Carillon Chartwell Correlations

CWSWX Fund

14.05 0.28 2.03%

The current 90-days correlation between Carillon Chartwell Small and Chartwell Short Duration is -0.04 (i.e., Good 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

Good diversification

The correlation between Carillon Chartwell Small and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell 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 Chartwell 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 housing.

Moving together with Carillon Mutual Fund

0.88	HIGCX	Eagle Growth Income	Pair Corr
0.88	HIGUX	Eagle Growth Income	Pair Corr
0.94	CWSIX	Chartwell Small Cap	Pair Corr
1.0	CWSHX	Carillon Chartwell Small	Pair Corr
1.0	CWSCX	Carillon Chartwell Small	Pair Corr
0.63	CWSAX	Carillon Chartwell Small	Pair Corr
0.63	CWSBX	Carillon Chartwell Small	Pair Corr
0.84	UMBMX	Scout Mid Cap	Pair Corr
0.83	UMBHX	Scout Small Cap	Pair Corr
0.97	BERDX	Carillon Chartwell Mid	Pair Corr
0.97	BERBX	Carillon Chartwell Mid	Pair Corr
0.9	BERCX	Berwyn Cornerstone	Pair Corr
0.9	BERAX	Carillon Chartwell Mid	Pair Corr
0.84	HRCCX	Eagle Capital Apprec	Pair Corr
0.84	HRCIX	Eagle Capital Apprec	Pair Corr
0.71	HRAUX	Eagle Mid Cap	Pair Corr
0.84	HRCPX	Eagle Capital Apprec	Pair Corr
0.84	HRCUX	Eagle Capital Apprec	Pair Corr
0.88	HRCVX	Eagle Growth Income	Pair Corr

Moving against Carillon Mutual Fund

0.7	CWFIX	Chartwell Short Duration	Pair Corr
0.7	CWFRX	Carillon Chartwell Short	Pair Corr
0.69	CWFAX	Chartwell Short Duration	Pair Corr
0.65	CWFCX	Carillon Chartwell Short	Pair Corr
0.41	SCCIX	Scout E Bond	Pair Corr
0.69	BERSX	Carillon Chartwell Real	Pair Corr
0.69	BERIX	Berwyn Income	Pair Corr
0.68	BERHX	Carillon Chartwell Real	Pair Corr
0.66	BERGX	Carillon Chartwell Real	Pair Corr
0.52	SUBTX	Carillon Reams Uncon	Pair Corr
0.52	SUBFX	Scout Unconstrained Bond	Pair Corr
0.51	SUBDX	Carillon Reams Uncon	Pair Corr
0.49	SUBEX	Carillon Reams Uncon	Pair Corr
0.46	SCPWX	Carillon Reams Core	Pair Corr
0.46	SCPZX	Scout E Plus	Pair Corr
0.45	SCPDX	Carillon Reams Core	Pair Corr
0.43	SCPEX	Carillon Reams Core	Pair Corr
0.44	CRCUX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX
CWFIX		0.98	0.98	0.98	-0.51	0.16	-0.5	-0.68	-0.71	-0.71	CWFIX
CWFCX	0.98		0.99	0.99	-0.47	0.17	-0.46	-0.64	-0.7	-0.66	CWFCX
CWFAX	0.98	0.99		1.0	-0.51	0.11	-0.5	-0.67	-0.75	-0.69	CWFAX
CWFRX	0.98	0.99	1.0		-0.51	0.13	-0.5	-0.68	-0.74	-0.7	CWFRX
HIGCX	-0.51	-0.47	-0.51	-0.51		0.29	1.0	0.95	0.63	0.88	HIGCX
HIGJX	0.16	0.17	0.11	0.13	0.29		0.28	0.02	0.49	-0.01	HIGJX
HIGUX	-0.5	-0.46	-0.5	-0.5	1.0	0.28		0.95	0.62	0.88	HIGUX
CWSIX	-0.68	-0.64	-0.67	-0.68	0.95	0.02	0.95		0.61	0.94	CWSIX
CWSGX	-0.71	-0.7	-0.75	-0.74	0.63	0.49	0.62	0.61		0.58	CWSGX
CWSHX	-0.71	-0.66	-0.69	-0.7	0.88	-0.01	0.88	0.94	0.58		CWSHX
	CWFIX	CWFCX	CWFAX	CWFRX	HIGCX	HIGJX	HIGUX	CWSIX	CWSGX	CWSHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CWFRX	+ 1.0	CWFAX
HIGUX	+ 1.0	HIGCX
CWFAX	+ 0.99	CWFCX
CWFRX	+ 0.99	CWFCX
CWFCX	+ 0.98	CWFIX
CWFAX	+ 0.98	CWFIX

High negative correlations

CWSGX	- 0.75	CWFAX
CWSGX	- 0.74	CWFRX
CWSHX	- 0.71	CWFIX
CWSGX	- 0.71	CWFIX
CWSHX	- 0.7	CWFRX
CWSGX	- 0.7	CWFCX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFIX	0.08	0.01	0.06	0.19	(0.12)	0.11	(0.11)	0.53
CWFCX	0.08	0.01	0.03	(0.65)	(0.12)	0.11	(0.21)	0.53
CWFAX	0.07	0.01	0.05	(0.64)	(0.12)	0.11	(0.11)	0.53
CWFRX	0.08	0.01	0.07	(0.71)	(0.12)	0.11	(0.11)	0.53
HIGCX	0.92	(0.25)	0.00	(0.23)	0.00	1.17	(1.71)	15.04
HIGJX	0.70	(0.05)	0.00	(0.06)	0.00	1.19	(1.59)	3.11
HIGUX	0.92	(0.25)	0.00	(0.23)	0.00	1.19	(1.66)	15.30
CWSIX	1.38	(0.61)	0.00	(0.38)	0.00	1.47	(1.95)	30.18
CWSGX	1.32	(0.22)	0.00	(0.17)	0.00	2.23	(3.78)	7.77
CWSHX	1.39	(0.62)	0.00	5.83	0.00	1.47	(1.95)	30.01

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