Scout Core Correlations

Mutual Funds . USA . 
Fund . Scout E Plus
SCPZX Fund  USD 29.82  0.06  0.20%   
The current 90-days correlation between Scout E Plus and Aqr Long Short Equity is 0.14 (i.e., Average diversification). The correlation of Scout Core 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 Core Correlation With Market

Weak diversification

The correlation between Scout E Plus and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Plus 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 Plus. 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 nation.

Moving together with Scout Mutual Fund

  0.82CWFIX Chartwell Short DurationPairCorr
  0.81CWFCX Carillon Chartwell ShortPairCorr
  0.8CWFAX Chartwell Short DurationPairCorr
  0.79CWFRX Carillon Chartwell ShortPairCorr
  0.74HIGCX Eagle Growth IncomePairCorr
  0.77HIGJX Eagle Growth IncomePairCorr
  0.77HIGUX Eagle Growth IncomePairCorr
  0.64CWSIX Chartwell Small CapPairCorr
  0.79CWSGX Chartwell Small CapPairCorr
  0.64CWSCX Carillon Chartwell SmallPairCorr
  0.77CWSAX Carillon Chartwell SmallPairCorr
  0.77CWSBX Carillon Chartwell SmallPairCorr
  0.61CWSWX Carillon Chartwell SmallPairCorr
  0.77CWSRX Columbia Large CapPairCorr
  0.99SCCIX Scout E BondPairCorr
  0.99SUBTX Carillon Reams UnconPairCorr
  0.94SUBDX Carillon Reams UnconPairCorr
  0.99SUBFX Scout Unconstrained BondPairCorr
  0.94SUBEX Carillon Reams UnconPairCorr
  0.93SCPEX Carillon Reams CorePairCorr
  0.93SCPDX Carillon Reams CorePairCorr
  1.0SCPWX Carillon Reams CorePairCorr
  0.67UMBMX Scout Mid CapPairCorr
  0.77UMBHX Scout Small CapPairCorr
  0.82BERSX Carillon Chartwell RealPairCorr
  0.86BERIX Berwyn IncomePairCorr
  0.83BERGX Carillon Chartwell RealPairCorr
  0.84BERHX Carillon Chartwell RealPairCorr
  0.71BERDX Carillon Chartwell MidPairCorr
  0.68BERBX Carillon Chartwell MidPairCorr
  0.73BERCX Berwyn CornerstonePairCorr
  0.71BERAX Carillon Chartwell MidPairCorr
  0.71HRCCX Eagle Capital ApprecPairCorr
  0.71HRCIX Eagle Capital ApprecPairCorr
  0.66HRAUX Eagle Mid CapPairCorr
  0.69HRCPX Eagle Capital ApprecPairCorr
  0.69HRCUX Eagle Capital ApprecPairCorr
  0.74HRCVX Eagle Growth IncomePairCorr

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 Core 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 Core'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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