Eagle Mlp Correlations

EGLIX Fund  USD 10.34  0.04  0.39%   
The current 90-days correlation between Eagle Mlp Strategy and Eventide Healthcare Life is -0.11 (i.e., Good diversification). The correlation of Eagle Mlp 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 Mlp Correlation With Market

Very weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mlp Strategy 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 Eagle Mlp Strategy. 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 gross domestic product.

Moving together with Eagle Mutual Fund

  0.74EGLNX Eagle Mlp StrategyPairCorr
  0.99EGLCX Eagle Mlp StrategyPairCorr
  0.71EGLAX Eagle Mlp StrategyPairCorr
  0.67TORCX Tortoise Mlp PipelinePairCorr
  0.95MLPTX Oppenheimer Steelpath MlpPairCorr
  0.95OSPSX Oppenheimer Steelpath MlpPairCorr
  0.74MLPZX Oppenheimer Steelpath MlpPairCorr
  0.74OSPMX Oppenheimer Steelpath MlpPairCorr
  0.73MLPDX Oppenheimer Steelpath MlpPairCorr
  0.73MLPRX Oppenheimer Steelpath MlpPairCorr
  0.73GMLPX Goldman Sachs MlpPairCorr
  0.95GLPIX Goldman Sachs MlpPairCorr
  0.95GLPRX Goldman Sachs MlpPairCorr
  0.64MXHPX Great West ModeratelyPairCorr
  0.65ISGAX Voya Solution BalancedPairCorr
  0.62FLRAX Nuveen Large CapPairCorr
  0.62VAFNX Invesco American FraPairCorr
  0.64RBITX American Funds 2050PairCorr
  0.65QNTIX Quantex Fund InstituPairCorr
  0.62ALMAX Alger Smidcap FocusPairCorr
  0.62AECSX Emerging Markets SmallPairCorr
  0.62JSGCX John Hancock StrategicPairCorr

Moving against Eagle Mutual Fund

  0.47GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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