Carillon Scout Correlations

Mutual Funds . USA . 
Fund . Carillon Scout Small
CSSJX Fund  USD 26.65  0.14  0.52%   
The current 90-days correlation between Carillon Scout Small and Chartwell Short Duration is 0.74 (i.e., Poor 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 Small and DJI is 0.84 (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 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 signals in inflation.

Moving together with Carillon Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.97CWFCX Carillon Chartwell ShortPairCorr
  0.97CWFAX Chartwell Short DurationPairCorr
  0.97CWFRX Carillon Chartwell ShortPairCorr
  0.99HIGCX Eagle Growth IncomePairCorr
  0.99HIGJX Eagle Growth IncomePairCorr
  0.99HIGUX Eagle Growth IncomePairCorr
  0.95CWSHX Carillon Chartwell SmallPairCorr
  0.95CWSCX Carillon Chartwell SmallPairCorr
  1.0CWSAX Carillon Chartwell SmallPairCorr
  1.0CWSBX Carillon Chartwell SmallPairCorr
  0.95CWSWX Carillon Chartwell SmallPairCorr
  1.0CWSRX Columbia Large CapPairCorr
  0.71SCCIX Scout E BondPairCorr
  0.83SUBDX Carillon Reams UnconPairCorr
  0.85SUBFX Scout Unconstrained BondPairCorr
  0.83SUBEX Carillon Reams UnconPairCorr
  0.79SCPDX Carillon Reams CorePairCorr
  0.8SCPWX Carillon Reams CorePairCorr
  0.96UMBMX Scout Mid CapPairCorr
  1.0UMBHX Scout Small CapPairCorr
  0.95BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.98BERCX Berwyn CornerstonePairCorr
  0.97HRCCX Eagle Capital ApprecPairCorr
  0.97HRCIX Eagle Capital ApprecPairCorr
  0.95HRAUX Eagle Mid CapPairCorr
  0.97HRCUX Eagle Capital ApprecPairCorr
  0.98HRSCX Eagle Small CapPairCorr
  0.95HAGCX Eagle Mid CapPairCorr
  0.98HSCCX Eagle Small CapPairCorr
  0.98HSIIX Eagle Small CapPairCorr
  0.95EISVX Eagle International StockPairCorr
  0.95EISIX Eagle International StockPairCorr
  0.95EISDX Eagle International StockPairCorr
  0.95EISAX Eagle International StockPairCorr
  0.96CSMUX Carillon Scout MidPairCorr
  1.0CSSVX Carillon Scout SmallPairCorr
  0.97VSGAX Vanguard Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.08  0.02 (0.76) 0.54  0.00 
(0.14)
 0.21 
(0.10)
 0.43 
CWFAX  0.09  0.03 (0.66) 0.49  0.00 
(0.15)
 0.31 
(0.11)
 0.53 
CWFRX  0.08  0.03 (0.62) 0.48  0.00 
(0.14)
 0.21 
(0.11)
 0.53 
HIGCX  0.56  0.07  0.05  0.22  0.50 
(0.64)
 1.49 
(1.13)
 3.96 
HIGJX  0.56  0.07  0.05  0.23  0.49 
(0.64)
 1.61 
(1.12)
 4.00 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 
CWSIX  1.06  0.07  0.08  0.19  1.01 
(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  1.07  0.07  0.07  0.19  0.99 
(1.25)
 2.55 
(1.81)
 7.74 

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