Eagle Mlp Correlations

EGLNX Fund

USD 11.15 0.05 0.45%

The current 90-days correlation between Eagle Mlp Strategy and The Gabelli Healthcare is 0.13 (i.e., Average diversification). The correlation of Eagle Mlp 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 Mlp Correlation With Market

Weak diversification

The correlation between Eagle Mlp Strategy and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mlp Strategy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Mlp Strategy. 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 board of governors.

Moving together with Eagle Mutual Fund

1.0	EGLIX	Eagle Mlp Strategy	Pair Corr
1.0	EGLCX	Eagle Mlp Strategy	Pair Corr
1.0	EGLAX	Eagle Mlp Strategy	Pair Corr
1.0	TORCX	Tortoise Mlp Pipeline	Pair Corr
0.99	MLPTX	Oppenheimer Steelpath Mlp	Pair Corr
0.99	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPZX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	OSPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.93	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.98	GMLPX	Goldman Sachs Mlp	Pair Corr
0.98	GLPIX	Goldman Sachs Mlp	Pair Corr
0.98	GLPRX	Goldman Sachs Mlp	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.83	MLMAX	Global E Portfolio	Pair Corr
0.89	ARIDX	Amg River Road	Pair Corr
0.93	TLCYX	Touchstone Large Cap	Pair Corr
0.82	VWELX	Vanguard Wellington	Pair Corr
0.94	AMGOX	Alger Mid Cap	Pair Corr
0.85	GAB	Gabelli Equity Trust	Pair Corr
0.87	WWLAX	Westwood Largecap Value	Pair Corr
0.9	FSEIX	Nuveen Mid Cap	Pair Corr
0.87	DFMAX	Davidson Multi Cap	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.88	ILESX	Fisher Investments	Pair Corr
0.76	CFCRX	Columbia Flexible Capital	Pair Corr
0.66	GAPIX	Goldman Sachs Equity	Pair Corr
0.89	AMGIX	Income Growth	Pair Corr
0.94	SAGAX	Ridgeworth Innovative	Pair Corr
0.86	AMEIX	Equity Growth	Pair Corr

Moving against Eagle Mutual Fund

0.62	NHS	Neuberger Berman High	Pair Corr
0.46	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	XXGRX	HIAHX	ETAHX	GGHYX	SCHLX	BHCHX	AHSCX
XXGRX		0.98	0.57	0.97	0.97	0.87	0.59	XXGRX
HIAHX	0.98		0.58	0.99	0.99	0.91	0.56	HIAHX
ETAHX	0.57	0.58		0.58	0.6	0.71	0.73	ETAHX
GGHYX	0.97	0.99	0.58		0.99	0.93	0.61	GGHYX
SCHLX	0.97	0.99	0.6	0.99		0.92	0.61	SCHLX
BHCHX	0.87	0.91	0.71	0.93	0.92		0.62	BHCHX
AHSCX	0.59	0.56	0.73	0.61	0.61	0.62		AHSCX
	XXGRX	HIAHX	ETAHX	GGHYX	SCHLX	BHCHX	AHSCX

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Risk-Adjusted Indicators

There is a big difference between Eagle Mutual Fund performing well and Eagle Mlp 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 Mlp'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XXGRX	0.62	(0.18)	(0.17)	1.01	(1.19)	2.74
HIAHX	0.64	(0.19)	(0.20)	0.91	(1.34)	3.83
ETAHX	1.02	(0.14)	(0.01)	2.27	(2.32)	7.54
GGHYX	0.63	(0.17)	(0.17)	0.93	(1.30)	3.73
SCHLX	0.55	(0.15)	(0.17)	0.89	(1.30)	3.08
BHCHX	0.66	(0.13)	(0.08)	1.27	(1.32)	4.20
AHSCX	0.57	(0.07)	(0.03)	0.82	(1.25)	4.55

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