Eagle Mlp Correlations

EGLNX Fund

USD 10.74 0.20 1.90%

The current 90-days correlation between Eagle Mlp Strategy and Eagle Mlp Strategy is 0.96 (i.e., Almost no 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

Weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.36 (i.e., 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 board of governors.

Moving together with Eagle Mutual Fund

0.99	EGLIX	Eagle Mlp Strategy	Pair Corr
0.97	EGLAX	Eagle Mlp Strategy	Pair Corr
0.95	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.95	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.96	GMLPX	Goldman Sachs Mlp	Pair Corr
0.96	GLPIX	Goldman Sachs Mlp	Pair Corr
0.96	GLPRX	Goldman Sachs Mlp	Pair Corr
0.64	NHS	Neuberger Berman High	Pair Corr
0.74	BIGPX	Blackrock Gwth Ptf	Pair Corr
0.63	VWSUX	Vanguard Short Term	Pair Corr
0.68	PADQX	Prudential Absolute	Pair Corr
0.61	FULAX	Federated Ultrashort Bond	Pair Corr
0.7	JPC	Nuveen Preferred Income	Pair Corr
0.73	RLBGX	American Balanced	Pair Corr
0.72	SBEMX	Segall Bryant Hamill	Pair Corr
0.73	MTINX	Mainstay Income Builder	Pair Corr
0.71	FIDZX	Fidelity Advisor Int	Pair Corr
0.73	FJAHX	Fidelity Freedom Blend	Pair Corr
0.65	ASVIX	Small Cap Value	Pair Corr
0.76	OSTGX	Osterweis Emerging	Pair Corr
0.72	ADX	Adams Diversified Equity	Pair Corr
0.73	HDPMX	Hodges Fund Retail	Pair Corr
0.74	AAEDX	American Century One	Pair Corr
0.72	JUEZX	Jpmorgan Equity	Pair Corr
0.71	WGGNX	William Blair Global	Pair Corr
0.72	MADVX	Blackrock Equity Dividend	Pair Corr
0.74	VFIFX	Vanguard Target Reti	Pair Corr
0.73	BRXTX	Mfs Blended Research	Pair Corr
0.73	ACSYX	Invesco Comstock	Pair Corr
0.74	AADSX	Invesco Growth Allocation	Pair Corr
0.72	RAPZX	Cohen Steers Real	Pair Corr

Related Correlations Analysis

	EGLNX	EGLIX	EGLAX	FPBFX	VGSNX	MPAIX	AMPFX	LINKX	RGCYX	MURMX
EGLNX		0.99	0.97	0.71	0.58	0.76	0.73	0.73	0.74	0.73	EGLNX
EGLIX	0.99		0.97	0.72	0.59	0.76	0.73	0.74	0.75	0.74	EGLIX
EGLAX	0.97	0.97		0.59	0.45	0.63	0.6	0.61	0.64	0.6	EGLAX
FPBFX	0.71	0.72	0.59		0.86	0.98	0.99	0.99	0.98	0.99	FPBFX
VGSNX	0.58	0.59	0.45	0.86		0.83	0.85	0.87	0.83	0.86	VGSNX
MPAIX	0.76	0.76	0.63	0.98	0.83		0.99	0.98	0.96	0.99	MPAIX
AMPFX	0.73	0.73	0.6	0.99	0.85	0.99		0.99	0.96	1.0	AMPFX
LINKX	0.73	0.74	0.61	0.99	0.87	0.98	0.99		0.98	1.0	LINKX
RGCYX	0.74	0.75	0.64	0.98	0.83	0.96	0.96	0.98		0.96	RGCYX
MURMX	0.73	0.74	0.6	0.99	0.86	0.99	1.0	1.0	0.96		MURMX
	EGLNX	EGLIX	EGLAX	FPBFX	VGSNX	MPAIX	AMPFX	LINKX	RGCYX	MURMX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EGLNX	0.88	0.04	(0.03)	0.21	1.07	(0.99)	2.18	(1.79)	5.16
EGLIX	0.89	0.03	(0.03)	0.21	1.08	(0.97)	1.95	(1.63)	5.22
EGLAX	0.90	0.02	(0.04)	0.17	1.18	(0.93)	1.95	(1.71)	5.16
FPBFX	0.58	0.26	0.23	0.66	0.00	(0.68)	1.93	(1.08)	4.11
VGSNX	0.61	0.01	(0.04)	0.15	0.87	(0.59)	1.51	(1.41)	4.67
MPAIX	1.01	0.31	0.27	0.45	0.64	(1.27)	2.59	(1.62)	6.75
AMPFX	0.70	0.15	0.14	0.28	0.49	(0.75)	2.11	(1.37)	5.52
LINKX	0.31	0.07	(0.02)	0.29	0.10	(0.35)	0.98	(0.60)	2.22
RGCYX	0.11	0.04	(0.38)	0.66	0.00	(0.17)	0.35	(0.23)	0.83
MURMX	0.49	0.10	0.07	0.28	0.37	(0.53)	1.47	(1.12)	3.44

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Eagle Mlp Correlations

Eagle Mlp Correlation With Market

Weak diversification

Moving together with Eagle Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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