Eagle Mlp Correlations
| EGLCX Fund | USD 10.71 0.11 1.02% |
The current 90-days correlation between Eagle Mlp Strategy and Vanguard Growth Index is 0.39 (i.e., Weak 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 -0.01 (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.
Eagle |
Moving together with Eagle Mutual Fund
| 1.0 | EGLNX | Eagle Mlp Strategy | PairCorr |
| 1.0 | EGLIX | Eagle Mlp Strategy | PairCorr |
| 0.91 | EGLAX | Eagle Mlp Strategy | PairCorr |
| 0.97 | TORCX | Tortoise Mlp Pipeline | PairCorr |
| 0.96 | MLPTX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.96 | OSPSX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.9 | MLPZX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.82 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.86 | MLPDX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.91 | MLPRX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.88 | GMLPX | Goldman Sachs Mlp | PairCorr |
| 0.89 | GLPIX | Goldman Sachs Mlp | PairCorr |
| 0.88 | GLPRX | Goldman Sachs Mlp | PairCorr |
| 0.69 | FHBRX | Federated High Income | PairCorr |
| 0.71 | ASHIX | Allianzgi Short Duration | PairCorr |
| 0.69 | SRYRX | Simt Real Return | PairCorr |
Related Correlations Analysis
| 0.4 | 0.47 | 0.64 | 0.88 | VIGRX | ||
| 0.4 | 0.83 | 0.27 | 0.72 | TRSAX | ||
| 0.47 | 0.83 | 0.2 | 0.77 | TEGRX | ||
| 0.64 | 0.27 | 0.2 | 0.64 | HGOIX | ||
| 0.88 | 0.72 | 0.77 | 0.64 | OLGCX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIGRX | 0.89 | 0.03 | 0.02 | (0.07) | 1.15 | 1.69 | 5.11 | |||
| TRSAX | 0.99 | (0.09) | 0.00 | 0.37 | 0.00 | 1.79 | 8.30 | |||
| TEGRX | 0.56 | (0.04) | 0.00 | 1.07 | 0.00 | 0.94 | 3.24 | |||
| HGOIX | 1.02 | 0.02 | 0.01 | 0.04 | 1.40 | 1.91 | 6.39 | |||
| OLGCX | 0.89 | (0.01) | 0.00 | 0.05 | 0.00 | 1.66 | 5.32 |