Scout Mid Correlations

Mutual Funds . USA . 
Fund . Scout Mid Cap
UMBMX Fund  USD 25.42  0.17  0.67%   
The current 90-days correlation between Scout Mid Cap and Aquila Three Peaks is -0.1 (i.e., Good diversification). The correlation of Scout Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Scout Mid Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Mid 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 Mid 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 population.

Moving together with Scout Mutual Fund

  0.95CWFIX Chartwell Short DurationPairCorr
  0.95CWFCX Carillon Chartwell ShortPairCorr
  0.95CWFAX Chartwell Short DurationPairCorr
  0.95CWFRX Carillon Chartwell ShortPairCorr
  0.96HIGCX Eagle Growth IncomePairCorr
  0.97HIGJX Eagle Growth IncomePairCorr
  0.97HIGUX Eagle Growth IncomePairCorr
  0.96CWSIX Chartwell Small CapPairCorr
  0.96CWSGX Chartwell Small CapPairCorr
  0.94CWSHX Carillon Chartwell SmallPairCorr
  0.96CWSCX Carillon Chartwell SmallPairCorr
  0.95CWSAX Carillon Chartwell SmallPairCorr
  0.95CWSBX Carillon Chartwell SmallPairCorr
  0.94CWSWX Carillon Chartwell SmallPairCorr
  0.95CWSRX Columbia Large CapPairCorr
  0.72SUBTX Carillon Reams UnconPairCorr
  0.71SUBDX Carillon Reams UnconPairCorr
  0.72SUBFX Scout Unconstrained BondPairCorr
  0.7SUBEX Carillon Reams UnconPairCorr
  0.64SCPEX Carillon Reams CorePairCorr
  0.67SCPDX Carillon Reams CorePairCorr
  0.68SCPWX Carillon Reams CorePairCorr
  0.67SCPZX Scout E PlusPairCorr
  0.94UMBHX Scout Small CapPairCorr
  0.9BERSX Carillon Chartwell RealPairCorr
  0.91BERIX Berwyn IncomePairCorr
  0.91BERGX Carillon Chartwell RealPairCorr
  0.9BERHX Carillon Chartwell RealPairCorr
  0.97BERDX Carillon Chartwell MidPairCorr
  0.95BERBX Carillon Chartwell MidPairCorr
  0.98BERCX Berwyn CornerstonePairCorr
  0.97BERAX Carillon Chartwell MidPairCorr
  0.99HRCCX Eagle Capital ApprecPairCorr
  0.99HRCIX Eagle Capital ApprecPairCorr
  0.99HRAUX Eagle Mid CapPairCorr
  0.98HRCPX Eagle Capital ApprecPairCorr
  0.98HRCUX Eagle Capital ApprecPairCorr
  0.96HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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