Scout Small Correlations

Mutual Funds . USA . 
Fund . Scout Small Cap
UMBHX Fund  USD 29.17  0.15  0.51%   
The current 90-days correlation between Scout Small Cap and Ab Bond Inflation is -0.02 (i.e., Good diversification). The correlation of Scout Small 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 Small Correlation With Market

Good diversification

The correlation between Scout Small Cap and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Small Cap 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 Small Cap. 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 rate.

Moving together with Scout Mutual Fund

  0.96CWFIX Chartwell Short DurationPairCorr
  0.97CWFCX Carillon Chartwell ShortPairCorr
  0.98CWFAX Chartwell Short DurationPairCorr
  0.97CWFRX Carillon Chartwell ShortPairCorr
  0.99HIGCX Eagle Growth IncomePairCorr
  0.97HIGJX Eagle Growth IncomePairCorr
  0.97HIGUX Eagle Growth IncomePairCorr
  0.95CWSHX Carillon Chartwell Small Potential GrowthPairCorr
  0.95CWSCX Carillon Chartwell Small Potential GrowthPairCorr
  1.0CWSAX Carillon Chartwell SmallPairCorr
  0.97CWSBX Carillon Chartwell SmallPairCorr
  0.95CWSWX Carillon Chartwell SmallPairCorr
  1.0CWSRX Columbia Large CapPairCorr
  0.69SCCIX Scout E BondPairCorr
  0.82SUBDX Carillon Reams UnconPairCorr
  0.83SUBFX Scout Unconstrained BondPairCorr
  0.81SUBEX Carillon Reams UnconPairCorr
  0.79SCPDX Carillon Reams CorePairCorr
  0.8SCPWX Carillon Reams CorePairCorr
  0.94UMBMX Scout Mid CapPairCorr
  0.94BERSX Carillon Chartwell RealPairCorr
  0.94BERIX Berwyn IncomePairCorr
  0.98BERCX Berwyn CornerstonePairCorr
  0.96HRCCX Eagle Capital ApprecPairCorr
  0.96HRCIX Eagle Capital ApprecPairCorr
  0.93HRAUX Eagle Mid CapPairCorr
  0.96HRCUX Eagle Capital ApprecPairCorr
  0.98HRSCX Eagle Small CapPairCorr
  0.93HAGCX Eagle Mid CapPairCorr
  0.95HSCCX Eagle Small CapPairCorr
  0.95HSIIX Eagle Small CapPairCorr
  0.94EISVX Eagle International StockPairCorr
  0.94EISIX Eagle International StockPairCorr
  0.95EISDX Eagle International StockPairCorr
  0.95EISAX Eagle International StockPairCorr
  0.96CSMUX Carillon Scout MidPairCorr
  0.97CSSVX Carillon Scout SmallPairCorr
  0.97CSSJX Carillon Scout SmallPairCorr
  0.97VSGAX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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