Carillon Chartwell Correlations

CWFRX Fund

9.56 0.01 0.10%

The current 90-days correlation between Carillon Chartwell Short and Scharf Global Opportunity is 0.47 (i.e., Very weak diversification). The correlation of Carillon Chartwell 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 Chartwell Correlation With Market

Weak diversification

The correlation between Carillon Chartwell Short and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell Short 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 Chartwell Short. 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 metropolitan statistical area.

Moving together with Carillon Mutual Fund

0.98	CWFIX	Chartwell Short Duration	Pair Corr
0.9	CWFCX	Carillon Chartwell Short	Pair Corr
0.99	CWFAX	Chartwell Short Duration	Pair Corr
0.83	HIGCX	Eagle Growth Income	Pair Corr
0.83	HIGJX	Eagle Growth Income	Pair Corr
0.83	HIGUX	Eagle Growth Income	Pair Corr
0.77	CWSIX	Chartwell Small Cap	Pair Corr
0.83	CWSGX	Chartwell Small Cap	Pair Corr
0.77	CWSHX	Carillon Chartwell Small	Pair Corr
0.74	CWSCX	Carillon Chartwell Small	Pair Corr
0.83	CWSAX	Carillon Chartwell Small	Pair Corr
0.83	CWSBX	Carillon Chartwell Small	Pair Corr
0.77	CWSWX	Carillon Chartwell Small	Pair Corr
0.8	CWSRX	Columbia Large Cap	Pair Corr
0.83	UMBMX	Scout Mid Cap	Pair Corr
0.79	UMBHX	Scout Small Cap	Pair Corr
0.69	BERSX	Carillon Chartwell Real	Pair Corr
0.68	BERIX	Berwyn Income	Pair Corr
0.66	BERGX	Carillon Chartwell Real	Pair Corr
0.75	BERDX	Carillon Chartwell Mid	Pair Corr
0.75	BERBX	Carillon Chartwell Mid	Pair Corr
0.78	BERCX	Berwyn Cornerstone	Pair Corr
0.8	HRCCX	Eagle Capital Apprec	Pair Corr
0.8	HRCIX	Eagle Capital Apprec	Pair Corr
0.82	HRAUX	Eagle Mid Cap	Pair Corr
0.8	HRCPX	Eagle Capital Apprec	Pair Corr
0.8	HRCUX	Eagle Capital Apprec	Pair Corr
0.83	HRCVX	Eagle Growth Income	Pair Corr
0.83	HRSCX	Eagle Small Cap	Pair Corr

Moving against Carillon Mutual Fund

0.38	SCPEX	Carillon Reams Core	Pair Corr
0.36	SCPDX	Carillon Reams Core	Pair Corr
0.35	SCPWX	Carillon Reams Core	Pair Corr
0.35	SCPZX	Scout E Plus	Pair Corr
0.34	SCCIX	Scout E Bond	Pair Corr
0.37	CRCDX	Carillon Reams Core	Pair Corr
0.35	CRCBX	Carillon Reams Core	Pair Corr
0.34	CRCUX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	WRLDX	FFCGX	VOLJX	LMUSX	TQAAX	ABVCX	CPUCX	FIJFX
WRLDX		0.83	0.77	0.78	0.88	0.81	-0.34	0.73	WRLDX
FFCGX	0.83		0.66	0.77	0.82	0.74	-0.41	0.89	FFCGX
VOLJX	0.77	0.66		0.85	0.8	0.83	-0.35	0.63	VOLJX
LMUSX	0.78	0.77	0.85		0.91	0.98	-0.72	0.71	LMUSX
TQAAX	0.88	0.82	0.8	0.91		0.9	-0.57	0.67	TQAAX
ABVCX	0.81	0.74	0.83	0.98	0.9		-0.69	0.7	ABVCX
CPUCX	-0.34	-0.41	-0.35	-0.72	-0.57	-0.69		-0.37	CPUCX
FIJFX	0.73	0.89	0.63	0.71	0.67	0.7	-0.37		FIJFX
	WRLDX	FFCGX	VOLJX	LMUSX	TQAAX	ABVCX	CPUCX	FIJFX

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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

ABVCX	+ 0.98	LMUSX
TQAAX	+ 0.91	LMUSX
ABVCX	+ 0.9	TQAAX
FIJFX	+ 0.89	FFCGX
TQAAX	+ 0.88	WRLDX
LMUSX	+ 0.85	VOLJX

High negative correlations

CPUCX	- 0.72	LMUSX
CPUCX	- 0.69	ABVCX
CPUCX	- 0.57	TQAAX
CPUCX	- 0.41	FFCGX
FIJFX	- 0.37	CPUCX
CPUCX	- 0.35	VOLJX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Chartwell 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 Chartwell'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WRLDX	0.49	(0.02)	(0.12)	0.08	0.45	(0.56)	0.92	(0.97)	2.75
FFCGX	0.56	(0.05)	(0.11)	0.05	0.70	(0.61)	1.26	(1.23)	3.41
VOLJX	0.77	0.08	(0.03)	(1.68)	1.23	(0.73)	1.47	(2.02)	4.97
LMUSX	0.60	0.13	0.03	3.24	0.72	(0.68)	1.28	(1.49)	4.08
TQAAX	0.82	(0.03)	0.00	0.09	0.98	(0.85)	1.75	(1.51)	6.10
ABVCX	0.54	0.13	0.04	6.64	0.28	(0.68)	1.09	(0.80)	3.88
CPUCX	0.25	(0.02)	0.00	0.46	0.00	0.00	0.44	(0.54)	1.29
FIJFX	0.76	0.04	(0.07)	4.99	0.88	(0.82)	1.63	(1.48)	4.27

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