Scout E Correlations

Mutual Funds . USA . 
Fund . Scout E Bond
SCCIX Fund  USD 10.71  0.05  0.46%   
The current 90-days correlation between Scout E Bond and Delaware Investments Ultrashort is 0.13 (i.e., Average diversification). The correlation of Scout E 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 E Correlation With Market

Good diversification

The correlation between Scout E Bond and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Bond 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 Bond. 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 gross domestic product.

Moving together with Scout Mutual Fund

  0.96SUBTX Carillon Reams UnconPairCorr
  0.97SUBDX Carillon Reams UnconPairCorr
  0.97SUBFX Scout Unconstrained BondPairCorr
  0.97SUBEX Carillon Reams UnconPairCorr
  0.99SCPEX Carillon Reams CorePairCorr
  0.99SCPDX Carillon Reams CorePairCorr
  1.0SCPWX Carillon Reams CorePairCorr
  1.0SCPZX Scout E PlusPairCorr
  0.69BERIX Berwyn IncomePairCorr

Moving against Scout Mutual Fund

  0.56CWSGX Chartwell Small CapPairCorr
  0.56CWSAX Carillon Chartwell SmallPairCorr
  0.56CWSRX Columbia Large CapPairCorr
  0.54UMBMX Scout Mid CapPairCorr
  0.51HIGJX Eagle Growth IncomePairCorr
  0.51HIGUX Eagle Growth IncomePairCorr
  0.5HIGCX Eagle Growth IncomePairCorr
  0.48CWSIX Chartwell Small CapPairCorr
  0.48CWSHX Carillon Chartwell SmallPairCorr
  0.48CWSCX Carillon Chartwell SmallPairCorr
  0.48CWSWX Carillon Chartwell SmallPairCorr
  0.37UMBHX Scout Small CapPairCorr
  0.58HRCCX Eagle Capital ApprecPairCorr
  0.58HRCIX Eagle Capital ApprecPairCorr
  0.58HRCPX Eagle Capital ApprecPairCorr
  0.58HRCUX Eagle Capital ApprecPairCorr
  0.54HRAUX Eagle Mid CapPairCorr
  0.54HAGIX Eagle Mid CapPairCorr
  0.54HAGAX Eagle Mid CapPairCorr
  0.54HAGCX Eagle Mid CapPairCorr
  0.54CSMEX Carillon Scout MidPairCorr
  0.54CSMUX Carillon Scout MidPairCorr
  0.51HRCVX Eagle Growth IncomePairCorr
  0.5BERCX Berwyn NerstonePairCorr
  0.49BERBX Carillon Chartwell MidPairCorr
  0.48HRSCX Eagle Small CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CMGUX
+ 0.9
DULTX
RSDIX
+ 0.84
OWSBX
KYSMX
+ 0.73
OWSBX
CMGUX
+ 0.58
SNORX
KYSMX
+ 0.56
RSDIX
RSDIX
+ 0.42
DULTX
  
High negative correlations   
SNORX
- 0.47
OWSBX
CMGUX
- 0.41
OWSBX
KYSMX
- 0.38
CMGUX
KYSMX
- 0.36
SNORX
RSDIX
- 0.26
SNORX
KYSMX
- 0.18
DULTX

Risk-Adjusted Indicators

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