Eagle Capital Correlations

HRCIX Fund

USD 55.85 1.22 2.14%

The current 90-days correlation between Eagle Capital Apprec and Short Term Government Fund is -0.08 (i.e., Good diversification). The correlation of Eagle Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Eagle Capital Appreciation and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Capital Appreciation 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 Capital Appreciation. 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 gross domestic product.

Moving together with Eagle Mutual Fund

0.92	HIGCX	Eagle Growth Income	Pair Corr
0.9	UMBHX	Scout Small Cap	Pair Corr
0.96	HRAUX	Eagle Mid Cap	Pair Corr

Moving against Eagle Mutual Fund

0.67	CWFIX	Chartwell Short Duration	Pair Corr
0.63	SCCIX	Scout E Bond	Pair Corr
0.32	SUBTX	Carillon Reams Uncon	Pair Corr
0.64	SCPEX	Carillon Reams Core	Pair Corr
0.64	BERIX	Berwyn Income	Pair Corr
0.34	SCPDX	Carillon Reams Core	Pair Corr
0.34	SCPWX	Carillon Reams Core	Pair Corr
0.32	SUBDX	Carillon Reams Uncon	Pair Corr
0.32	SUBEX	Carillon Reams Uncon	Pair Corr
0.31	SUBFX	Scout Unconstrained Bond	Pair Corr
0.34	CRCUX	Carillon Reams Core	Pair Corr
0.34	CRCBX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	TWAVX	USGDX	SPAXX	CGTAX	USGFX	RGVBX	BIGLX
TWAVX		0.94	0.81	0.96	0.96	0.96	0.96	TWAVX
USGDX	0.94		0.8	0.96	0.96	0.96	0.99	USGDX
SPAXX	0.81	0.8		0.79	0.8	0.79	0.82	SPAXX
CGTAX	0.96	0.96	0.79		1.0	1.0	0.96	CGTAX
USGFX	0.96	0.96	0.8	1.0		1.0	0.96	USGFX
RGVBX	0.96	0.96	0.79	1.0	1.0		0.96	RGVBX
BIGLX	0.96	0.99	0.82	0.96	0.96	0.96		BIGLX
	TWAVX	USGDX	SPAXX	CGTAX	USGFX	RGVBX	BIGLX

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 Capital 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 Capital'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
TWAVX	0.07	0.01	0.09	0.77	0.00	(0.17)	0.22	(0.11)	0.55
USGDX	0.66	0.05	0.06	3.53	0.70	(0.78)	1.45	(1.37)	3.93
SPAXX	0.03	0.01	0.00	(0.32)	0.00	0.00	0.00	0.00	1.01
CGTAX	0.26	0.02	0.06	(0.23)	0.25	(0.31)	0.60	(0.58)	1.55
USGFX	0.26	0.02	0.07	(0.27)	0.24	(0.31)	0.51	(0.58)	1.55
RGVBX	0.25	0.02	0.06	(0.25)	0.24	(0.29)	0.52	(0.51)	1.46
BIGLX	0.25	0.03	0.08	0.68	0.21	(0.32)	0.56	(0.54)	1.58

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC