Carillon Scout Correlations

CSSJX Fund

USD 20.29 0.21 1.02%

The current 90-days correlation between Carillon Scout Small and Ab Bond Inflation is -0.12 (i.e., Good 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

Excellent diversification

The correlation between Carillon Scout Small and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Scout Small 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 Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Carillon Mutual Fund

1.0

HRCVX

Eagle Growth Income

Pair Corr

Moving against Carillon Mutual Fund

0.97	HIGCX	Eagle Growth Income	Pair Corr
0.97	HIGJX	Eagle Growth Income	Pair Corr
0.97	HIGUX	Eagle Growth Income	Pair Corr
0.97	SUBTX	Carillon Reams Uncon	Pair Corr
0.97	SUBDX	Carillon Reams Uncon	Pair Corr
0.97	SUBFX	Scout Unconstrained Bond	Pair Corr
0.95	CWSIX	Chartwell Small Cap	Pair Corr
0.95	CWSHX	Carillon Chartwell Small	Pair Corr
0.95	CWSCX	Carillon Chartwell Small	Pair Corr
0.93	BERCX	Berwyn Cornerstone	Pair Corr
0.8	CWFCX	Carillon Chartwell Short	Pair Corr
0.8	CWFAX	Chartwell Short Duration	Pair Corr
0.79	CWFIX	Chartwell Short Duration	Pair Corr
0.78	HRCCX	Eagle Capital Apprec	Pair Corr
0.77	BERSX	Carillon Chartwell Real	Pair Corr
0.71	UMBMX	Scout Mid Cap	Pair Corr
0.67	CWSRX	Columbia Large Cap	Pair Corr
0.66	CWSAX	Carillon Chartwell Small	Pair Corr
0.66	CWSBX	Carillon Chartwell Small	Pair Corr
0.61	CWSGX	Chartwell Small Cap	Pair Corr
0.59	UMBHX	Scout Small Cap	Pair Corr
0.47	SCPDX	Carillon Reams Core	Pair Corr
0.47	SCPWX	Carillon Reams Core	Pair Corr
0.42	SCCIX	Scout E Bond	Pair Corr
0.33	SCPEX	Carillon Reams Core	Pair Corr
0.95	HAGIX	Eagle Mid Cap	Pair Corr
0.95	HAGCX	Eagle Mid Cap	Pair Corr
0.93	CSMEX	Carillon Scout Mid	Pair Corr
0.93	CSMFX	Carillon Scout Mid	Pair Corr
0.93	CSMUX	Carillon Scout Mid	Pair Corr
0.9	HSRUX	Eagle Small Cap	Pair Corr
0.89	HSCCX	Eagle Small Cap	Pair Corr
0.82	EISVX	Eagle International Stock	Pair Corr
0.82	EISDX	Eagle International Stock	Pair Corr
0.82	EISAX	Eagle International Stock	Pair Corr
0.82	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	ARTFX	LCPMX	TFBIX	DODLX	ABIMX	FAAWX	OKMUX	ABNTX
ARTFX		0.9	0.87	0.77	0.81	0.89	0.91	0.57	ARTFX
LCPMX	0.9		0.96	0.77	0.91	0.95	0.96	0.63	LCPMX
TFBIX	0.87	0.96		0.77	0.97	0.98	0.95	0.64	TFBIX
DODLX	0.77	0.77	0.77		0.73	0.77	0.8	0.86	DODLX
ABIMX	0.81	0.91	0.97	0.73		0.97	0.89	0.64	ABIMX
FAAWX	0.89	0.95	0.98	0.77	0.97		0.94	0.63	FAAWX
OKMUX	0.91	0.96	0.95	0.8	0.89	0.94		0.65	OKMUX
ABNTX	0.57	0.63	0.64	0.86	0.64	0.63	0.65		ABNTX
	ARTFX	LCPMX	TFBIX	DODLX	ABIMX	FAAWX	OKMUX	ABNTX

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
ARTFX	0.09	0.00	(0.23)	0.07	0.00	(0.19)	0.22	(0.11)	0.66
LCPMX	0.10	0.01	(0.08)	0.41	0.00	(0.17)	0.23	(0.23)	1.04
TFBIX	0.07	0.00	(0.17)	0.15	0.00	(0.14)	0.20	(0.10)	0.69
DODLX	0.15	0.00	(0.13)	0.06	0.11	(0.18)	0.27	(0.27)	0.63
ABIMX	0.08	0.00	(0.15)	0.05	0.05	(0.16)	0.21	(0.21)	0.93
FAAWX	0.07	0.00	(0.16)	0.14	0.00	(0.14)	0.20	(0.10)	0.80
OKMUX	0.06	0.01	(0.13)	1.06	0.00	(0.18)	0.28	(0.09)	0.66
ABNTX	0.07	0.00	(0.29)	(0.18)	0.03	(0.11)	0.10	(0.10)	0.39

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