Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HIGUX Fund  USD 21.31  0.18  0.85%   
The current 90-days correlation between Eagle Growth Income and Franklin Natural Resources is 0.43 (i.e., Very weak 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 employment.

Moving together with Eagle Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.97CWFCX Carillon Chartwell ShortPairCorr
  0.97CWFAX Chartwell Short DurationPairCorr
  0.97CWFRX Carillon Chartwell ShortPairCorr
  1.0HIGCX Eagle Growth IncomePairCorr
  1.0HIGJX Eagle Growth IncomePairCorr
  0.94CWSIX Chartwell Small CapPairCorr
  0.94CWSHX Carillon Chartwell SmallPairCorr
  0.94CWSCX Carillon Chartwell SmallPairCorr
  0.99CWSAX Carillon Chartwell SmallPairCorr
  0.99CWSBX Carillon Chartwell SmallPairCorr
  0.94CWSWX Carillon Chartwell SmallPairCorr
  0.99CWSRX Columbia Large CapPairCorr
  0.68SCCIX Scout E BondPairCorr
  0.82SUBTX Carillon Reams UnconPairCorr
  0.81SUBDX Carillon Reams UnconPairCorr
  0.82SUBFX Scout Unconstrained BondPairCorr
  0.8SUBEX Carillon Reams UnconPairCorr
  0.73SCPEX Carillon Reams CorePairCorr
  0.76SCPDX Carillon Reams CorePairCorr
  0.77SCPWX Carillon Reams CorePairCorr
  0.77SCPZX Scout E PlusPairCorr
  0.97UMBMX Scout Mid CapPairCorr
  0.99UMBHX Scout Small CapPairCorr
  0.95BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.95BERHX Carillon Chartwell RealPairCorr
  0.99BERDX Carillon Chartwell MidPairCorr
  0.99BERBX Carillon Chartwell MidPairCorr
  0.97BERCX Berwyn CornerstonePairCorr
  0.99BERAX Carillon Chartwell MidPairCorr
  0.98HRCCX Eagle Capital ApprecPairCorr
  0.98HRCIX Eagle Capital ApprecPairCorr
  0.96HRAUX Eagle Mid CapPairCorr
  0.98HRCPX Eagle Capital ApprecPairCorr
  0.98HRCUX Eagle Capital ApprecPairCorr
  1.0HRCVX Eagle Growth IncomePairCorr
  0.97HRSCX Eagle Small CapPairCorr
  0.96HAGIX 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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