Eagle Mlp Correlations

EGLNX Fund

USD 11.21 0.12 1.06%

The current 90-days correlation between Eagle Mlp Strategy and Rbc Emerging Markets is 0.36 (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

Very weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.43 (i.e., Very weak 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 board of governors.

Moving together with Eagle Mutual Fund

0.65	EGLIX	Eagle Mlp Strategy	Pair Corr
0.65	EGLCX	Eagle Mlp Strategy	Pair Corr
1.0	EGLAX	Eagle Mlp Strategy	Pair Corr
0.61	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.65	GMLPX	Goldman Sachs Mlp	Pair Corr
0.65	GLPIX	Goldman Sachs Mlp	Pair Corr
0.66	GLPRX	Goldman Sachs Mlp	Pair Corr
0.96	EMO	Clearbridge Energy Mlp	Pair Corr
0.98	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.98	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.67	LSHEX	Kinetics Spin Off	Pair Corr
0.64	BULIX	Utilities Fund Investor	Pair Corr
0.69	GRHAX	Goehring Rozencwajg	Pair Corr
0.92	ENPSX	Oil Gas Ultrasector	Pair Corr
0.95	NML	Neuberger Berman Mlp	Pair Corr

Moving against Eagle Mutual Fund

0.56

SDFCX

Swan Defined Risk

Pair Corr

Related Correlations Analysis

	EGLNX	REMVX	BELSX	DBELX	SEDIX	APDOX	VIESX
EGLNX		0.22	0.52	0.23	0.44	0.55	0.1	EGLNX
REMVX	0.22		0.84	0.96	0.86	0.75	0.94	REMVX
BELSX	0.52	0.84		0.88	0.91	0.87	0.74	BELSX
DBELX	0.23	0.96	0.88		0.91	0.8	0.88	DBELX
SEDIX	0.44	0.86	0.91	0.91		0.92	0.77	SEDIX
APDOX	0.55	0.75	0.87	0.8	0.92		0.67	APDOX
VIESX	0.1	0.94	0.74	0.88	0.77	0.67		VIESX
	EGLNX	REMVX	BELSX	DBELX	SEDIX	APDOX	VIESX

Click cells to compare fundamentals

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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
EGLNX	1.07	0.13	0.10	0.13	1.36	(1.08)	1.97	(2.00)	6.25
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
BELSX	0.43	0.05	0.20	1.63	0.44	(0.49)	0.92	(0.81)	2.59
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
SEDIX	0.09	0.01	0.39	0.15	0.00	(0.16)	0.21	(0.21)	0.53
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07
VIESX	0.54	0.02	0.08	0.00	0.71	(0.61)	1.31	(1.56)	3.67

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