Carillon Scout Correlations

Mutual Funds . USA . 
Fund . Carillon Scout Mid
CSMUX Fund  USD 26.44  0.37  1.42%   
The current 90-days correlation between Carillon Scout Mid and Carillon Chartwell Small is 0.93 (i.e., Almost no 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

Very poor diversification

The correlation between Carillon Scout Mid and DJI is 0.89 (i.e., Very poor 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 population.

Moving together with Carillon Mutual Fund

  0.94CWFIX Chartwell Short DurationPairCorr
  0.95CWFCX Carillon Chartwell ShortPairCorr
  0.96CWFAX Chartwell Short DurationPairCorr
  0.96CWFRX Carillon Chartwell ShortPairCorr
  0.99HIGCX Eagle Growth IncomePairCorr
  0.99HIGJX Eagle Growth IncomePairCorr
  0.99HIGUX Eagle Growth IncomePairCorr
  1.0CWSIX Chartwell Small CapPairCorr
  0.89CWSGX Chartwell Small CapPairCorr
  1.0CWSHX Carillon Chartwell SmallPairCorr
  1.0CWSCX Carillon Chartwell SmallPairCorr
  0.91CWSAX Carillon Chartwell SmallPairCorr
  1.0CWSWX Carillon Chartwell SmallPairCorr
  0.91CWSRX Columbia Large CapPairCorr
  0.61SCCIX Scout E BondPairCorr
  0.97SUBTX Carillon Reams UnconPairCorr
  0.97SUBDX Carillon Reams UnconPairCorr
  0.97SUBFX Scout Unconstrained BondPairCorr
  0.96SUBEX Carillon Reams UnconPairCorr
  0.67SCPDX Carillon Reams CorePairCorr
  0.67SCPWX Carillon Reams CorePairCorr
  0.65SCPZX Scout E PlusPairCorr
  0.93UMBMX Scout Mid CapPairCorr
  0.88UMBHX Scout Small CapPairCorr
  0.92BERIX Berwyn IncomePairCorr
  0.92BERGX Carillon Chartwell RealPairCorr
  0.92BERHX Carillon Chartwell RealPairCorr
  1.0BERDX Carillon Chartwell MidPairCorr
  1.0BERAX Carillon Chartwell MidPairCorr
  0.75HRCCX Eagle Capital ApprecPairCorr
  0.76HRCPX Eagle Capital ApprecPairCorr
  0.88HRSCX Eagle Small CapPairCorr
  0.96HAGIX Eagle Mid CapPairCorr
  0.96HAGCX Eagle Mid CapPairCorr

Moving against Carillon Mutual Fund

  0.92CSSVX Carillon Scout SmallPairCorr
  0.92CSSJX Carillon Scout SmallPairCorr
  0.92CSSAX Carillon Scout SmallPairCorr
  0.89HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWFIX  0.06  0.01  0.00  1.97  0.00 
 0.00 
 0.11 
(0.10)
 0.84 
CWFCX  0.06  0.01 (0.40) 0.25  0.00 
(0.10)
 0.10 
(0.10)
 0.31 
CWFAX  0.05  0.01  0.00  0.38  0.00 
 0.00 
 0.10 
(0.10)
 0.21 
CWFRX  0.05  0.01  0.00  0.43  0.00 
 0.00 
 0.10 
(0.10)
 0.21 
HIGCX  0.88  0.38  0.45  0.62  0.00 
(1.07)
 1.17 
(1.09)
 23.52 
HIGJX  0.89  0.39  0.46  0.63  0.00 
(1.08)
 1.17 
(1.14)
 23.59 
HIGUX  0.88  0.39  0.47  0.64  0.00 
(1.10)
 1.17 
(1.08)
 23.71 
CWSIX  1.38  0.63  0.67  0.70  0.00 
(1.82)
 2.79 
(1.20)
 28.32 
CWSGX  1.05  0.06  0.05  0.11  1.21 
(1.18)
 2.06 
(1.93)
 6.43 
CWSHX  1.37  0.62  0.69  0.68  0.00 
(2.03)
 2.77 
(1.27)
 27.83 

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