Eagle Mlp Correlations

EGLNX Fund

USD 11.20 0.03 0.27%

The current 90-days correlation between Eagle Mlp Strategy and Usaa Mutual Funds is -0.03 (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

Very weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.42 (i.e., Very 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 board of governors.

Moving together with Eagle Mutual Fund

1.0	EGLIX	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
0.99	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	GMLPX	Goldman Sachs Mlp	Pair Corr
0.98	GLPIX	Goldman Sachs Mlp	Pair Corr
0.98	GLPRX	Goldman Sachs Mlp	Pair Corr
0.9	RIFYX	Victory Rs Science	Pair Corr
0.79	JDCAX	Janus Forty Fund	Pair Corr
0.87	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.82	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.94	CLM	Cornerstone Strategic	Pair Corr
0.91	VMGRX	Vanguard Mid Cap	Pair Corr
0.69	IGOAX	Rational Inflation Growth	Pair Corr
0.86	VIGAX	Vanguard Growth Index	Pair Corr
0.99	SMAPX	Salient Mlp Energy	Pair Corr
0.93	FSLBX	Brokerage And Investment	Pair Corr
0.85	RGAGX	Growth Fund	Pair Corr
0.75	MVTRX	Transamerica Mid Cap	Pair Corr
0.84	VFINX	Vanguard 500 Index	Pair Corr

Moving against Eagle Mutual Fund

0.74	GPBFX	Gmo E Plus	Pair Corr
0.71	GAAGX	Gmo Alternative Allo	Pair Corr
0.7	GAAKX	Gmo Alternative Allo	Pair Corr
0.54	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	UATXX	TAMXX	PRRXX	SMGXX	FRQXX	TIMXX
UATXX		1.0	0.39	0.39	1.0	0.36	UATXX
TAMXX	1.0		0.39	0.39	1.0	0.36	TAMXX
PRRXX	0.39	0.39		1.0	0.39	0.91	PRRXX
SMGXX	0.39	0.39	1.0		0.39	0.91	SMGXX
FRQXX	1.0	1.0	0.39	0.39		0.36	FRQXX
TIMXX	0.36	0.36	0.91	0.91	0.36		TIMXX
	UATXX	TAMXX	PRRXX	SMGXX	FRQXX	TIMXX

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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	Treynor Ratio	Maximum Drawdown
UATXX	0.03	0.01	(2.21)	1.01
TAMXX	0.03	0.01	(2.21)	1.01
PRRXX	0.03	0.00	0.48	1.01
SMGXX	0.03	0.00	0.48	1.01
FRQXX	0.03	0.01	(2.21)	1.01
TIMXX	0.03	0.00	0.43	1.01

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