Eagle Mlp Correlations

EGLIX Fund

USD 11.02 0.04 0.36%

The current 90-days correlation between Eagle Mlp Strategy and Barings Active Short is -0.01 (i.e., Good diversification). The correlation of Eagle Mlp 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 Mlp Correlation With Market

Weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mlp Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Mlp Strategy. 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 gross domestic product.

Moving together with Eagle Mutual Fund

0.98	EGLNX	Eagle Mlp Strategy	Pair Corr
1.0	EGLCX	Eagle Mlp Strategy	Pair Corr
1.0	EGLAX	Eagle Mlp Strategy	Pair Corr
1.0	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.97	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	GMLPX	Goldman Sachs Mlp	Pair Corr
0.98	GLPIX	Goldman Sachs Mlp	Pair Corr
0.96	GLPRX	Goldman Sachs Mlp	Pair Corr
0.88	GUMPX	Guggenheim Market Neutral	Pair Corr
0.92	WCPSX	Mobile Telecommunicatio	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.77	FCNTX	Fidelity Contrafund	Pair Corr
0.7	TRBUX	T Rowe Price	Pair Corr
0.88	SSMOX	Steward Small Mid	Pair Corr
0.81	ACIPX	American Century Mid	Pair Corr
0.88	USA	Liberty All Star	Pair Corr
0.78	THLCX	Thrivent Large Cap	Pair Corr
0.8	PEO	Adams Natural Resources	Pair Corr
0.82	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.9	BPIRX	Boston Partners Longshort	Pair Corr
0.85	BDJ	Blackrock Enhanced Equity	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.8	CPLIX	Calamos Phineus Longshort	Pair Corr
0.9	ABVCX	Ab Value Fund	Pair Corr

Moving against Eagle Mutual Fund

0.59	NHS	Neuberger Berman High	Pair Corr
0.46	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	BXDCX	RUSIX	ASCLX	ASTIX	RSDIX	SUSAX	PRMDX
BXDCX		0.76	0.55	0.55	0.67	0.86	0.68	BXDCX
RUSIX	0.76		0.81	0.79	0.23	0.95	0.38	RUSIX
ASCLX	0.55	0.81		0.96	-0.1	0.73	0.22	ASCLX
ASTIX	0.55	0.79	0.96		-0.11	0.72	0.22	ASTIX
RSDIX	0.67	0.23	-0.1	-0.11		0.34	0.66	RSDIX
SUSAX	0.86	0.95	0.73	0.72	0.34		0.47	SUSAX
PRMDX	0.68	0.38	0.22	0.22	0.66	0.47		PRMDX
	BXDCX	RUSIX	ASCLX	ASTIX	RSDIX	SUSAX	PRMDX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ASTIX	+ 0.96	ASCLX
SUSAX	+ 0.95	RUSIX
SUSAX	+ 0.86	BXDCX
ASCLX	+ 0.81	RUSIX
ASTIX	+ 0.79	RUSIX
RUSIX	+ 0.76	BXDCX

High negative correlations

RSDIX	- 0.11	ASTIX
RSDIX	- 0.1	ASCLX

Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Mlp 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 Mlp'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
ASCLX	0.36	0.00	(0.09)	0.12	0.36	(0.40)	0.77	(0.93)	2.91
ASTIX	0.28	0.05	(0.17)	1.68	0.26	(0.32)	0.57	(0.64)	1.79
RSDIX	0.08	0.00	(0.88)	(2.05)	0.03	(0.16)	0.21	(0.10)	0.72
SUSAX	0.06	0.01	(1.07)	(0.62)	0.00	(0.15)	0.10	(0.10)	0.51
PRMDX	0.06	0.00	(0.46)	(0.09)	0.00	(0.20)	0.20	(0.19)	0.59

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