Scout Small Correlations

UMBHX Fund

USD 26.63 0.24 0.89%

The current 90-days correlation between Scout Small Cap and Barings Active Short is -0.1 (i.e., Good diversification). The correlation of Scout Small 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 Small Correlation With Market

Very weak diversification

The correlation between Scout Small Cap and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Small Cap 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 Small Cap. 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 rate.

Moving together with Scout Mutual Fund

0.96	CWSGX	Chartwell Small Cap	Pair Corr
0.93	HRSCX	Eagle Small Cap	Pair Corr
0.84	VSGAX	Vanguard Small Cap	Pair Corr
0.94	VEXPX	Vanguard Explorer	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.75	JGMAX	Janus Triton	Pair Corr
0.77	JGMCX	Janus Triton	Pair Corr

Moving against Scout Mutual Fund

0.74	CWFIX	Chartwell Short Duration	Pair Corr
0.74	SCPEX	Carillon Reams Core	Pair Corr
0.73	SCPZX	Scout E Plus	Pair Corr
0.64	EISIX	Eagle International Stock	Pair Corr
0.6	EISVX	Eagle International Stock	Pair Corr
0.59	EISDX	Eagle International Stock	Pair Corr
0.59	EISAX	Eagle International Stock	Pair Corr
0.87	HIMZX	Virtus Low Duration	Pair Corr
0.81	RYUHX	Inverse Sp 500	Pair Corr
0.72	VTMGX	Vanguard Developed	Pair Corr
0.59	RIRFX	Capital Income Builder	Pair Corr
0.5	NHILX	Neuberger Berman High	Pair Corr
0.46	BRKRX	Mfs Blended Research	Pair Corr
0.45	PCCFX	Prudential Income Builder	Pair Corr
0.91	ASBFX	Short Term Bond	Pair Corr
0.89	FLRRX	Franklin Low Duration	Pair Corr

Related Correlations Analysis

	BXDCX	BBSCX	DMBAX	JAFWX	TAAQX	VSBIX
BXDCX		0.99	0.95	0.97	1.0	0.98	BXDCX
BBSCX	0.99		0.97	0.96	0.99	0.96	BBSCX
DMBAX	0.95	0.97		0.91	0.94	0.91	DMBAX
JAFWX	0.97	0.96	0.91		0.97	0.99	JAFWX
TAAQX	1.0	0.99	0.94	0.97		0.98	TAAQX
VSBIX	0.98	0.96	0.91	0.99	0.98		VSBIX
	BXDCX	BBSCX	DMBAX	JAFWX	TAAQX	VSBIX

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Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Small 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 Small'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
BXDCX	0.08	0.02	0.75	1.89	(0.15)	0.22	(0.11)	0.54
BBSCX	0.08	0.01	0.64	1.14	(0.17)	0.24	(0.12)	0.48
DMBAX	0.05	0.01	0.80	0.57	(0.10)	0.16	(0.08)	0.31
JAFWX	0.10	0.02	0.56	10.04	(0.15)	0.26	(0.17)	0.61
TAAQX	0.09	0.02	0.75	4.00	(0.15)	0.21	(0.10)	0.62
VSBIX	0.06	0.00	0.99	0.00	(0.08)	0.16	(0.12)	0.33

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