Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HIGCX Fund  USD 20.14  0.16  0.80%   
The current 90-days correlation between Eagle Growth Income and Valic Company I is 0.85 (i.e., Very poor diversification). The correlation of Eagle Growth 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 Growth Correlation With Market

Good diversification

The correlation between Eagle Growth Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Growth Income 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 Growth Income. 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 main economic indicators.

Moving together with Eagle Mutual Fund

  0.95CWFIX Chartwell Short DurationPairCorr
  0.96CWFCX Carillon Chartwell ShortPairCorr
  0.96CWFAX Chartwell Short DurationPairCorr
  0.97CWFRX Carillon Chartwell ShortPairCorr
  0.98HIGJX Eagle Growth IncomePairCorr
  0.98HIGUX Eagle Growth IncomePairCorr
  0.91CWSIX Chartwell Small CapPairCorr
  0.94CWSHX Carillon Chartwell SmallPairCorr
  0.94CWSCX Carillon Chartwell SmallPairCorr
  0.98CWSAX Carillon Chartwell SmallPairCorr
  0.96CWSBX Carillon Chartwell SmallPairCorr
  0.91CWSWX Carillon Chartwell SmallPairCorr
  0.98CWSRX Columbia Large CapPairCorr
  0.66SCCIX Scout E BondPairCorr
  0.8SUBTX Carillon Reams UnconPairCorr
  0.81SUBDX Carillon Reams UnconPairCorr
  0.8SUBFX Scout Unconstrained BondPairCorr
  0.8SUBEX Carillon Reams UnconPairCorr
  0.74SCPEX Carillon Reams CorePairCorr
  0.73SCPDX Carillon Reams CorePairCorr
  0.75SCPWX Carillon Reams CorePairCorr
  0.74SCPZX Scout E PlusPairCorr
  0.95UMBMX Scout Mid CapPairCorr
  0.99UMBHX Scout Small CapPairCorr
  0.94BERSX Carillon Chartwell RealPairCorr
  0.94BERIX Berwyn IncomePairCorr
  0.94BERHX Carillon Chartwell RealPairCorr
  0.96BERDX Carillon Chartwell MidPairCorr
  0.99BERBX Carillon Chartwell MidPairCorr
  0.99BERCX Berwyn CornerstonePairCorr
  0.99BERAX Carillon Chartwell MidPairCorr
  0.96HRCCX Eagle Capital ApprecPairCorr
  0.98HRCIX Eagle Capital ApprecPairCorr
  0.94HRAUX Eagle Mid CapPairCorr
  0.98HRCPX Eagle Capital ApprecPairCorr
  0.98HRCUX Eagle Capital ApprecPairCorr
  0.98HRCVX Eagle Growth IncomePairCorr
  0.97HRSCX Eagle Small CapPairCorr
  0.94HAGIX Eagle Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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