Eagle Capital Correlations

HRCUX Fund

USD 64.98 0.03 0.05%

The current 90-days correlation between Eagle Capital Apprec and Gamco Global Telecommunications is 0.56 (i.e., Very weak diversification). The correlation of Eagle Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Eagle Capital Appreciation and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Capital Appreciation 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 Capital Appreciation. 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

0.77	CWFIX	Chartwell Short Duration	Pair Corr
0.64	CWFCX	Carillon Chartwell Short	Pair Corr
0.78	CWFAX	Chartwell Short Duration	Pair Corr
0.76	CWFRX	Carillon Chartwell Short	Pair Corr
0.92	HIGCX	Eagle Growth Income	Pair Corr
0.92	HIGJX	Eagle Growth Income	Pair Corr
0.92	HIGUX	Eagle Growth Income	Pair Corr
0.88	CWSIX	Chartwell Small Cap	Pair Corr
0.97	CWSGX	Chartwell Small Cap	Pair Corr
0.88	CWSHX	Carillon Chartwell Small	Pair Corr
0.88	CWSCX	Carillon Chartwell Small	Pair Corr
0.97	CWSAX	Carillon Chartwell Small	Pair Corr
0.97	CWSBX	Carillon Chartwell Small	Pair Corr
0.97	CWSRX	Columbia Large Cap	Pair Corr
0.97	UMBMX	Scout Mid Cap	Pair Corr
0.89	UMBHX	Scout Small Cap	Pair Corr
0.9	BERCX	Berwyn Nerstone	Pair Corr
1.0	HRCCX	Eagle Capital Apprec	Pair Corr
1.0	HRCIX	Eagle Capital Apprec	Pair Corr
0.97	HRAUX	Eagle Mid Cap	Pair Corr
1.0	HRCPX	Eagle Capital Apprec	Pair Corr
0.92	HRCVX	Eagle Growth Income	Pair Corr
0.95	HRSCX	Eagle Small Cap	Pair Corr
0.97	HAGIX	Eagle Mid Cap	Pair Corr
0.97	HAGAX	Eagle Mid Cap	Pair Corr
0.97	HAGCX	Eagle Mid Cap	Pair Corr
0.95	HSCCX	Eagle Small Cap	Pair Corr
0.95	HSIIX	Eagle Small Cap	Pair Corr

Moving against Eagle Mutual Fund

0.79	SCPEX	Carillon Reams Core	Pair Corr
0.77	SCPDX	Carillon Reams Core	Pair Corr
0.77	SCPWX	Carillon Reams Core	Pair Corr
0.77	SCPZX	Scout E Plus	Pair Corr
0.76	SCCIX	Scout E Bond	Pair Corr
0.62	SUBDX	Carillon Reams Uncon	Pair Corr
0.58	SUBFX	Scout Unconstrained Bond	Pair Corr
0.56	SUBTX	Carillon Reams Uncon	Pair Corr
0.78	CRCDX	Carillon Reams Core	Pair Corr
0.77	CRCBX	Carillon Reams Core	Pair Corr
0.76	CRCUX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	GABTX	PMUYX	PATFX	VSBSX	FHYVX	BSNSX	TIMTX	BBINX
GABTX		-0.31	0.03	-0.03	0.21	-0.03	-0.14	-0.19	GABTX
PMUYX	-0.31		0.91	0.76	0.76	0.94	0.95	0.97	PMUYX
PATFX	0.03	0.91		0.75	0.92	0.96	0.96	0.95	PATFX
VSBSX	-0.03	0.76	0.75		0.61	0.78	0.77	0.76	VSBSX
FHYVX	0.21	0.76	0.92	0.61		0.9	0.9	0.86	FHYVX
BSNSX	-0.03	0.94	0.96	0.78	0.9		0.97	0.95	BSNSX
TIMTX	-0.14	0.95	0.96	0.77	0.9	0.97		0.99	TIMTX
BBINX	-0.19	0.97	0.95	0.76	0.86	0.95	0.99		BBINX
	GABTX	PMUYX	PATFX	VSBSX	FHYVX	BSNSX	TIMTX	BBINX

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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

BBINX	+ 0.99	TIMTX
BBINX	+ 0.97	PMUYX
TIMTX	+ 0.97	BSNSX
BSNSX	+ 0.96	PATFX
TIMTX	+ 0.96	PATFX
TIMTX	+ 0.95	PMUYX

High negative correlations

PMUYX	- 0.31	GABTX
BBINX	- 0.19	GABTX
TIMTX	- 0.14	GABTX
BSNSX	- 0.03	GABTX
VSBSX	- 0.03	GABTX

Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Capital 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 Capital'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
GABTX	0.52	0.03	(0.06)	0.18	0.47	(0.59)	1.10	(1.00)	3.22
PMUYX	0.10	0.00	(0.42)	0.16	0.18	(0.15)	0.25	(0.24)	1.07
PATFX	0.15	0.01	(0.28)	0.02	0.23	(0.24)	0.44	(0.35)	1.69
VSBSX	0.07	0.00	(1.15)	0.22	0.06	(0.10)	0.15	(0.10)	0.62
FHYVX	0.16	0.02	(0.25)	(0.07)	0.22	(0.25)	0.34	(0.44)	1.88
BSNSX	0.08	0.00	(0.40)	0.05	0.10	(0.14)	0.19	(0.29)	0.88
TIMTX	0.14	0.01	(0.33)	0.01	0.21	(0.21)	0.37	(0.28)	1.40
BBINX	0.11	0.00	(0.44)	0.10	0.16	(0.18)	0.29	(0.29)	1.07

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