Scout Core Correlations

Mutual Funds . USA . 
Fund . Scout E Bond
SCCIX Fund  USD 10.79  0.07  0.65%   
The current 90-days correlation between Scout E Bond and Seix Govt Sec is 0.22 (i.e., Modest diversification). The correlation of Scout Core 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.

Scout Core Correlation With Market

Average diversification

The correlation between Scout E Bond and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scout E Bond. 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 gross domestic product.

Moving together with Scout Mutual Fund

  0.91VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.77XDSMX Dreyfus StrategicPairCorr
  0.75XNXJX Nuveen New JerseyPairCorr
  0.86NXJ Nuveen New JerseyPairCorr
  0.62PCF Putnam High IncomePairCorr
  0.79XNBHX Neuberger Berman IntPairCorr
  0.65MISAX Victory TrivalentPairCorr
  0.77DIEFX Destinations InternationalPairCorr
  0.82PDVAX Diversified IncomePairCorr
  0.85REIFX Rems International RealPairCorr
  0.62PBBIX Fundvantage TrustPairCorr
  0.62TIERX Tiaa Cref InternationalPairCorr
  0.62BSIIX Blackrock StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Core 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 Scout Core'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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