Eagle Small Correlations

Mutual Funds . USA . 
Fund . Eagle Small Cap
HRSCX Fund  USD 21.33  0.11  0.52%   
The current 90-days correlation between Eagle Small Cap and Kinetics Global Fund is 0.19 (i.e., Average diversification). The correlation of Eagle Small 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 Small Correlation With Market

Weak diversification

The correlation between Eagle Small Cap and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Small Cap 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 Small Cap. 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 main economic indicators.

Moving together with Eagle Mutual Fund

  0.99HIGCX Eagle Growth IncomePairCorr
  0.61HIGJX Eagle Growth IncomePairCorr
  0.79HIGUX Eagle Growth IncomePairCorr
  0.89CWSIX Chartwell Small CapPairCorr
  0.73CWSGX Chartwell Small CapPairCorr
  0.81CWSHX Carillon Chartwell SmallPairCorr
  0.85CWSCX Carillon Chartwell SmallPairCorr
  0.73CWSAX Carillon Chartwell SmallPairCorr
  0.73CWSBX Carillon Chartwell SmallPairCorr
  0.85CWSWX Carillon Chartwell SmallPairCorr
  0.73CWSRX Columbia Large CapPairCorr
  0.71SCCIX Scout E BondPairCorr
  0.9UMBMX Scout Mid CapPairCorr
  0.93UMBHX Scout Small CapPairCorr
  0.87BERBX Carillon Chartwell MidPairCorr
  0.89BERCX Berwyn CornerstonePairCorr
  0.85HRCCX Eagle Capital ApprecPairCorr
  0.84HRCIX Eagle Capital ApprecPairCorr
  0.89HRAUX Eagle Mid CapPairCorr
  0.84HRCPX Eagle Capital ApprecPairCorr
  0.84HRCUX Eagle Capital ApprecPairCorr
  0.83HRCVX Eagle Growth IncomePairCorr
  0.84HAGIX Eagle Mid CapPairCorr
  0.89HAGAX Eagle Mid CapPairCorr
  0.89HAGCX Eagle Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Small 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 Small'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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