Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HRCVX Fund  USD 21.45  0.18  0.85%   
The current 90-days correlation between Eagle Growth Income and Chartwell Short Duration is 0.59 (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 0.91 (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 real.

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
  1.0HIGJX Eagle Growth IncomePairCorr
  1.0HIGUX Eagle Growth IncomePairCorr
  0.94CWSIX Chartwell Small CapPairCorr
  0.92CWSHX Carillon Chartwell SmallPairCorr
  0.93CWSCX Carillon Chartwell SmallPairCorr
  0.97CWSAX Carillon Chartwell SmallPairCorr
  0.99CWSBX Carillon Chartwell SmallPairCorr
  0.94CWSWX Carillon Chartwell SmallPairCorr
  0.97CWSRX Columbia Large CapPairCorr
  0.67SCCIX Scout E BondPairCorr
  0.81SUBTX Carillon Reams UnconPairCorr
  0.81SUBDX Carillon Reams UnconPairCorr
  0.82SUBFX Scout Unconstrained BondPairCorr
  0.8SUBEX Carillon Reams UnconPairCorr
  0.74SCPEX Carillon Reams CorePairCorr
  0.78SCPDX Carillon Reams CorePairCorr
  0.77SCPWX Carillon Reams CorePairCorr
  0.76SCPZX Scout E PlusPairCorr
  0.97UMBMX Scout Mid CapPairCorr
  0.97UMBHX Scout Small CapPairCorr
  0.95BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.94BERHX Carillon Chartwell RealPairCorr
  0.99BERDX Carillon Chartwell MidPairCorr
  0.97BERBX Carillon Chartwell MidPairCorr
  0.97BERCX Berwyn CornerstonePairCorr
  0.97BERAX Carillon Chartwell MidPairCorr
  0.98HRCCX Eagle Capital ApprecPairCorr
  0.97HRCIX Eagle Capital ApprecPairCorr
  0.96HRAUX Eagle Mid CapPairCorr
  0.97HRCPX Eagle Capital ApprecPairCorr
  0.97HRCUX Eagle Capital ApprecPairCorr
  0.96HRSCX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWFIX  0.08  0.03 (0.74) 0.57  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
CWFCX  0.08  0.04 (0.71)(1.89) 0.00 
(0.15)
 0.21 
(0.10)
 0.64 
CWFAX  0.10  0.04 (0.62)(1.20) 0.00 
(0.16)
 0.32 
(0.11)
 0.75 
CWFRX  0.09  0.05 (0.59)(0.95) 0.00 
(0.15)
 0.32 
(0.11)
 0.75 
HIGCX  0.57  0.19  0.07 (2.49) 0.50 
(0.65)
 1.49 
(1.13)
 3.96 
HIGJX  0.56  0.07  0.05  0.23  0.49 
(0.64)
 1.61 
(1.12)
 4.00 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 
CWSIX  1.06  0.07  0.08  0.19  1.01 
(1.26)
 2.54 
(1.81)
 7.73 
CWSGX  0.90  0.10  0.10  0.23  0.83 
(1.04)
 2.13 
(1.65)
 6.05 
CWSHX  1.06  0.27  0.09 (1.51) 0.99 
(1.24)
 2.55 
(1.81)
 7.74 

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