Eagle Mid Correlations

Mutual Funds . USA . 
Fund . Eagle Mid Cap
HAGIX Fund  USD 83.37  0.64  0.77%   
The current 90-days correlation between Eagle Mid Cap and Goldman Sachs Clean is -0.03 (i.e., Good diversification). The correlation of Eagle Mid 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.

Eagle Mid Correlation With Market

Poor diversification

The correlation between Eagle Mid Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Eagle Mid Cap. 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 inflation.

Moving together with Eagle Mutual Fund

  0.87CWFIX Chartwell Short DurationPairCorr
  0.87CWFAX Chartwell Short DurationPairCorr
  0.87CWFRX Carillon Chartwell ShortPairCorr
  0.94HIGCX Eagle Growth IncomePairCorr
  0.94HIGJX Eagle Growth IncomePairCorr
  0.94HIGUX Eagle Growth IncomePairCorr
  0.82CWSIX Chartwell Small CapPairCorr
  0.96CWSGX Chartwell Small CapPairCorr
  0.77CWSHX Carillon Chartwell SmallPairCorr
  0.78CWSCX Carillon Chartwell SmallPairCorr
  0.91CWSAX Carillon Chartwell SmallPairCorr
  0.82CWSWX Carillon Chartwell SmallPairCorr
  0.8SCCIX Scout E BondPairCorr
  0.85SUBTX Carillon Reams UnconPairCorr
  0.85SUBDX Carillon Reams UnconPairCorr
  0.84SUBFX Scout Unconstrained BondPairCorr
  0.85SUBEX Carillon Reams UnconPairCorr
  0.81SCPEX Carillon Reams CorePairCorr
  0.82SCPDX Carillon Reams CorePairCorr
  0.82SCPWX Carillon Reams CorePairCorr
  0.82SCPZX Scout E PlusPairCorr
  0.95UMBMX Scout Mid CapPairCorr
  0.95UMBHX Scout Small CapPairCorr
  0.81BERIX Berwyn IncomePairCorr
  0.83BERGX Carillon Chartwell RealPairCorr
  0.8BERHX Carillon Chartwell RealPairCorr
  0.89BERDX Carillon Chartwell MidPairCorr
  0.89BERBX Carillon Chartwell MidPairCorr
  0.88HRCCX Eagle Capital ApprecPairCorr
  0.88HRCIX Eagle Capital ApprecPairCorr
  1.0HRAUX Eagle Mid CapPairCorr
  0.85HRCPX Eagle Capital ApprecPairCorr
  0.85HRCUX Eagle Capital ApprecPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Mid 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 Eagle Mid'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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