First Eagle Correlations

Mutual Funds . USA . 
Fund . First Eagle High
FEHRX Fund  USD 7.89  0.02  0.25%   
The correlation of First Eagle is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Eagle High moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities. For more information on how to buy First Mutual Fund please use our How to Invest in First Eagle guide.
  
The ability to find closely correlated positions to First Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Eagle High to buy it.

Moving together with First Eagle

+0.9VWEAXVanguard High-yieldPairCorr
+0.91VWEHXVANGUARD HIGH-YIELDPairCorr
+0.88PHYZXPRUDENTIAL HIGH YIELDPairCorr
+0.93BRHYXBlackRock Hi YldPairCorr
+0.89PHYQXPRUDENTIAL HIGH YIELDPairCorr
+0.9PBHAXPRUDENTIAL HIGH YIELDPairCorr
+0.92AHTFXAMERICAN HIGH INCOMEPairCorr
+0.91CITFXAMERICAN HIGH INCOMEPairCorr
+0.91RITCXAMERICAN HIGH INCOMEPairCorr
+0.92CITAXAMERICAN HIGH INCOMEPairCorr
+0.7INPIXINTERNET ULTRASECTORPairCorr

Moving against First Eagle

-0.58KOCoca-Cola Aggressive PushPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
FEHRX
+ 0.99
FIHRX
LBDRX
+ 0.98
NAWCX
FERHX
+ 0.95
FEHRX
FERHX
+ 0.94
FIHRX
EARHX
+ 0.94
FEHRX
EARHX
+ 0.93
FIHRX
  
High negative correlations   
NAWCX
- 0.37
FLDZX
LBDRX
- 0.26
FLDZX

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
FIHRX 0.26  0.00  0.08  0.00  0.24  0.07 (0.36)  0.64 (0.51)  1.51 
FEHRX 0.26  0.00  0.08 (0.06)  0.25  0.09 (0.34)  0.51 (0.51)  1.62 
FERHX 0.27  0.00  0.06 (0.07)  0.26  0.06 (0.38)  0.63 (0.50)  1.63 
EARHX 0.25  0.01  0.09  0.03  0.24  0.09 (0.33)  0.51 (0.51)  1.51 
FLDZX 0.15  0.02  0.19 (0.37)  0.00  0.20 (0.24)  0.34 (0.23)  1.13 
CHKFX 0.12  0.00  0.11  0.10  0.10  0.16 (0.17)  0.30 (0.30)  0.80 
NAWCX 0.67 (0.02)  0.00 (0.06)  0.00 (0.0246)  0.00  1.21 (1.37)  3.51 
LBDRX 0.80 (0.04)  0.00 (0.06)  0.00 (0.0426)  0.00  1.48 (1.88)  4.44 
PWJQX 0.90  0.17  0.17  0.16  0.87  0.15 (1.05)  1.91 (1.33)  5.04 

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Eagle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in First Eagle High?

The danger of trading First Eagle High is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Eagle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Eagle. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Eagle High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities. For more information on how to buy First Mutual Fund please use our How to Invest in First Eagle guide. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for analysis

When running First Eagle High 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 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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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 First Eagle value 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.
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