Scout Small Correlations

Mutual Funds . USA . 
Fund . Scout Small Cap
UMBHX Fund  USD 34.88  0.48  1.40%   
The current 90-days correlation between Scout Small Cap and Legg Mason Bw is 0.79 (i.e., Poor diversification). The correlation of Scout Small 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 Small Correlation With Market

Very poor diversification

The correlation between Scout Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Small Cap 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 Small Cap. 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 rate.

Moving together with Scout Mutual Fund

  0.71CWFIX Chartwell Short DurationPairCorr
  0.61CWFCX Carillon Chartwell ShortPairCorr
  0.71CWFRX Carillon Chartwell ShortPairCorr
  0.84HIGCX Eagle Growth IncomePairCorr
  0.84HIGJX Eagle Growth IncomePairCorr
  0.84HIGUX Eagle Growth IncomePairCorr
  0.95CWSIX Chartwell Small CapPairCorr
  0.94CWSGX Chartwell Small CapPairCorr
  0.96CWSHX Carillon Chartwell SmallPairCorr
  0.96CWSCX Carillon Chartwell SmallPairCorr
  0.95CWSAX Carillon Chartwell SmallPairCorr
  0.95CWSBX Carillon Chartwell SmallPairCorr
  0.94CWSRX Columbia Large CapPairCorr
  0.92UMBMX Scout Mid CapPairCorr
  0.94BERCX Berwyn NerstonePairCorr
  0.89HRCCX Eagle Capital ApprecPairCorr
  0.89HRCIX Eagle Capital ApprecPairCorr
  0.92HRAUX Eagle Mid CapPairCorr
  0.89HRCPX Eagle Capital ApprecPairCorr
  0.89HRCUX Eagle Capital ApprecPairCorr
  0.84HRCVX Eagle Growth IncomePairCorr
  0.98HRSCX Eagle Small CapPairCorr
  0.92HAGIX Eagle Mid CapPairCorr
  0.92HAGAX Eagle Mid CapPairCorr
  0.92HAGCX Eagle Mid CapPairCorr
  0.98HSCCX Eagle Small CapPairCorr
  0.98HSIIX Eagle Small CapPairCorr
  0.98HSRUX Eagle Small CapPairCorr

Moving against Scout Mutual Fund

  0.6SCPEX Carillon Reams CorePairCorr
  0.59SCPDX Carillon Reams CorePairCorr
  0.58SCCIX Scout E BondPairCorr
  0.58SCPZX Scout E PlusPairCorr
  0.42SUBDX Carillon Reams UnconPairCorr
  0.39SUBFX Scout Unconstrained BondPairCorr
  0.37SUBTX Carillon Reams UnconPairCorr
  0.59CRCDX Carillon Reams CorePairCorr
  0.58CRCUX Carillon Reams CorePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Small 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 Small'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY