Eagle Capital Correlations

HRCPX Fund

USD 50.99 1.12 2.15%

The current 90-days correlation between Eagle Capital Apprec and Carillon Chartwell Short is 0.37 (i.e., Weak 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

Very weak diversification

The correlation between Eagle Capital Appreciation and DJI is 0.52 (i.e., Very weak 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 american community survey.

Moving together with Eagle Mutual Fund

0.74	HIGJX	Eagle Growth Income	Pair Corr
0.85	HIGUX	Eagle Growth Income	Pair Corr
0.89	CWSGX	Chartwell Small Cap	Pair Corr
0.82	CWSHX	Carillon Chartwell Small	Pair Corr
0.81	CWSCX	Carillon Chartwell Small	Pair Corr
0.89	CWSAX	Carillon Chartwell Small	Pair Corr
0.75	CWSBX	Carillon Chartwell Small	Pair Corr
0.81	CWSWX	Carillon Chartwell Small	Pair Corr
0.89	CWSRX	Columbia Large Cap	Pair Corr
0.95	UMBMX	Scout Mid Cap	Pair Corr
0.88	BERCX	Berwyn Cornerstone	Pair Corr
0.73	HRCCX	Eagle Capital Apprec	Pair Corr
1.0	HRCUX	Eagle Capital Apprec	Pair Corr
0.96	HAGIX	Eagle Mid Cap	Pair Corr
0.96	HAGAX	Eagle Mid Cap	Pair Corr
0.96	HAGCX	Eagle Mid Cap	Pair Corr

Moving against Eagle Mutual Fund

0.66	SCPZX	Scout E Plus	Pair Corr
0.62	SUBEX	Carillon Reams Uncon	Pair Corr
0.59	SUBTX	Carillon Reams Uncon	Pair Corr
0.59	SUBDX	Carillon Reams Uncon	Pair Corr
0.59	SUBFX	Scout Unconstrained Bond	Pair Corr
0.58	SCPWX	Carillon Reams Core	Pair Corr
0.57	SCPDX	Carillon Reams Core	Pair Corr
0.52	CWFAX	Chartwell Short Duration	Pair Corr
0.52	SCCIX	Scout E Bond	Pair Corr
0.51	CWFRX	Carillon Chartwell Short	Pair Corr
0.49	SCPEX	Carillon Reams Core	Pair Corr
0.45	CWFCX	Carillon Chartwell Short	Pair Corr
0.43	BERSX	Carillon Chartwell Real	Pair Corr
0.58	CRCUX	Carillon Reams Core	Pair Corr
0.56	CRCBX	Carillon Reams Core	Pair Corr
0.52	CRCDX	Carillon Reams Core	Pair Corr
0.48	EISVX	Eagle International Stock	Pair Corr
0.48	EISIX	Eagle International Stock	Pair Corr
0.48	EISDX	Eagle International Stock	Pair Corr
0.48	EISAX	Eagle International Stock	Pair Corr

Related Correlations Analysis

	CWFCX	CWFAX	CWFRX	HIGJX	HRCCX	HRCIX	HIGUX	HRAUX	HRCPX
CWFCX		0.99	0.99	0.12	-0.33	-0.04	-0.08	-0.11	-0.45	CWFCX
CWFAX	0.99		1.0	0.04	-0.39	-0.1	-0.15	-0.17	-0.52	CWFAX
CWFRX	0.99	1.0		0.05	-0.37	-0.06	-0.14	-0.14	-0.51	CWFRX
HIGJX	0.12	0.04	0.05		0.62	0.29	0.75	0.46	0.74	HIGJX
HRCCX	-0.33	-0.39	-0.37	0.62		0.48	0.51	0.62	0.73	HRCCX
HRCIX	-0.04	-0.1	-0.06	0.29	0.48		0.4	0.96	0.43	HRCIX
HIGUX	-0.08	-0.15	-0.14	0.75	0.51	0.4		0.49	0.85	HIGUX
HRAUX	-0.11	-0.17	-0.14	0.46	0.62	0.96	0.49		0.57	HRAUX
HRCPX	-0.45	-0.52	-0.51	0.74	0.73	0.43	0.85	0.57		HRCPX
	CWFCX	CWFAX	CWFRX	HIGJX	HRCCX	HRCIX	HIGUX	HRAUX	HRCPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CWFRX	+ 1.0	CWFAX
CWFAX	+ 0.99	CWFCX
CWFRX	+ 0.99	CWFCX
HRAUX	+ 0.96	HRCIX
HRCPX	+ 0.85	HIGUX
HIGUX	+ 0.75	HIGJX

High negative correlations

HRCPX	- 0.52	CWFAX
HRCPX	- 0.51	CWFRX
HRCPX	- 0.45	CWFCX
HRCCX	- 0.39	CWFAX
HRCCX	- 0.37	CWFRX
HRCCX	- 0.33	CWFCX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFCX	0.08	0.01	0.12	0.23	(0.12)	0.11	(0.11)	0.53
CWFAX	0.07	0.02	0.16	0.31	(0.12)	0.11	(0.11)	0.53
CWFRX	0.08	0.02	0.18	0.31	(0.12)	0.11	(0.11)	0.53
HIGJX	0.66	(0.05)	0.00	(0.06)	0.00	1.19	(1.39)	3.11
HRCCX	1.33	(0.33)	0.00	10.75	0.00	2.33	(2.97)	12.21
HRCIX	1.31	(0.27)	0.00	(0.19)	0.00	2.34	(2.96)	13.45
HIGUX	0.89	(0.26)	0.00	(0.25)	0.00	1.19	(1.55)	14.27
HRAUX	1.43	(0.26)	0.00	(0.17)	0.00	1.98	(3.46)	13.62
HRCPX	1.35	(0.33)	0.00	(0.25)	0.00	2.34	(2.96)	12.18

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