Eagle Small Correlations

HSRUX Fund

USD 24.07 0.08 0.33%

The current 90-days correlation between Eagle Small Cap and Summit Global Investments is 0.11 (i.e., Average diversification). The correlation of Eagle Small 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 Small Correlation With Market

Very weak diversification

The correlation between Eagle Small Cap 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 Small 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 Small 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 employment.

Moving together with Eagle Mutual Fund

0.96	HIGCX	Eagle Growth Income	Pair Corr
0.96	HIGUX	Eagle Growth Income	Pair Corr
0.82	CWSGX	Chartwell Small Cap	Pair Corr
0.92	UMBHX	Scout Small Cap	Pair Corr
0.97	HRCCX	Eagle Capital Apprec	Pair Corr
0.97	HRCIX	Eagle Capital Apprec	Pair Corr
0.97	HRCPX	Eagle Capital Apprec	Pair Corr
0.96	HRSCX	Eagle Small Cap	Pair Corr
1.0	HSCCX	Eagle Small Cap	Pair Corr
0.98	CSMFX	Carillon Scout Mid	Pair Corr
0.64	VSGAX	Vanguard Small Cap	Pair Corr
0.64	VSGIX	Vanguard Small Cap	Pair Corr
0.64	VISGX	Vanguard Small Cap	Pair Corr
0.89	VEXPX	Vanguard Explorer	Pair Corr
0.89	VEXRX	Vanguard Explorer	Pair Corr
0.61	JGMRX	Janus Triton	Pair Corr
0.61	JGMCX	Janus Triton	Pair Corr

Moving against Eagle Mutual Fund

0.66	CWFIX	Chartwell Short Duration	Pair Corr
0.49	SCPZX	Scout E Plus	Pair Corr
0.48	SCCIX	Scout E Bond	Pair Corr
0.46	SCPEX	Carillon Reams Core	Pair Corr
0.44	EISVX	Eagle International Stock	Pair Corr
0.44	EISIX	Eagle International Stock	Pair Corr
0.43	EISAX	Eagle International Stock	Pair Corr
0.42	EISDX	Eagle International Stock	Pair Corr
0.8	CCLFX	Cliffwater Corporate	Pair Corr
0.64	RYUHX	Inverse Sp 500	Pair Corr
0.57	NHILX	Neuberger Berman High	Pair Corr
0.56	VTMGX	Vanguard Developed	Pair Corr
0.54	DURIX	Deutsche European Equity	Pair Corr
0.37	LSHEX	Kinetics Spin Off Downward Rally	Pair Corr
0.36	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.36	LSHAX	Horizon Spin Off Downward Rally	Pair Corr
0.33	LSHCX	Horizon Spin Off Downward Rally	Pair Corr
0.33	BRKRX	Mfs Blended Research	Pair Corr
0.32	KNPYX	Kinetics Paradigm Downward Rally	Pair Corr
0.32	WWNPX	Kinetics Paradigm Downward Rally	Pair Corr
0.31	KNPAX	Kinetics Paradigm Downward Rally	Pair Corr
0.31	RIRFX	Capital Income Builder	Pair Corr

Related Correlations Analysis

	SGLIX	PIEQX	HRSTX	FGFAX	SHDAX	REMVX	CENTX	MWUIX
SGLIX		0.07	0.32	0.11	-0.02	0.25	0.11	-0.08	SGLIX
PIEQX	0.07		0.83	0.99	0.91	0.91	0.99	0.9	PIEQX
HRSTX	0.32	0.83		0.85	0.8	0.8	0.85	0.79	HRSTX
FGFAX	0.11	0.99	0.85		0.9	0.92	0.99	0.91	FGFAX
SHDAX	-0.02	0.91	0.8	0.9		0.76	0.9	0.96	SHDAX
REMVX	0.25	0.91	0.8	0.92	0.76		0.92	0.77	REMVX
CENTX	0.11	0.99	0.85	0.99	0.9	0.92		0.9	CENTX
MWUIX	-0.08	0.9	0.79	0.91	0.96	0.77	0.9		MWUIX
	SGLIX	PIEQX	HRSTX	FGFAX	SHDAX	REMVX	CENTX	MWUIX

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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

FGFAX	+ 0.99	PIEQX
CENTX	+ 0.99	PIEQX
CENTX	+ 0.99	FGFAX
MWUIX	+ 0.96	SHDAX
REMVX	+ 0.92	FGFAX
CENTX	+ 0.92	REMVX

High negative correlations

MWUIX	- 0.08	SGLIX
SHDAX	- 0.02	SGLIX

Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Small 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 Small'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
SGLIX	0.81	(0.26)	0.00	(4.87)	0.00	0.00	0.97	(0.97)	18.08
PIEQX	0.66	0.09	0.19	(0.57)	0.80	(0.74)	1.55	(1.17)	4.73
HRSTX	0.06	(0.01)	0.20	1.19	0.12	(0.10)	0.12	(0.12)	0.71
FGFAX	0.79	0.11	0.18	(1.06)	0.96	(0.86)	1.79	(1.64)	5.93
SHDAX	0.06	0.00	0.33	(0.13)	0.00	(0.20)	0.20	(0.20)	0.40
REMVX	0.79	0.06	0.14	(2.35)	0.92	(0.87)	1.67	(1.56)	5.76
CENTX	0.48	0.07	0.22	(1.29)	0.49	(0.54)	1.09	(0.87)	3.07
MWUIX	0.08	0.01	0.32	9.32	0.00	(0.29)	0.24	(0.24)	0.73

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