Eagle Growth Correlations

Mutual Funds . USA . 
Fund . Eagle Growth Income
HIGCX Fund  USD 18.82  0.06  0.32%   
The current 90-days correlation between Eagle Growth Income and Jhancock Disciplined Value is 0.24 (i.e., Modest diversification). The correlation of Eagle Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Eagle Growth Income and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Growth Income 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 Growth Income. 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

  1.0HIGUX Eagle Growth IncomePairCorr
  0.96CWSIX Chartwell Small CapPairCorr
  0.66CWSGX Chartwell Small CapPairCorr
  0.96CWSHX Carillon Chartwell SmallPairCorr
  0.96CWSCX Carillon Chartwell SmallPairCorr
  0.66CWSAX Carillon Chartwell SmallPairCorr
  0.66CWSBX Carillon Chartwell SmallPairCorr
  0.96CWSWX Carillon Chartwell SmallPairCorr
  0.66CWSRX Columbia Large CapPairCorr
  0.98UMBMX Scout Mid CapPairCorr
  0.83UMBHX Scout Small CapPairCorr
  0.99BERDX Carillon Chartwell MidPairCorr
  0.99BERBX Carillon Chartwell MidPairCorr
  0.99BERCX Berwyn CornerstonePairCorr
  0.99BERAX Carillon Chartwell MidPairCorr
  0.93HRCCX Eagle Capital ApprecPairCorr
  0.93HRCIX Eagle Capital ApprecPairCorr
  0.85HRAUX Eagle Mid CapPairCorr
  0.93HRCPX Eagle Capital ApprecPairCorr
  0.93HRCUX Eagle Capital ApprecPairCorr
  1.0HRCVX Eagle Growth IncomePairCorr

Moving against Eagle Mutual Fund

  0.55CWFRX Carillon Chartwell ShortPairCorr
  0.53CWFAX Chartwell Short DurationPairCorr
  0.51CWFIX Chartwell Short DurationPairCorr
  0.5BERIX Berwyn IncomePairCorr
  0.49BERSX Carillon Chartwell RealPairCorr
  0.49BERGX Carillon Chartwell RealPairCorr
  0.48CWFCX Carillon Chartwell ShortPairCorr
  0.47BERHX Carillon Chartwell RealPairCorr
  0.38SUBTX Carillon Reams UnconPairCorr
  0.38SUBFX Scout Unconstrained BondPairCorr
  0.36SUBDX Carillon Reams UnconPairCorr
  0.35SUBEX Carillon Reams UnconPairCorr
  0.31SCPWX Carillon Reams CorePairCorr
  0.31SCPZX Scout E PlusPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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