Carillon Chartwell Correlations

BERDX Fund

20.03 0.27 1.37%

The current 90-days correlation between Carillon Chartwell Mid and Carillon Eagle Growth is -0.2 (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

Good diversification

The correlation between Carillon Chartwell Mid and DJI is -0.07 (i.e., Good 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 unemployment.

Moving together with Carillon Mutual Fund

0.65	VMVAX	Vanguard Mid Cap	Pair Corr
0.74	JVMAX	John Hancock Disciplined	Pair Corr
0.74	JVMIX	John Hancock Disciplined	Pair Corr
0.64	VMVIX	Vanguard Mid Cap	Pair Corr
0.73	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.67	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.67	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.67	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.75	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.75	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	RYVYX	Nasdaq 100 2x	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.75	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.77	INPIX	Internet Ultrasector	Pair Corr
0.77	INPSX	Internet Ultrasector	Pair Corr
0.75	VTSMX	Vanguard Total Stock	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Carillon Mutual Fund

0.4	TGLDX	Tocqueville Gold	Pair Corr
0.75	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.4	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	HIGYX	HRAYX	HRCYX	CWSWX	SUBSX	SUBRX	SUBEX	SCPUX	SCPVX
HIGYX		0.92	0.83	0.67	0.0	-0.33	0.0	0.0	-0.16	HIGYX
HRAYX	0.92		0.96	0.73	0.0	-0.51	0.0	0.0	-0.4	HRAYX
HRCYX	0.83	0.96		0.63	0.0	-0.57	0.0	0.0	-0.48	HRCYX
CWSWX	0.67	0.73	0.63		0.0	-0.45	0.0	0.0	-0.46	CWSWX
SUBSX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SUBSX
SUBRX	-0.33	-0.51	-0.57	-0.45	0.0		0.0	0.0	0.87	SUBRX
SUBEX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SUBEX
SCPUX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SCPUX
SCPVX	-0.16	-0.4	-0.48	-0.46	0.0	0.87	0.0	0.0		SCPVX
	HIGYX	HRAYX	HRCYX	CWSWX	SUBSX	SUBRX	SUBEX	SCPUX	SCPVX

Click cells to compare fundamentals

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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

HRCYX	+ 0.96	HRAYX
HRAYX	+ 0.92	HIGYX
SCPVX	+ 0.87	SUBRX
HRCYX	+ 0.83	HIGYX
CWSWX	+ 0.73	HRAYX
CWSWX	+ 0.67	HIGYX

High negative correlations

SUBRX	- 0.57	HRCYX
SUBRX	- 0.51	HRAYX
SCPVX	- 0.48	HRCYX
SCPVX	- 0.46	CWSWX
SUBRX	- 0.45	CWSWX
SCPVX	- 0.4	HRAYX

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
HIGYX	0.53	0.05	(0.06)	0.47	0.56	(0.56)	1.25	(1.00)	2.55
HRAYX	0.74	0.09	0.01	0.57	0.76	(0.85)	1.65	(1.44)	3.40
HRCYX	0.74	0.19	0.11	2.22	0.55	(0.82)	1.77	(1.45)	4.11
CWSWX	0.85	0.13	0.02	(1.48)	0.79	(1.10)	2.04	(1.52)	7.74
SUBSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SUBRX	0.24	(0.01)	0.00	0.34	0.00	0.00	0.50	(0.51)	2.01
SUBEX	0.15	(0.03)	0.00	(0.86)	0.00	0.00	0.24	(0.40)	0.90
SCPUX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCPVX	0.36	0.00	0.00	0.10	0.00	0.00	0.67	(0.67)	1.61

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