Eagle Mlp Correlations

EGLAX Fund

USD 11.06 0.13 1.16%

The current 90-days correlation between Eagle Mlp Strategy and Ab High Income is -0.01 (i.e., Good diversification). The correlation of Eagle Mlp 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 Mlp Correlation With Market

Good diversification

The correlation between Eagle Mlp Strategy and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mlp Strategy 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 Eagle Mlp Strategy. 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 nation.

Moving together with Eagle Mutual Fund

0.65	EGLNX	Eagle Mlp Strategy	Pair Corr
1.0	EGLIX	Eagle Mlp Strategy	Pair Corr
1.0	EGLCX	Eagle Mlp Strategy	Pair Corr
0.98	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.93	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	GMLPX	Goldman Sachs Mlp	Pair Corr
0.91	GLPIX	Goldman Sachs Mlp	Pair Corr
0.91	GLPRX	Goldman Sachs Mlp	Pair Corr
0.95	EMO	Clearbridge Energy Mlp	Pair Corr
0.63	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.97	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.63	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.77	LSHEX	Kinetics Spin Off	Pair Corr
0.61	GRHAX	Goehring Rozencwajg	Pair Corr
0.73	ENPSX	Oil Gas Ultrasector	Pair Corr
0.63	NML	Neuberger Berman Mlp	Pair Corr

Moving against Eagle Mutual Fund

0.51	SDFCX	Swan Defined Risk	Pair Corr
0.31	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	AGDZX	ABTYX	FYAIX	AGDAX	MWHIX
AGDZX		0.86	0.92	0.99	0.97	AGDZX
ABTYX	0.86		0.73	0.88	0.91	ABTYX
FYAIX	0.92	0.73		0.92	0.87	FYAIX
AGDAX	0.99	0.88	0.92		0.97	AGDAX
MWHIX	0.97	0.91	0.87	0.97		MWHIX
	AGDZX	ABTYX	FYAIX	AGDAX	MWHIX

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Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Mlp 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 Mlp'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
AGDZX	0.14	0.01	0.31	0.04	0.09	(0.24)	0.43	(0.28)	1.01
ABTYX	0.24	(0.01)	0.13	(0.20)	0.34	(0.28)	0.50	(0.59)	1.55
FYAIX	0.23	0.01	0.21	0.00	0.30	(0.23)	0.43	(0.40)	1.44
AGDAX	0.13	0.00	0.31	(0.01)	0.10	(0.24)	0.44	(0.29)	1.01
MWHIX	0.12	0.01	0.36	0.02	0.06	(0.21)	0.54	(0.22)	0.87

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