Eagle Small Correlations

HRSCX Fund  USD 26.62  0.49  1.88%   
The current 90-days correlation between Eagle Small Cap and Teton Vertible Securities is 0.87 (i.e., Very poor 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

Good diversification

The correlation between Eagle Small Cap and DJI is -0.01 (i.e., Good 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

  0.98VSGAX Vanguard Small CapPairCorr
  0.98VSGIX Vanguard Small CapPairCorr
  0.98VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.98JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.62PFN Pimco Income StrategyPairCorr
  0.78XPPRX Voya Prime RatePairCorr
  0.76PCF Putnam High IncomePairCorr
  0.74AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.78INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.72DIS Walt Disney Aggressive PushPairCorr
  0.74CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.76JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.76AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.68BAC Bank of America Aggressive PushPairCorr
  0.81HPQ HP IncPairCorr
  0.75CSCO Cisco SystemsPairCorr

Moving against Eagle Mutual Fund

  0.62XNXJX Nuveen New JerseyPairCorr
  0.59XNBHX Neuberger Berman IntPairCorr
  0.38NXJ Nuveen New JerseyPairCorr
  0.35XDSMX Dreyfus StrategicPairCorr
  0.57PG Procter GamblePairCorr
  0.55PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.48BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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   
COCRXPRCCX
HICSXWEICX
CNSDXHICSX
PRCCXCNSDX
COCRXCNSDX
CNSDXWEICX
  
High negative correlations   
GCVCCD
GCVMCSVX
GCVPRCCX
COCRXGCV
GCVCNSDX
GCVWEICX

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.