Eagle Mid Correlations

Mutual Funds . USA . 
Fund . Eagle Mid Cap
HAGAX Fund  USD 75.77  0.36  0.48%   
The current 90-days correlation between Eagle Mid Cap and Eagle Small Cap is 0.84 (i.e., Very poor 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

Very poor diversification

The correlation between Eagle Mid Cap and DJI is 0.83 (i.e., Very 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 nation.

Moving together with Eagle Mutual Fund

  0.96CWFCX Carillon Chartwell ShortPairCorr
  0.96CWFAX Chartwell Short DurationPairCorr
  0.96CWFRX Carillon Chartwell ShortPairCorr
  0.96HIGJX Eagle Growth IncomePairCorr
  0.96HIGUX Eagle Growth IncomePairCorr
  0.95CWSIX Chartwell Small CapPairCorr
  0.96CWSGX Chartwell Small CapPairCorr
  0.94CWSHX Carillon Chartwell SmallPairCorr
  0.94CWSCX Carillon Chartwell SmallPairCorr
  0.94CWSAX Carillon Chartwell SmallPairCorr
  0.96CWSBX Carillon Chartwell SmallPairCorr
  0.95CWSWX Carillon Chartwell SmallPairCorr
  0.94CWSRX Columbia Large CapPairCorr
  0.72SUBTX Carillon Reams UnconPairCorr
  0.72SUBDX Carillon Reams UnconPairCorr
  0.72SUBFX Scout Unconstrained BondPairCorr
  0.72SUBEX Carillon Reams UnconPairCorr
  0.65SCPEX Carillon Reams CorePairCorr
  0.67SCPDX Carillon Reams CorePairCorr
  0.68SCPWX Carillon Reams CorePairCorr
  0.67SCPZX Scout E PlusPairCorr
  1.0UMBMX Scout Mid CapPairCorr
  0.91BERSX Carillon Chartwell RealPairCorr
  0.91BERIX Berwyn IncomePairCorr
  0.92BERGX Carillon Chartwell RealPairCorr
  0.91BERHX Carillon Chartwell RealPairCorr
  0.98BERDX Carillon Chartwell MidPairCorr
  0.96BERBX Carillon Chartwell MidPairCorr
  0.96BERCX Berwyn CornerstonePairCorr
  0.98BERAX Carillon Chartwell MidPairCorr
  0.99HRCCX Eagle Capital ApprecPairCorr
  0.98HRCIX Eagle Capital ApprecPairCorr
  1.0HRAUX Eagle Mid CapPairCorr
  0.98HRCPX Eagle Capital ApprecPairCorr
  0.98HRCUX Eagle Capital ApprecPairCorr
  0.96HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

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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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