Carillon Scout Correlations

CSMUX Fund

USD 23.65 0.04 0.17%

The current 90-days correlation between Carillon Scout Mid and Ishares Russell 2000 is 0.47 (i.e., Very weak diversification). The correlation of Carillon Scout 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 Scout Correlation With Market

Very weak diversification

The correlation between Carillon Scout Mid and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Scout Mid 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 Scout Mid. 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 employment.

Moving together with Carillon Mutual Fund

1.0	HIGCX	Eagle Growth Income	Pair Corr
0.99	HIGUX	Eagle Growth Income	Pair Corr
0.98	CWSIX	Chartwell Small Cap	Pair Corr
0.89	CWSGX	Chartwell Small Cap	Pair Corr
0.98	CWSHX	Carillon Chartwell Small	Pair Corr
0.98	CWSCX	Carillon Chartwell Small	Pair Corr
0.89	CWSAX	Carillon Chartwell Small	Pair Corr
0.89	CWSBX	Carillon Chartwell Small	Pair Corr
0.98	CWSWX	Carillon Chartwell Small	Pair Corr
0.89	CWSRX	Columbia Large Cap	Pair Corr
1.0	UMBMX	Scout Mid Cap	Pair Corr
0.95	UMBHX	Scout Small Cap	Pair Corr
0.99	BERDX	Carillon Chartwell Mid	Pair Corr
0.99	BERBX	Carillon Chartwell Mid	Pair Corr
0.99	BERCX	Berwyn Cornerstone	Pair Corr
0.99	BERAX	Carillon Chartwell Mid	Pair Corr
0.94	HRCCX	Eagle Capital Apprec	Pair Corr
0.93	HRCIX	Eagle Capital Apprec	Pair Corr
0.98	HRAUX	Eagle Mid Cap	Pair Corr
0.93	HRCPX	Eagle Capital Apprec	Pair Corr
0.93	HRCUX	Eagle Capital Apprec	Pair Corr
1.0	HRCVX	Eagle Growth Income	Pair Corr

Moving against Carillon Mutual Fund

0.52	CWFRX	Carillon Chartwell Short	Pair Corr
0.51	CWFAX	Chartwell Short Duration	Pair Corr
0.5	CWFIX	Chartwell Short Duration	Pair Corr
0.5	CWFCX	Carillon Chartwell Short	Pair Corr

Related Correlations Analysis

	BDBPX	BPSCX	RPTIX	TRMIX	TRZIX	FCPVX	TRSZX	RRMGX
BDBPX		0.95	0.97	0.95	1.0	0.93	0.78	0.97	BDBPX
BPSCX	0.95		0.96	0.97	0.93	0.83	0.65	0.97	BPSCX
RPTIX	0.97	0.96		0.98	0.96	0.87	0.71	1.0	RPTIX
TRMIX	0.95	0.97	0.98		0.93	0.83	0.66	0.99	TRMIX
TRZIX	1.0	0.93	0.96	0.93		0.94	0.8	0.95	TRZIX
FCPVX	0.93	0.83	0.87	0.83	0.94		0.89	0.85	FCPVX
TRSZX	0.78	0.65	0.71	0.66	0.8	0.89		0.69	TRSZX
RRMGX	0.97	0.97	1.0	0.99	0.95	0.85	0.69		RRMGX
	BDBPX	BPSCX	RPTIX	TRMIX	TRZIX	FCPVX	TRSZX	RRMGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Scout 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 Scout'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BDBPX	0.88	(0.13)	(0.15)	1.68	(2.21)	6.18
BPSCX	0.91	(0.21)	(0.24)	1.51	(1.91)	14.47
RPTIX	0.78	(0.16)	(0.23)	1.34	(1.63)	10.90
TRMIX	0.75	(0.19)	(0.27)	1.21	(1.35)	12.98
TRZIX	0.87	(0.12)	(0.13)	1.69	(2.23)	6.18
FCPVX	0.73	(0.08)	(0.09)	1.53	(1.70)	5.52
TRSZX	0.90	(0.05)	(0.05)	1.63	(1.64)	6.12
RRMGX	0.80	(0.18)	(0.25)	1.33	(1.62)	12.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC