Carillon Reams Correlations

CRCDX Fund

USD 10.72 0.02 0.19%

The current 90-days correlation between Carillon Reams Core and Blackrock Science Technology is -0.05 (i.e., Good diversification). The correlation of Carillon Reams 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.

Carillon Reams Correlation With Market

Average diversification

The correlation between Carillon Reams Core and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Reams Core and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carillon Reams Core. 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 unemployment.

Moving together with Carillon Mutual Fund

0.83	CWFIX	Chartwell Short Duration	Pair Corr
0.83	CWFCX	Carillon Chartwell Short	Pair Corr
0.84	CWFAX	Chartwell Short Duration	Pair Corr
0.82	CWFRX	Carillon Chartwell Short	Pair Corr
1.0	SCCIX	Scout E Bond	Pair Corr
0.97	SUBTX	Carillon Reams Uncon	Pair Corr
0.98	SUBDX	Carillon Reams Uncon	Pair Corr
0.97	SUBFX	Scout Unconstrained Bond	Pair Corr
0.98	SUBEX	Carillon Reams Uncon	Pair Corr
1.0	SCPEX	Carillon Reams Core	Pair Corr
1.0	SCPDX	Carillon Reams Core	Pair Corr
1.0	SCPWX	Carillon Reams Core	Pair Corr
1.0	SCPZX	Scout E Plus	Pair Corr
0.8	BERSX	Carillon Chartwell Real	Pair Corr
0.79	BERIX	Berwyn Income	Pair Corr
0.79	BERGX	Carillon Chartwell Real	Pair Corr
0.79	BERHX	Carillon Chartwell Real	Pair Corr

Moving against Carillon Mutual Fund

0.77	CWSGX	Chartwell Small Cap	Pair Corr
0.77	CWSAX	Carillon Chartwell Small	Pair Corr
0.77	CWSBX	Carillon Chartwell Small	Pair Corr
0.77	CWSRX	Columbia Large Cap	Pair Corr
0.68	UMBHX	Scout Small Cap	Pair Corr
0.39	UMBMX	Scout Mid Cap	Pair Corr
0.36	CWSHX	Carillon Chartwell Small	Pair Corr
0.35	CWSIX	Chartwell Small Cap	Pair Corr
0.35	CWSCX	Carillon Chartwell Small	Pair Corr
0.35	CWSWX	Carillon Chartwell Small	Pair Corr
0.34	BERDX	Carillon Chartwell Mid	Pair Corr
0.69	CSSJX	Carillon Scout Small	Pair Corr
0.68	CSSVX	Carillon Scout Small	Pair Corr
0.68	CSSAX	Carillon Scout Small	Pair Corr
0.59	HRAUX	Eagle Mid Cap	Pair Corr
0.59	HAGIX	Eagle Mid Cap	Pair Corr
0.59	HAGAX	Eagle Mid Cap	Pair Corr
0.59	HAGCX	Eagle Mid Cap	Pair Corr
0.53	HRCCX	Eagle Capital Apprec	Pair Corr
0.53	HRCIX	Eagle Capital Apprec	Pair Corr

Related Correlations Analysis

	BSTSX	NWHOX	JAGTX	TOWTX	WSTRX	SBHIX	CONIX
BSTSX		0.83	1.0	0.86	0.96	-0.21	0.93	BSTSX
NWHOX	0.83		0.83	0.76	0.81	-0.11	0.86	NWHOX
JAGTX	1.0	0.83		0.88	0.96	-0.18	0.93	JAGTX
TOWTX	0.86	0.76	0.88		0.93	0.17	0.88	TOWTX
WSTRX	0.96	0.81	0.96	0.93		0.02	0.93	WSTRX
SBHIX	-0.21	-0.11	-0.18	0.17	0.02		0.0	SBHIX
CONIX	0.93	0.86	0.93	0.88	0.93	0.0		CONIX
	BSTSX	NWHOX	JAGTX	TOWTX	WSTRX	SBHIX	CONIX

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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

JAGTX	+ 1.0	BSTSX
WSTRX	+ 0.96	BSTSX
WSTRX	+ 0.96	JAGTX
CONIX	+ 0.93	BSTSX
CONIX	+ 0.93	JAGTX
WSTRX	+ 0.93	TOWTX

High negative correlations

SBHIX	- 0.21	BSTSX
SBHIX	- 0.18	JAGTX
SBHIX	- 0.11	NWHOX
CONIX	- 0.0	SBHIX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Reams 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 Carillon Reams' 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
BSTSX	1.48	(0.10)	0.00	(0.16)	0.00	0.00	2.37	(3.69)	9.07
NWHOX	1.50	(0.29)	0.00	(0.44)	0.00	0.00	2.08	(3.60)	14.43
JAGTX	1.18	(0.07)	0.00	(0.14)	0.00	0.00	2.00	(3.18)	6.40
TOWTX	0.69	(0.05)	0.00	(0.13)	0.00	0.00	1.31	(1.85)	4.10
WSTRX	1.34	(0.06)	0.00	(0.12)	0.00	0.00	2.01	(3.60)	7.04
SBHIX	0.63	0.03	0.09	0.00	0.74	(0.68)	1.20	(1.17)	3.37
CONIX	0.62	(0.06)	0.00	(0.19)	0.00	0.00	1.18	(1.47)	3.04

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