Scout Core Correlations

SCPZX Fund

USD 30.56 0.12 0.39%

The current 90-days correlation between Scout E Plus and Carillon Chartwell Small is 0.12 (i.e., Average diversification). The correlation of Scout Core 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.

Scout Core Correlation With Market

Very weak diversification

The correlation between Scout E Plus and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Plus and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scout E Plus. 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 Scout Mutual Fund

0.65	CWFIX	Chartwell Short Duration	Pair Corr
0.61	CWSGX	Chartwell Small Cap	Pair Corr
0.98	SCCIX	Scout E Bond	Pair Corr
0.68	SUBTX	Carillon Reams Uncon	Pair Corr
0.68	SUBDX	Carillon Reams Uncon	Pair Corr
0.67	SUBEX	Carillon Reams Uncon	Pair Corr
0.77	SCPEX	Carillon Reams Core	Pair Corr
1.0	SCPWX	Carillon Reams Core	Pair Corr
0.63	UMBMX	Scout Mid Cap	Pair Corr
0.61	BERDX	Carillon Chartwell Mid	Pair Corr
0.62	BERCX	Berwyn Cornerstone	Pair Corr
0.61	BERAX	Carillon Chartwell Mid	Pair Corr
0.61	HSCCX	Eagle Small Cap	Pair Corr
0.61	HSRUX	Eagle Small Cap	Pair Corr
0.95	CRCDX	Carillon Reams Core	Pair Corr

Moving against Scout Mutual Fund

0.5	HRCVX	Eagle Growth Income	Pair Corr
0.5	CSSJX	Carillon Scout Small	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX
CWFIX		0.98	0.98	0.98	0.86	0.86	0.86	0.88	0.82	0.87	CWFIX
CWFCX	0.98		0.99	0.99	0.87	0.87	0.87	0.89	0.82	0.88	CWFCX
CWFAX	0.98	0.99		1.0	0.87	0.87	0.87	0.89	0.82	0.89	CWFAX
CWFRX	0.98	0.99	1.0		0.87	0.88	0.88	0.89	0.82	0.89	CWFRX
HIGCX	0.86	0.87	0.87	0.87		1.0	1.0	0.99	0.8	0.97	HIGCX
HIGJX	0.86	0.87	0.87	0.88	1.0		1.0	0.99	0.8	0.97	HIGJX
HIGUX	0.86	0.87	0.87	0.88	1.0	1.0		0.99	0.8	0.97	HIGUX
CWSIX	0.88	0.89	0.89	0.89	0.99	0.99	0.99		0.84	0.98	CWSIX
CWSGX	0.82	0.82	0.82	0.82	0.8	0.8	0.8	0.84		0.84	CWSGX
CWSHX	0.87	0.88	0.89	0.89	0.97	0.97	0.97	0.98	0.84		CWSHX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX

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Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Core 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 Scout Core'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
CWFIX	0.06	0.00	(0.29)	0.00	0.00	(0.13)	0.10	(0.10)	0.83
CWFCX	0.06	0.01	(0.48)	(4.86)	0.00	(0.10)	0.10	(0.10)	0.42
CWFAX	0.05	0.01	(0.35)	0.73	0.00	(0.11)	0.10	(0.10)	0.62
CWFRX	0.06	0.01	(0.36)	0.59	0.00	(0.11)	0.10	(0.10)	0.62
HIGCX	0.88	0.38	0.44	0.65	0.00	(1.07)	1.17	(1.09)	23.52
HIGJX	0.88	0.38	0.46	0.65	0.00	(1.08)	1.17	(1.14)	23.59
HIGUX	0.88	0.38	0.46	0.67	0.00	(1.10)	1.17	(1.08)	23.71
CWSIX	1.36	0.61	0.67	0.71	0.00	(1.82)	2.79	(1.20)	28.32
CWSGX	1.06	0.04	0.04	0.12	1.25	(1.17)	2.06	(1.93)	6.43
CWSHX	1.35	0.69	0.68	(3.80)	0.00	(2.02)	2.77	(1.27)	27.83

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