Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HIGUX Fund  USD 20.29  0.11  0.55%   
The current 90-days correlation between Eagle Growth Income and Jhancock Diversified Macro is 0.22 (i.e., Modest 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

Very poor diversification

The correlation between Eagle Growth Income and DJI is 0.84 (i.e., Very poor 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 population.

Moving together with Eagle Mutual Fund

  0.91CWFIX Chartwell Short DurationPairCorr
  0.92CWFCX Carillon Chartwell ShortPairCorr
  0.92CWFAX Chartwell Short DurationPairCorr
  0.92CWFRX Carillon Chartwell ShortPairCorr
  1.0HIGCX Eagle Growth IncomePairCorr
  1.0HIGJX Eagle Growth IncomePairCorr
  0.99CWSIX Chartwell Small CapPairCorr
  0.81CWSGX Chartwell Small CapPairCorr
  0.99CWSHX Carillon Chartwell SmallPairCorr
  0.99CWSCX Carillon Chartwell SmallPairCorr
  0.85CWSAX Carillon Chartwell SmallPairCorr
  0.84CWSBX Carillon Chartwell SmallPairCorr
  0.99CWSWX Carillon Chartwell SmallPairCorr
  0.85CWSRX Columbia Large CapPairCorr
  0.99SUBTX Carillon Reams UnconPairCorr
  0.98SUBDX Carillon Reams UnconPairCorr
  0.98SUBFX Scout Unconstrained BondPairCorr
  0.98SUBEX Carillon Reams UnconPairCorr
  0.65SCPDX Carillon Reams CorePairCorr
  0.64SCPWX Carillon Reams CorePairCorr
  0.62SCPZX Scout E PlusPairCorr
  0.86UMBMX Scout Mid CapPairCorr
  0.8UMBHX Scout Small CapPairCorr
  0.89BERSX Carillon Chartwell RealPairCorr
  0.88BERIX Berwyn IncomePairCorr
  0.89BERGX Carillon Chartwell RealPairCorr
  0.88BERHX Carillon Chartwell RealPairCorr
  0.99BERDX Carillon Chartwell MidPairCorr
  0.97BERBX Carillon Chartwell MidPairCorr
  0.99BERCX Berwyn CornerstonePairCorr
  0.99BERAX Carillon Chartwell MidPairCorr
  0.76HRCCX Eagle Capital ApprecPairCorr
  0.77HRCPX Eagle Capital ApprecPairCorr

Moving against Eagle Mutual Fund

  0.96CSSVX Carillon Scout SmallPairCorr
  0.96CSSJX Carillon Scout SmallPairCorr
  0.96CSSAX Carillon Scout SmallPairCorr
  0.91HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis


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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