLE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIRST EAGLE's price. Additionally, you may evaluate how the addition of FIRST EAGLE to your portfolios can decrease your overall portfolio volatility.

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	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges

Please note, there is a significant difference between FIRST EAGLE's value and its price as these two are different measures arrived at by different means. Investors typically determine if FIRST EAGLE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FIRST EAGLE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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FIRST EAGLE Competition

Specify up to 10 symbols:

FIRST EAGLE Competition Correlation Matrix

Related Correlations

Risk-Adjusted Indicators

FIRST EAGLE Competitive Analysis

FIRST EAGLE Competition Performance Charts

Five steps to successful analysis of FIRST EAGLE Competition

Complement your FIRST EAGLE position

Did You Try This Idea?

Run Wholesale Thematic Idea Now

Wholesale

Complementary Tools for FIRST Mutual Fund analysis

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