Eagle Mid Correlations

Mutual Funds USA . 
Fund . Eagle Mid Cap
HAGIX Fund  USD 83.03  0.61  0.74%   
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 poor diversification

The correlation between Eagle Mid Cap and DJI is 0.85 (i.e., Very poor 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 gross domestic product.

Moving together with Eagle Mutual Fund

  0.95CWFCX Carillon Chartwell ShortPairCorr
  0.95CWFAX Chartwell Short DurationPairCorr
  0.95CWFRX Carillon Chartwell ShortPairCorr
  0.95HIGCX Eagle Growth IncomePairCorr
  0.96HIGUX Eagle Growth IncomePairCorr
  0.94CWSIX Chartwell Small CapPairCorr
  0.95CWSGX Chartwell Small CapPairCorr
  0.94CWSAX Carillon Chartwell SmallPairCorr
  0.93CWSWX Carillon Chartwell SmallPairCorr
  0.94CWSRX Columbia Large CapPairCorr
  0.69SUBDX Carillon Reams UnconPairCorr
  0.7SUBFX Scout Unconstrained BondPairCorr
  0.65SCPDX Carillon Reams CorePairCorr
  0.66SCPZX Scout E PlusPairCorr
  0.99UMBMX Scout Mid CapPairCorr
  0.93UMBHX Scout Small CapPairCorr
  0.9BERSX Carillon Chartwell RealPairCorr
  0.9BERIX Berwyn IncomePairCorr
  0.9BERGX Carillon Chartwell RealPairCorr
  0.99HRCIX Eagle Capital ApprecPairCorr
  0.98HRCPX Eagle Capital ApprecPairCorr
  0.95HRCVX Eagle Growth IncomePairCorr
  0.97HRSCX Eagle Small CapPairCorr
  0.98HAGAX Eagle Mid CapPairCorr
  0.98HAGCX Eagle Mid CapPairCorr
  0.95HSCCX Eagle Small CapPairCorr
  0.99HSIIX Eagle Small CapPairCorr
  0.97EISVX Eagle International StockPairCorr
  0.96EISDX Eagle International StockPairCorr
  0.96EISAX Eagle International StockPairCorr
  0.98CSMEX Carillon Scout MidPairCorr
  0.99CSMFX Carillon Scout MidPairCorr
  0.98CSMUX Carillon Scout MidPairCorr
  0.95CSSVX Carillon Scout SmallPairCorr
  0.95CSSJX Carillon Scout SmallPairCorr
  0.93CSSAX Carillon Scout SmallPairCorr
  0.99PAMCX T Rowe PricePairCorr
  0.99RRMGX T Rowe PricePairCorr

Related Correlations Analysis

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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   
NCIDX
+ 1.0
VAADX
PCNTX
+ 0.99
VAADX
PCNTX
+ 0.99
NCIDX
PCNTX
+ 0.97
FSAWX
FSAWX
+ 0.96
VAADX
FSAWX
+ 0.95
NCIDX
  
High negative correlations   
CCD
- 0.24
VAADX
FSAWX
- 0.23
CCD
PCNTX
- 0.21
CCD
CCD
- 0.21
NCIDX

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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