Eagle Mid Correlations

Mutual Funds . USA . 
Fund . Eagle Mid Cap
HAGCX Fund  USD 46.86  0.18  0.38%   
The current 90-days correlation between Eagle Mid Cap and Avantis Large Cap is 0.64 (i.e., Poor diversification). The correlation of Eagle Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Eagle Mid Cap and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mid 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 Mid 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 main economic indicators.

Moving together with Eagle Mutual Fund

  0.8HIGCX Eagle Growth IncomePairCorr
  0.67HIGJX Eagle Growth IncomePairCorr
  0.61HIGUX Eagle Growth IncomePairCorr
  0.72CWSHX Carillon Chartwell SmallPairCorr
  0.72CWSCX Carillon Chartwell SmallPairCorr
  0.91CWSAX Carillon Chartwell SmallPairCorr
  0.91CWSBX Carillon Chartwell SmallPairCorr
  0.72CWSWX Carillon Chartwell SmallPairCorr
  0.91CWSRX Columbia Large CapPairCorr
  0.75UMBMX Scout Mid CapPairCorr
  0.93UMBHX Scout Small CapPairCorr
  0.83BERDX Carillon Chartwell MidPairCorr
  0.83BERCX Berwyn CornerstonePairCorr
  0.8HRCCX Eagle Capital ApprecPairCorr
  0.95HRCIX Eagle Capital ApprecPairCorr
  1.0HRAUX Eagle Mid CapPairCorr
  0.95HRCPX Eagle Capital ApprecPairCorr
  0.95HRCUX Eagle Capital ApprecPairCorr
  0.79HRCVX Eagle Growth IncomePairCorr
  0.92HRSCX Eagle Small CapPairCorr

Moving against Eagle Mutual Fund

  0.67SCCIX Scout E BondPairCorr
  0.67SUBTX Carillon Reams UnconPairCorr
  0.67SUBFX Scout Unconstrained BondPairCorr
  0.66SUBEX Carillon Reams UnconPairCorr
  0.66SCPEX Carillon Reams CorePairCorr
  0.66SCPDX Carillon Reams CorePairCorr
  0.66SCPWX Carillon Reams CorePairCorr
  0.66SCPZX Scout E PlusPairCorr
  0.61SUBDX Carillon Reams UnconPairCorr
  0.53CWFAX Chartwell Short DurationPairCorr
  0.52CWFRX Carillon Chartwell ShortPairCorr
  0.47CWFCX Carillon Chartwell ShortPairCorr
  0.45BERSX Carillon Chartwell RealPairCorr
  0.44BERIX Berwyn IncomePairCorr
  0.44BERGX Carillon Chartwell RealPairCorr
  0.65CRCBX Carillon Reams CorePairCorr
  0.61CRCUX Carillon Reams CorePairCorr
  0.59CRCDX Carillon Reams CorePairCorr
  0.44EISVX Eagle International StockPairCorr
  0.44EISIX Eagle International StockPairCorr
  0.43EISDX Eagle International StockPairCorr
  0.43EISAX Eagle International StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Mid 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 Mid'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.

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