Carillon Scout Correlations

CSMFX Fund

USD 23.06 0.01 0.04%

The current 90-days correlation between Carillon Scout Mid and Calamos Dynamic Convertible is 0.26 (i.e., Modest diversification). The correlation of Carillon Scout 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 Scout Correlation With Market

Significant diversification

The correlation between Carillon Scout Mid and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Scout 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 Scout 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 census.

Moving together with Carillon Mutual Fund

0.97	HIGCX	Eagle Growth Income	Pair Corr
0.94	HIGUX	Eagle Growth Income	Pair Corr
0.94	CWSIX	Chartwell Small Cap	Pair Corr
0.77	CWSGX	Chartwell Small Cap	Pair Corr
0.97	CWSHX	Carillon Chartwell Small	Pair Corr
0.94	CWSCX	Carillon Chartwell Small	Pair Corr
0.82	CWSAX	Carillon Chartwell Small	Pair Corr
0.78	CWSBX	Carillon Chartwell Small	Pair Corr
0.81	CWSRX	Columbia Large Cap	Pair Corr
0.69	SCCIX	Scout E Bond	Pair Corr
0.71	SUBTX	Carillon Reams Uncon	Pair Corr
0.72	SUBDX	Carillon Reams Uncon	Pair Corr
0.71	SUBFX	Scout Unconstrained Bond	Pair Corr
0.73	SUBEX	Carillon Reams Uncon	Pair Corr
0.75	SCPEX	Carillon Reams Core	Pair Corr
0.74	SCPDX	Carillon Reams Core	Pair Corr
0.73	SCPWX	Carillon Reams Core	Pair Corr
0.96	UMBMX	Scout Mid Cap	Pair Corr
0.96	UMBHX	Scout Small Cap	Pair Corr
0.95	BERCX	Berwyn Cornerstone	Pair Corr
0.9	HRCCX	Eagle Capital Apprec	Pair Corr
0.89	HRCIX	Eagle Capital Apprec	Pair Corr
0.97	HRAUX	Eagle Mid Cap	Pair Corr
0.89	HRCPX	Eagle Capital Apprec	Pair Corr
0.89	HRCUX	Eagle Capital Apprec	Pair Corr
0.94	HRCVX	Eagle Growth Income	Pair Corr
0.94	HRSCX	Eagle Small Cap	Pair Corr
0.97	HAGIX	Eagle Mid Cap	Pair Corr
0.97	HAGAX	Eagle Mid Cap	Pair Corr
0.97	HAGCX	Eagle Mid Cap	Pair Corr
0.94	HSCCX	Eagle Small Cap	Pair Corr
0.94	HSIIX	Eagle Small Cap	Pair Corr
0.99	HSRUX	Eagle Small Cap	Pair Corr
0.7	CRCUX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	CCD	FSAWX	LCFYX	ARBOX	VAADX	XAVKX
CCD		0.37	0.04	-0.57	-0.03	-0.31	CCD
FSAWX	0.37		0.71	-0.32	0.68	0.34	FSAWX
LCFYX	0.04	0.71		0.25	0.94	0.77	LCFYX
ARBOX	-0.57	-0.32	0.25		0.21	0.45	ARBOX
VAADX	-0.03	0.68	0.94	0.21		0.87	VAADX
XAVKX	-0.31	0.34	0.77	0.45	0.87		XAVKX
	CCD	FSAWX	LCFYX	ARBOX	VAADX	XAVKX

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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

VAADX	+ 0.94	LCFYX
XAVKX	+ 0.87	VAADX
XAVKX	+ 0.77	LCFYX
LCFYX	+ 0.71	FSAWX
VAADX	+ 0.68	FSAWX
XAVKX	+ 0.45	ARBOX

High negative correlations

ARBOX	- 0.57	CCD
ARBOX	- 0.32	FSAWX
XAVKX	- 0.31	CCD
VAADX	- 0.03	CCD

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Scout 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 Scout'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
CCD	0.68	(0.02)	0.00	(0.09)	0.00	0.00	1.54	(1.54)	4.87
FSAWX	0.08	0.03	(0.43)	2.70	0.00	(0.13)	0.19	(0.10)	0.38
LCFYX	0.54	0.08	0.03	0.40	0.58	(0.63)	1.12	(1.03)	3.79
ARBOX	0.06	(0.01)	(0.14)	(0.22)	0.18	(0.09)	0.09	(0.09)	1.33
VAADX	0.60	0.07	0.01	1.14	0.68	(0.69)	1.19	(0.97)	4.02
XAVKX	0.48	0.03	(0.06)	0.47	0.64	(0.47)	0.90	(0.95)	3.14

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