Carillon Scout Correlations

Mutual Funds . USA . 
Fund . Carillon Scout Mid
CSMUX Fund  USD 25.09  0.05  0.20%   
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

Good diversification

The correlation between Carillon Scout Mid and DJI is -0.16 (i.e., Good 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 employment.

Moving together with Carillon Mutual Fund

  0.95CWFIX Chartwell Short DurationPairCorr
  0.69CWFCX Carillon Chartwell ShortPairCorr
  0.68CWFAX Chartwell Short DurationPairCorr
  0.69CWFRX Carillon Chartwell ShortPairCorr
  0.96HIGCX Eagle Growth IncomePairCorr
  0.69HIGJX Eagle Growth IncomePairCorr
  0.69HIGUX Eagle Growth IncomePairCorr
  0.68CWSIX Chartwell Small CapPairCorr
  0.94CWSGX Chartwell Small CapPairCorr
  0.68CWSHX Carillon Chartwell SmallPairCorr
  0.97CWSCX Carillon Chartwell SmallPairCorr
  0.64CWSAX Carillon Chartwell SmallPairCorr
  0.94CWSBX Carillon Chartwell SmallPairCorr
  0.94CWSWX Carillon Chartwell SmallPairCorr
  0.97CWSRX Columbia Large CapPairCorr
  0.71SUBTX Carillon Reams UnconPairCorr
  0.73SUBDX Carillon Reams UnconPairCorr
  0.72SUBFX Scout Unconstrained BondPairCorr
  0.73SUBEX Carillon Reams UnconPairCorr
  0.66SCPEX Carillon Reams CorePairCorr
  0.65SCPDX Carillon Reams CorePairCorr
  0.66SCPWX Carillon Reams CorePairCorr
  0.66SCPZX Scout E PlusPairCorr
  0.73UMBMX Scout Mid CapPairCorr
  0.94UMBHX Scout Small CapPairCorr
  0.91BERSX Carillon Chartwell RealPairCorr
  0.67BERGX Carillon Chartwell RealPairCorr
  0.91BERHX Carillon Chartwell RealPairCorr
  0.96BERDX Carillon Chartwell MidPairCorr
  0.98BERBX Carillon Chartwell MidPairCorr
  0.98BERCX Berwyn CornerstonePairCorr
  0.96BERAX Carillon Chartwell MidPairCorr
  0.98HRCCX Eagle Capital ApprecPairCorr
  0.72HRCIX Eagle Capital ApprecPairCorr
  0.98HRAUX Eagle Mid CapPairCorr
  0.99HRCPX Eagle Capital ApprecPairCorr
  0.99HRCUX Eagle Capital ApprecPairCorr
  0.96HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

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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  0.08  0.03 (0.74) 0.57  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
CWFCX  0.07  0.03 (0.89) 10.81  0.00 
(0.14)
 0.21 
(0.10)
 0.43 
CWFAX  0.09  0.03 (0.86) 9.55  0.00 
(0.15)
 0.31 
(0.11)
 0.43 
CWFRX  0.08  0.00 (0.85) 0.00  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
HIGCX  0.56  0.07  0.05  0.22  0.50 
(0.64)
 1.49 
(1.13)
 3.96 
HIGJX  0.52  0.26  0.17 (1.96) 0.00 
(0.64)
 1.61 
(0.75)
 4.00 
HIGUX  0.51  0.26  0.18 (2.02) 0.00 
(0.64)
 1.56 
(0.75)
 3.86 
CWSIX  1.05  0.27  0.10 (1.80) 0.99 
(1.26)
 2.54 
(1.81)
 7.73 
CWSGX  0.90  0.10  0.10  0.23  0.83 
(1.04)
 2.13 
(1.65)
 6.05 
CWSHX  1.06  0.27  0.09 (1.92) 0.97 
(1.25)
 2.55 
(1.81)
 7.74 

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