Carillon Chartwell Correlations

Mutual Funds . USA . 
Fund . Carillon Chartwell Small
CWSHX Fund   13.73  0.05  0.36%   
The current 90-days correlation between Carillon Chartwell Small and Alphacentric Lifesci Healthcare is 0.7 (i.e., Poor diversification). The correlation of Carillon Chartwell 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 Chartwell Correlation With Market

Very poor diversification

The correlation between Carillon Chartwell Small and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell 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 Chartwell 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

  0.94VSIIX Vanguard Small CapPairCorr
  0.95VISVX Vanguard Small Cap Potential GrowthPairCorr
  0.96DFSVX Us Small CapPairCorr
  0.95DFFVX Us Targeted ValuePairCorr
  0.97UBVCX Undiscovered ManagersPairCorr
  0.97UBVAX Undiscovered ManagersPairCorr
  0.97UBVSX Undiscovered ManagersPairCorr
  0.97AVFIX American Beacon SmallPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  0.87VFFSX Vanguard 500 IndexPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.62JNJ Johnson Johnson Sell-off TrendPairCorr
  0.68INTC IntelPairCorr
  0.9HPQ HP Inc Earnings Call This WeekPairCorr
  0.91CAT CaterpillarPairCorr
  0.89MMM 3M CompanyPairCorr
  0.71HD Home DepotPairCorr
  0.88DIS Walt DisneyPairCorr
  0.73AXP American ExpressPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.69CVX Chevron CorpPairCorr
  0.86AA Alcoa CorpPairCorr
  0.75IBM International BusinessPairCorr

Moving against Carillon Mutual Fund

  0.38VUBFX Vanguard Ultra ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Chartwell 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 Chartwell'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.

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