Monteagle Enhanced Correlations

EEIFX Fund

10.27 0.03 0.29%

The current 90-days correlation between Monteagle Enhanced Equity and Invesco Global Health is 0.32 (i.e., Weak diversification). The correlation of Monteagle Enhanced 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.

Monteagle Enhanced Correlation With Market

Weak diversification

The correlation between Monteagle Enhanced Equity and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monteagle Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Monteagle Enhanced Equity. 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 census.

Moving together with Monteagle Mutual Fund

0.67	JHBCX	Jhancock Blue Chip	Pair Corr
0.72	CAT	Caterpillar Sell-off Trend	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.75	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.79	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Monteagle Mutual Fund

0.74

Boeing Earnings Call This Week

Pair Corr

Related Correlations Analysis

	GTHCX	PJHRX	LYFAX	XHQHX	RYHCX	SCHLX
GTHCX		0.89	0.91	0.77	0.89	0.93	GTHCX
PJHRX	0.89		0.82	0.71	0.75	0.81	PJHRX
LYFAX	0.91	0.82		0.89	0.95	0.96	LYFAX
XHQHX	0.77	0.71	0.89		0.82	0.87	XHQHX
RYHCX	0.89	0.75	0.95	0.82		0.97	RYHCX
SCHLX	0.93	0.81	0.96	0.87	0.97		SCHLX
	GTHCX	PJHRX	LYFAX	XHQHX	RYHCX	SCHLX

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Risk-Adjusted Indicators

There is a big difference between Monteagle Mutual Fund performing well and Monteagle Enhanced 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 Monteagle Enhanced'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GTHCX	0.83	(0.21)	(0.44)	1.03	(1.72)	10.87
PJHRX	1.10	(0.30)	(0.91)	1.12	(2.06)	14.53
LYFAX	0.62	(0.07)	(0.29)	0.96	(1.57)	3.57
XHQHX	0.82	(0.11)	(0.74)	1.00	(2.29)	4.60
RYHCX	0.63	(0.04)	(0.17)	1.10	(1.31)	3.51
SCHLX	0.61	(0.08)	(0.48)	0.98	(1.60)	3.10

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