Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HIGJX Fund  USD 21.36  0.17  0.80%   
The current 90-days correlation between Eagle Growth Income and Carillon Chartwell Short is -0.14 (i.e., Good 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

Almost no diversification

The correlation between Eagle Growth Income and DJI is 0.93 (i.e., Almost no 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 inflation.

Moving together with Eagle Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.96CWFCX Carillon Chartwell ShortPairCorr
  0.96CWFAX Chartwell Short DurationPairCorr
  0.96CWFRX Carillon Chartwell ShortPairCorr
  0.98HIGCX Eagle Growth IncomePairCorr
  1.0HIGUX Eagle Growth IncomePairCorr
  0.75CWSIX Chartwell Small CapPairCorr
  0.92CWSHX Carillon Chartwell SmallPairCorr
  0.68CWSCX Carillon Chartwell SmallPairCorr
  0.97CWSAX Carillon Chartwell SmallPairCorr
  0.97CWSBX Carillon Chartwell SmallPairCorr
  0.71CWSWX Carillon Chartwell SmallPairCorr
  0.96CWSRX Columbia Large CapPairCorr
  0.68SCCIX Scout E BondPairCorr
  0.82SUBTX Carillon Reams UnconPairCorr
  0.81SUBDX Carillon Reams UnconPairCorr
  0.63SUBFX Scout Unconstrained BondPairCorr
  0.78SCPDX Carillon Reams CorePairCorr
  0.78SCPWX Carillon Reams CorePairCorr
  0.77SCPZX Scout E PlusPairCorr
  0.97UMBMX Scout Mid CapPairCorr
  0.97UMBHX Scout Small CapPairCorr
  0.77BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.94BERHX Carillon Chartwell RealPairCorr
  0.73BERDX Carillon Chartwell MidPairCorr
  0.74BERBX Carillon Chartwell MidPairCorr
  0.97BERCX Berwyn CornerstonePairCorr
  0.97BERAX Carillon Chartwell MidPairCorr
  0.79HRCCX Eagle Capital ApprecPairCorr
  0.97HRCIX Eagle Capital ApprecPairCorr
  0.74HRAUX Eagle Mid CapPairCorr
  0.72HRCPX Eagle Capital ApprecPairCorr
  0.72HRCUX Eagle Capital ApprecPairCorr
  0.97HRCVX Eagle Growth IncomePairCorr
  0.96HRSCX Eagle Small CapPairCorr
  0.74HAGIX Eagle Mid CapPairCorr

Related Correlations Analysis

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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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