Carillon Scout Correlations

Mutual Funds . USA . 
Fund . Carillon Scout Small
CSSJX Fund  USD 31.74  0.16  0.50%   
The current 90-days correlation between Carillon Scout Small and Global Technology Portfolio is 0.65 (i.e., Poor 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 poor diversification

The correlation between Carillon Scout Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Scout Small 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 Small. 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 inflation.

Moving together with Carillon Mutual Fund

  0.79CWFIX Chartwell Short DurationPairCorr
  0.63CWFCX Carillon Chartwell ShortPairCorr
  0.82CWFAX Chartwell Short DurationPairCorr
  0.79CWFRX Carillon Chartwell ShortPairCorr
  0.88HIGCX Eagle Growth IncomePairCorr
  0.88HIGJX Eagle Growth IncomePairCorr
  0.88HIGUX Eagle Growth IncomePairCorr
  0.96CWSIX Chartwell Small CapPairCorr
  0.95CWSGX Chartwell Small CapPairCorr
  0.96CWSHX Carillon Chartwell SmallPairCorr
  0.91CWSCX Carillon Chartwell SmallPairCorr
  0.95CWSAX Carillon Chartwell SmallPairCorr
  0.95CWSBX Carillon Chartwell SmallPairCorr
  0.96CWSWX Carillon Chartwell SmallPairCorr
  0.91CWSRX Columbia Large CapPairCorr
  0.93UMBMX Scout Mid CapPairCorr
  1.0UMBHX Scout Small CapPairCorr
  0.95BERDX Carillon Chartwell MidPairCorr
  0.95BERBX Carillon Chartwell MidPairCorr
  0.95BERCX Berwyn CornerstonePairCorr
  0.89HRCCX Eagle Capital ApprecPairCorr
  0.89HRCIX Eagle Capital ApprecPairCorr
  0.93HRAUX Eagle Mid CapPairCorr
  0.89HRCPX Eagle Capital ApprecPairCorr
  0.89HRCUX Eagle Capital ApprecPairCorr
  0.88HRCVX Eagle Growth IncomePairCorr
  0.98HRSCX Eagle Small CapPairCorr

Moving against Carillon Mutual Fund

  0.58SCPEX Carillon Reams CorePairCorr
  0.56SCPDX Carillon Reams CorePairCorr
  0.56SCPWX Carillon Reams CorePairCorr
  0.56SCPZX Scout E PlusPairCorr
  0.55SCCIX Scout E BondPairCorr
  0.41SUBEX Carillon Reams UnconPairCorr
  0.39SUBDX Carillon Reams UnconPairCorr
  0.34SUBFX Scout Unconstrained BondPairCorr
  0.33SUBTX Carillon Reams UnconPairCorr
  0.57CRCDX Carillon Reams CorePairCorr
  0.55CRCUX Carillon Reams CorePairCorr
  0.55CRCBX Carillon Reams CorePairCorr

Related Correlations Analysis

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.

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