Eagle Small Correlations

HSIIX Fund

USD 26.61 0.65 2.38%

The current 90-days correlation between Eagle Small Cap and Carillon Chartwell Small is 0.17 (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

Very poor diversification

The correlation between Eagle Small Cap and DJI is 0.8 (i.e., Very poor 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 gross domestic product.

Moving together with Eagle Mutual Fund

0.82	CWFIX	Chartwell Short Duration	Pair Corr
0.85	CWFCX	Carillon Chartwell Short	Pair Corr
0.85	CWFAX	Chartwell Short Duration	Pair Corr
0.85	CWFRX	Carillon Chartwell Short	Pair Corr
0.78	HIGCX	Eagle Growth Income	Pair Corr
0.8	HIGJX	Eagle Growth Income	Pair Corr
0.8	HIGUX	Eagle Growth Income	Pair Corr
0.84	CWSIX	Chartwell Small Cap	Pair Corr
0.85	CWSGX	Chartwell Small Cap	Pair Corr
0.85	CWSHX	Carillon Chartwell Small	Pair Corr
0.84	CWSCX	Carillon Chartwell Small	Pair Corr
0.92	CWSAX	Carillon Chartwell Small	Pair Corr
0.92	CWSBX	Carillon Chartwell Small	Pair Corr
0.78	SUBTX	Carillon Reams Uncon	Pair Corr
0.78	SUBDX	Carillon Reams Uncon	Pair Corr
0.77	SUBEX	Carillon Reams Uncon	Pair Corr
0.91	UMBMX	Scout Mid Cap	Pair Corr
0.84	UMBHX	Scout Small Cap	Pair Corr
0.86	BERSX	Carillon Chartwell Real	Pair Corr
0.86	BERIX	Berwyn Income	Pair Corr
0.87	BERGX	Carillon Chartwell Real	Pair Corr
0.87	BERHX	Carillon Chartwell Real	Pair Corr
0.86	BERDX	Carillon Chartwell Mid	Pair Corr
0.86	BERBX	Carillon Chartwell Mid	Pair Corr
0.86	BERCX	Berwyn Cornerstone	Pair Corr
0.86	BERAX	Carillon Chartwell Mid	Pair Corr
0.74	HRCVX	Eagle Growth Income	Pair Corr
0.9	HRSCX	Eagle Small Cap	Pair Corr
0.79	HAGIX	Eagle Mid Cap	Pair Corr

Moving against Eagle Mutual Fund

0.67	CSSVX	Carillon Scout Small	Pair Corr
0.67	CSSJX	Carillon Scout Small	Pair Corr
0.67	CSSAX	Carillon Scout Small	Pair Corr
0.46	HRCCX	Eagle Capital Apprec	Pair Corr
0.44	HRCIX	Eagle Capital Apprec	Pair Corr
0.44	HRCUX	Eagle Capital Apprec	Pair Corr
0.33	HRCPX	Eagle Capital Apprec	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSHX
CWFIX		0.97	0.98	0.97	0.85	0.91	0.91	0.94	0.94	CWFIX
CWFCX	0.97		0.99	0.99	0.85	0.92	0.92	0.95	0.95	CWFCX
CWFAX	0.98	0.99		0.99	0.87	0.92	0.92	0.95	0.95	CWFAX
CWFRX	0.97	0.99	0.99		0.87	0.92	0.92	0.95	0.95	CWFRX
HIGCX	0.85	0.85	0.87	0.87		0.77	0.77	0.83	0.83	HIGCX
HIGJX	0.91	0.92	0.92	0.92	0.77		1.0	0.99	0.97	HIGJX
HIGUX	0.91	0.92	0.92	0.92	0.77	1.0		0.99	0.97	HIGUX
CWSIX	0.94	0.95	0.95	0.95	0.83	0.99	0.99		0.98	CWSIX
CWSHX	0.94	0.95	0.95	0.95	0.83	0.97	0.97	0.98		CWSHX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSHX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFIX	0.06	0.00	(0.12)	0.18	0.00	(0.12)	0.10	(0.10)	0.94
CWFCX	0.05	0.00	(0.22)	0.23	0.00	(0.10)	0.10	(0.10)	0.21
CWFAX	0.05	0.00	(0.14)	0.97	0.00	(0.10)	0.10	(0.10)	0.21
CWFRX	0.05	0.01	(0.12)	0.31	0.00	(0.10)	0.10	(0.10)	0.21
HIGCX	0.45	0.06	0.06	0.12	0.51	(0.47)	0.99	(1.03)	2.76
HIGJX	0.84	0.40	0.55	0.67	0.00	(1.02)	1.03	(1.03)	23.59
HIGUX	0.84	0.40	0.55	0.68	0.00	(1.04)	0.97	(1.03)	23.71
CWSIX	1.29	0.58	0.64	0.63	0.00	(1.69)	2.02	(1.53)	28.32
CWSHX	1.30	0.68	0.74	(1.57)	0.00	(1.96)	2.55	(1.27)	27.83

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