Scout Core Correlations

SCPZX Fund

USD 29.72 0.19 0.64%

The current 90-days correlation between Scout E Plus and T Rowe Price is 0.03 (i.e., Significant 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 Plus and DJI is 0.19 (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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scout E Plus. 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 nation.

Moving together with Scout Mutual Fund

0.73	HIGJX	Eagle Growth Income	Pair Corr
1.0	SCCIX	Scout E Bond	Pair Corr
0.95	SUBTX	Carillon Reams Uncon	Pair Corr
0.97	SUBDX	Carillon Reams Uncon	Pair Corr
0.96	SUBFX	Scout Unconstrained Bond	Pair Corr
0.97	SUBEX	Carillon Reams Uncon	Pair Corr
1.0	SCPEX	Carillon Reams Core	Pair Corr
1.0	SCPDX	Carillon Reams Core	Pair Corr
1.0	SCPWX	Carillon Reams Core	Pair Corr
0.61	BERHX	Carillon Chartwell Real	Pair Corr

Related Correlations Analysis

	PRDMX	RRMVX	TRZIX	RYAGX	TRSZX	RRMGX	BPSCX
PRDMX		0.83	0.89	-0.23	0.83	0.84	0.86	PRDMX
RRMVX	0.83		0.93	-0.56	0.66	0.99	0.97	RRMVX
TRZIX	0.89	0.93		-0.44	0.8	0.95	0.93	TRZIX
RYAGX	-0.23	-0.56	-0.44		-0.4	-0.54	-0.43	RYAGX
TRSZX	0.83	0.66	0.8	-0.4		0.69	0.65	TRSZX
RRMGX	0.84	0.99	0.95	-0.54	0.69		0.97	RRMGX
BPSCX	0.86	0.97	0.93	-0.43	0.65	0.97		BPSCX
	PRDMX	RRMVX	TRZIX	RYAGX	TRSZX	RRMGX	BPSCX

Click cells to compare fundamentals

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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

RRMGX	+ 0.99	RRMVX
BPSCX	+ 0.97	RRMVX
BPSCX	+ 0.97	RRMGX
RRMGX	+ 0.95	TRZIX
TRZIX	+ 0.93	RRMVX
BPSCX	+ 0.93	TRZIX

High negative correlations

RYAGX	- 0.56	RRMVX
RRMGX	- 0.54	RYAGX
RYAGX	- 0.44	TRZIX
BPSCX	- 0.43	RYAGX
TRSZX	- 0.4	RYAGX
RYAGX	- 0.23	PRDMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRDMX	1.08	(0.12)	0.00	(0.15)	0.00	0.00	1.68	(2.47)	8.70
RRMVX	0.75	(0.19)	0.00	(0.28)	0.00	0.00	1.21	(1.36)	13.26
TRZIX	0.87	(0.12)	0.00	(0.13)	0.00	0.00	1.69	(2.23)	6.18
RYAGX	1.26	0.13	0.04	0.31	2.80	(1.43)	1.48	(1.52)	39.49
TRSZX	0.90	(0.05)	0.00	(0.05)	0.00	0.00	1.63	(1.64)	6.12
RRMGX	0.80	(0.18)	0.00	(0.25)	0.00	0.00	1.33	(1.62)	12.00
BPSCX	0.91	(0.21)	0.00	(0.24)	0.00	0.00	1.51	(1.91)	14.47

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