Scout Core Correlations

Mutual Funds . USA . 
Fund . Scout E Plus
SCPZX Fund  USD 29.78  0.03  0.10%   
The current 90-days correlation between Scout E Plus and Wesmark Government Bond 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 0.14 (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

  0.83CWFIX Chartwell Short DurationPairCorr
  0.95SCCIX Scout E BondPairCorr
  0.99SUBDX Carillon Reams UnconPairCorr
  1.0SCPEX Carillon Reams CorePairCorr
  0.8BERIX Berwyn IncomePairCorr
  0.85EISVX Eagle International StockPairCorr
  0.85EISIX Eagle International StockPairCorr
  0.85EISDX Eagle International StockPairCorr
  0.85EISAX Eagle International StockPairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.95MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.95PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.96DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr

Moving against Scout Mutual Fund

  0.71CWSGX Chartwell Small CapPairCorr
  0.59UMBHX Scout Small CapPairCorr
  0.53HAGCX Eagle Mid CapPairCorr
  0.52HAGIX Eagle Mid CapPairCorr
  0.51HAGAX Eagle Mid CapPairCorr
  0.48HRCCX Eagle Capital ApprecPairCorr
  0.48HRCIX Eagle Capital ApprecPairCorr
  0.48HRCPX Eagle Capital ApprecPairCorr
  0.48HRCUX Eagle Capital ApprecPairCorr
  0.44HSCCX Eagle Small CapPairCorr
  0.43HRSCX Eagle Small CapPairCorr
  0.43HSIIX Eagle Small CapPairCorr
  0.43HSRUX Eagle Small CapPairCorr
  0.61CSSVX Carillon Scout SmallPairCorr
  0.44VSMPX Vanguard Total StockPairCorr
  0.44VSTSX Vanguard Total StockPairCorr
  0.44VITSX Vanguard Total StockPairCorr
  0.4VTSAX Vanguard Total StockPairCorr
  0.4VTSMX Vanguard Total StockPairCorr
  0.4VFFSX Vanguard 500 IndexPairCorr
  0.36VFIAX Vanguard 500 IndexPairCorr
  0.36VFINX Vanguard 500 IndexPairCorr
  0.34CSMFX Carillon Scout MidPairCorr
  0.33CSMUX Carillon Scout MidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY