Carillon Chartwell Correlations

BERAX Fund

17.60 0.05 0.28%

The current 90-days correlation between Carillon Chartwell Mid and Balanced Fund Retail is -0.07 (i.e., Good diversification). The correlation of Carillon Chartwell 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.

Carillon Chartwell Correlation With Market

Poor diversification

The correlation between Carillon Chartwell Mid and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell Mid and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carillon Chartwell Mid. 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 nation.

Moving together with Carillon Mutual Fund

0.86	VMVAX	Vanguard Mid Cap	Pair Corr
0.9	JVMAX	John Hancock Disciplined	Pair Corr
0.9	JVMIX	John Hancock Disciplined	Pair Corr
0.86	VMVIX	Vanguard Mid Cap	Pair Corr
0.79	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.8	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.79	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.8	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.79	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.66	MVCAX	Mfs Mid Cap	Pair Corr
0.86	GAAGX	Gmo Alternative Allo	Pair Corr
0.73	GPBFX	Gmo E Plus	Pair Corr
0.79	GPMFX	Guidepath Managed Futures	Pair Corr
0.89	PQTAX	Pimco Trends Managed	Pair Corr
0.89	PQTNX	Pimco Trends Managed	Pair Corr
0.89	PQTIX	Aa Pimco Tr	Pair Corr
0.8	WARCX	Wells Fargo Advantage	Pair Corr
0.84	GILCX	Guggenheim Large Cap	Pair Corr
0.77	PBLCX	Blue Chip Fund	Pair Corr
0.64	GSSQX	Goldman Sachs Equity	Pair Corr
0.65	GLRIX	James Balanced Golden	Pair Corr
0.72	BMBSX	Baird Quality Interm	Pair Corr
0.85	CFIPX	Qs Global Equity	Pair Corr
0.63	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.86	BA	Boeing	Pair Corr
0.67	INTC	Intel	Pair Corr

Moving against Carillon Mutual Fund

0.41	VZ	Verizon Communications Earnings Call Today	Pair Corr
0.34	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	SGICX	GSCYX	RRIGX	LGFEX	RIERX	FLDFX
SGICX		0.8	0.93	0.93	0.97	0.91	SGICX
GSCYX	0.8		0.89	0.89	0.79	0.9	GSCYX
RRIGX	0.93	0.89		0.95	0.92	0.94	RRIGX
LGFEX	0.93	0.89	0.95		0.93	0.96	LGFEX
RIERX	0.97	0.79	0.92	0.93		0.93	RIERX
FLDFX	0.91	0.9	0.94	0.96	0.93		FLDFX
	SGICX	GSCYX	RRIGX	LGFEX	RIERX	FLDFX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Chartwell 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 Carillon Chartwell'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
SGICX	0.63	0.22	0.32	0.43	0.00	(0.80)	1.25	(0.82)	10.57
GSCYX	0.97	0.22	0.21	0.24	0.70	(1.12)	2.03	(1.63)	13.29
RRIGX	0.55	0.17	0.22	0.31	0.33	(0.62)	1.45	(1.03)	2.91
LGFEX	0.69	0.21	0.23	0.40	0.46	(0.79)	1.41	(1.37)	8.57
RIERX	0.74	0.21	0.18	0.84	0.53	(0.85)	1.45	(1.32)	11.27
FLDFX	0.45	0.09	0.08	1.42	0.35	(0.54)	0.93	(0.96)	4.03

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