Eagle Small Correlations

HSIIX Fund

USD 32.04 0.59 1.88%

The current 90-days correlation between Eagle Small Cap and Vanguard Institutional Short Term is -0.12 (i.e., Good 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 0.89 (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

0.71	CWFIX	Chartwell Short Duration	Pair Corr
0.7	CWFRX	Carillon Chartwell Short	Pair Corr
0.83	HIGCX	Eagle Growth Income	Pair Corr
0.9	HIGJX	Eagle Growth Income	Pair Corr
0.9	HIGUX	Eagle Growth Income	Pair Corr
0.94	CWSIX	Chartwell Small Cap	Pair Corr
0.98	CWSGX	Chartwell Small Cap	Pair Corr
0.87	CWSHX	Carillon Chartwell Small	Pair Corr
0.87	CWSCX	Carillon Chartwell Small	Pair Corr
0.93	CWSAX	Carillon Chartwell Small	Pair Corr
0.93	CWSBX	Carillon Chartwell Small	Pair Corr
0.93	CWSRX	Columbia Large Cap	Pair Corr
0.95	UMBMX	Scout Mid Cap	Pair Corr
0.98	UMBHX	Scout Small Cap	Pair Corr
0.93	BERCX	Berwyn Nerstone	Pair Corr
0.95	HRCCX	Eagle Capital Apprec	Pair Corr
0.95	HRCIX	Eagle Capital Apprec	Pair Corr
0.96	HRAUX	Eagle Mid Cap	Pair Corr
0.95	HRCPX	Eagle Capital Apprec	Pair Corr
0.95	HRCUX	Eagle Capital Apprec	Pair Corr
0.83	HRCVX	Eagle Growth Income	Pair Corr
1.0	HRSCX	Eagle Small Cap	Pair Corr
0.91	HAGIX	Eagle Mid Cap	Pair Corr
0.91	HAGAX	Eagle Mid Cap	Pair Corr
0.91	HAGCX	Eagle Mid Cap	Pair Corr
1.0	HSCCX	Eagle Small Cap	Pair Corr
1.0	HSRUX	Eagle Small Cap	Pair Corr

Moving against Eagle Mutual Fund

0.65	SCPDX	Carillon Reams Core	Pair Corr
0.64	SCCIX	Scout E Bond	Pair Corr
0.63	SCPEX	Carillon Reams Core	Pair Corr
0.61	SCPZX	Scout E Plus	Pair Corr
0.45	SUBDX	Carillon Reams Uncon	Pair Corr
0.41	SUBFX	Scout Unconstrained Bond	Pair Corr
0.39	SUBTX	Carillon Reams Uncon	Pair Corr
0.66	CRCDX	Carillon Reams Core	Pair Corr
0.64	CRCUX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	VISTX	FALTX	RYAMX	LCSAX	CDICX	SUSAX	TSDCX	SWSFX
VISTX		0.5	0.0	0.15	0.93	0.39	0.32	0.37	VISTX
FALTX	0.5		0.0	0.86	0.69	-0.47	-0.55	-0.49	FALTX
RYAMX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RYAMX
LCSAX	0.15	0.86	0.0		0.35	-0.74	-0.79	-0.67	LCSAX
CDICX	0.93	0.69	0.0	0.35		0.22	0.13	0.16	CDICX
SUSAX	0.39	-0.47	0.0	-0.74	0.22		0.98	0.89	SUSAX
TSDCX	0.32	-0.55	0.0	-0.79	0.13	0.98		0.88	TSDCX
SWSFX	0.37	-0.49	0.0	-0.67	0.16	0.89	0.88		SWSFX
	VISTX	FALTX	RYAMX	LCSAX	CDICX	SUSAX	TSDCX	SWSFX

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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

TSDCX	+ 0.98	SUSAX
CDICX	+ 0.93	VISTX
SWSFX	+ 0.89	SUSAX
SWSFX	+ 0.88	TSDCX
LCSAX	+ 0.86	FALTX
CDICX	+ 0.69	FALTX

High negative correlations

TSDCX	- 0.79	LCSAX
SUSAX	- 0.74	LCSAX
SWSFX	- 0.67	LCSAX
TSDCX	- 0.55	FALTX
SWSFX	- 0.49	FALTX
SUSAX	- 0.47	FALTX

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
VISTX	0.08	0.00	(0.82)	0.21	0.04	(0.10)	0.15	(0.15)	0.61
FALTX	0.19	(0.04)	0.00	(1.41)	0.00	0.00	0.29	(0.57)	1.16
RYAMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LCSAX	0.26	(0.07)	0.00	(6.59)	0.00	0.00	0.42	(0.54)	1.79
CDICX	0.09	0.00	(0.81)	0.49	0.08	(0.12)	0.19	(0.13)	0.64
SUSAX	0.07	0.01	(0.87)	(0.69)	0.00	(0.15)	0.10	(0.10)	0.51
TSDCX	0.06	0.01	(0.78)	(0.63)	0.00	(0.16)	0.11	(0.11)	0.55
SWSFX	0.05	0.01	(0.86)	(1.66)	0.00	(0.22)	0.10	(0.10)	0.59

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