Scout E Correlations
| SCPYXDelisted Fund | USD 29.88 0.00 0.00% |
The current 90-days correlation between Scout E Plus and American Funds Strategic is -0.07 (i.e., Good diversification). The correlation of Scout E 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 E Correlation With Market
Average diversification
The correlation between Scout E Plus and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Plus and DJI in the same portfolio, assuming nothing else is changed.
Scout |
Moving against Scout Mutual Fund
| 0.52 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.67 | DIS | Walt Disney | PairCorr |
| 0.55 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.53 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.51 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.5 | WMT | Walmart | PairCorr |
| 0.48 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| 0.38 | 0.89 | 0.44 | 0.92 | ANBEX | ||
| 0.38 | 0.15 | 0.72 | 0.19 | SCCYX | ||
| 0.89 | 0.15 | 0.15 | 0.99 | DLFNX | ||
| 0.44 | 0.72 | 0.15 | 0.21 | SUBYX | ||
| 0.92 | 0.19 | 0.99 | 0.21 | TGMNX | ||
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Risk-Adjusted Indicators
There is a big difference between Scout Mutual Fund performing well and Scout E 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 E'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANBEX | 0.23 | (0.05) | 0.00 | (0.63) | 0.00 | 0.66 | 1.67 | |||
| SCCYX | 0.37 | (0.01) | 0.00 | (0.20) | 0.00 | 0.65 | 1.75 | |||
| DLFNX | 0.20 | (0.03) | 0.00 | (0.40) | 0.00 | 0.44 | 1.21 | |||
| SUBYX | 0.25 | (0.02) | 0.00 | (0.14) | 0.00 | 0.50 | 2.16 | |||
| TGMNX | 0.30 | (0.04) | 0.00 | (0.40) | 0.00 | 0.63 | 2.00 |
Scout E Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Scout E mutual fund to make a market-neutral strategy. Peer analysis of Scout E could also be used in its relative valuation, which is a method of valuing Scout E by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Scout E Plus?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.