Scout Core Correlations
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.
Scout |
Moving together with Scout Mutual Fund
0.82 | CWFIX | Chartwell Short Duration | PairCorr |
0.81 | CWFCX | Carillon Chartwell Short | PairCorr |
0.8 | CWFAX | Chartwell Short Duration | PairCorr |
0.79 | CWFRX | Carillon Chartwell Short | PairCorr |
0.74 | HIGCX | Eagle Growth Income | PairCorr |
0.77 | HIGJX | Eagle Growth Income | PairCorr |
0.77 | HIGUX | Eagle Growth Income | PairCorr |
0.64 | CWSIX | Chartwell Small Cap | PairCorr |
0.79 | CWSGX | Chartwell Small Cap | PairCorr |
0.64 | CWSCX | Carillon Chartwell Small | PairCorr |
0.77 | CWSAX | Carillon Chartwell Small | PairCorr |
0.77 | CWSBX | Carillon Chartwell Small | PairCorr |
0.61 | CWSWX | Carillon Chartwell Small | PairCorr |
0.77 | CWSRX | Columbia Large Cap | PairCorr |
0.99 | SCCIX | Scout E Bond | PairCorr |
0.99 | SUBTX | Carillon Reams Uncon | PairCorr |
0.94 | SUBDX | Carillon Reams Uncon | PairCorr |
0.99 | SUBFX | Scout Unconstrained Bond | PairCorr |
0.94 | SUBEX | Carillon Reams Uncon | PairCorr |
0.93 | SCPEX | Carillon Reams Core | PairCorr |
0.93 | SCPDX | Carillon Reams Core | PairCorr |
1.0 | SCPWX | Carillon Reams Core | PairCorr |
0.67 | UMBMX | Scout Mid Cap | PairCorr |
0.77 | UMBHX | Scout Small Cap | PairCorr |
0.82 | BERSX | Carillon Chartwell Real | PairCorr |
0.86 | BERIX | Berwyn Income | PairCorr |
0.83 | BERGX | Carillon Chartwell Real | PairCorr |
0.84 | BERHX | Carillon Chartwell Real | PairCorr |
0.71 | BERDX | Carillon Chartwell Mid | PairCorr |
0.68 | BERBX | Carillon Chartwell Mid | PairCorr |
0.73 | BERCX | Berwyn Cornerstone | PairCorr |
0.71 | BERAX | Carillon Chartwell Mid | PairCorr |
0.71 | HRCCX | Eagle Capital Apprec | PairCorr |
0.71 | HRCIX | Eagle Capital Apprec | PairCorr |
0.66 | HRAUX | Eagle Mid Cap | PairCorr |
0.69 | HRCPX | Eagle Capital Apprec | PairCorr |
0.69 | HRCUX | Eagle Capital Apprec | PairCorr |
0.74 | HRCVX | Eagle Growth Income | PairCorr |
Related Correlations Analysis
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
QLERX | 0.33 | 0.11 | (0.23) | (1.12) | 0.21 | 0.68 | 2.03 | |||
ASCLX | 0.24 | 0.11 | (0.31) | (1.45) | 0.00 | 0.62 | 1.71 | |||
PRMDX | 0.06 | 0.01 | 0.00 | 1.21 | 0.00 | 0.20 | 0.39 | |||
ATOAX | 0.02 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 0.30 | |||
BPIRX | 0.36 | 0.03 | (0.15) | 0.27 | 0.23 | 0.82 | 2.37 | |||
LSYIX | 0.15 | 0.05 | (0.57) | 0.48 | 0.00 | 0.74 | 1.38 | |||
QNZIX | 0.45 | 0.07 | (0.12) | 0.44 | 0.28 | 0.96 | 2.56 |