Eagle Mid Correlations

Mutual Funds . USA . 
Fund . Eagle Mid Cap
HRAUX Fund  USD 84.03  0.39  0.47%   
The current 90-days correlation between Eagle Mid Cap and Mfs Mid Cap is 0.76 (i.e., 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

Poor diversification

The correlation between Eagle Mid Cap and DJI is 0.73 (i.e., 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 employment.

Moving together with Eagle Mutual Fund

  0.63CWFIX Chartwell Short DurationPairCorr
  0.61CWFCX Carillon Chartwell ShortPairCorr
  0.62CWFAX Chartwell Short DurationPairCorr
  0.63CWFRX Carillon Chartwell ShortPairCorr
  0.74HIGCX Eagle Growth IncomePairCorr
  0.74HIGJX Eagle Growth IncomePairCorr
  0.74HIGUX Eagle Growth IncomePairCorr
  0.61CWSIX Chartwell Small CapPairCorr
  0.95CWSGX Chartwell Small CapPairCorr
  0.61CWSHX Carillon Chartwell SmallPairCorr
  0.61CWSCX Carillon Chartwell SmallPairCorr
  0.69CWSAX Carillon Chartwell SmallPairCorr
  0.95CWSBX Carillon Chartwell SmallPairCorr
  0.62CWSWX Carillon Chartwell SmallPairCorr
  0.95CWSRX Columbia Large CapPairCorr
  0.66SUBTX Carillon Reams UnconPairCorr
  0.65SUBDX Carillon Reams UnconPairCorr
  0.64SUBEX Carillon Reams UnconPairCorr
  0.68UMBMX Scout Mid CapPairCorr
  0.69UMBHX Scout Small CapPairCorr
  0.78BERSX Carillon Chartwell RealPairCorr
  0.63BERIX Berwyn IncomePairCorr
  0.63BERGX Carillon Chartwell RealPairCorr
  0.97BERDX Carillon Chartwell MidPairCorr
  0.69BERBX Carillon Chartwell MidPairCorr
  0.69BERCX Berwyn CornerstonePairCorr
  0.69BERAX Carillon Chartwell MidPairCorr
  0.7HRCCX Eagle Capital ApprecPairCorr
  0.71HRCIX Eagle Capital ApprecPairCorr
  0.71HRCPX Eagle Capital ApprecPairCorr
  0.71HRCUX Eagle Capital ApprecPairCorr
  0.73HRCVX 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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