Scout Small Correlations

Mutual Funds . USA . 
Fund . Scout Small Cap
UMBHX Fund  USD 28.19  0.37  1.33%   
The current 90-days correlation between Scout Small Cap and Metropolitan West Ultra is 0.03 (i.e., Significant 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 0.43 (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

  0.94HIGCX Eagle Growth IncomePairCorr
  0.94HIGUX Eagle Growth IncomePairCorr
  0.96CWSIX Chartwell Small CapPairCorr
  0.96CWSGX Chartwell Small CapPairCorr
  0.96CWSHX Carillon Chartwell SmallPairCorr
  0.96CWSCX Carillon Chartwell SmallPairCorr
  0.96CWSAX Carillon Chartwell SmallPairCorr
  0.96CWSBX Carillon Chartwell SmallPairCorr
  0.96CWSWX Carillon Chartwell SmallPairCorr
  0.96CWSRX Columbia Large CapPairCorr
  0.95UMBMX Scout Mid CapPairCorr
  0.95BERDX Carillon Chartwell MidPairCorr
  0.96BERBX Carillon Chartwell MidPairCorr
  0.95BERCX Berwyn CornerstonePairCorr
  0.91HRCCX Eagle Capital ApprecPairCorr
  0.91HRCIX Eagle Capital ApprecPairCorr
  0.95HRAUX Eagle Mid CapPairCorr
  0.91HRCPX Eagle Capital ApprecPairCorr
  0.91HRCUX Eagle Capital ApprecPairCorr
  0.94HRCVX Eagle Growth IncomePairCorr
  0.97HRSCX Eagle Small CapPairCorr
  0.95HAGIX Eagle Mid CapPairCorr
  0.95HAGAX Eagle Mid CapPairCorr

Moving against Scout Mutual Fund

  0.64CWFAX Chartwell Short DurationPairCorr
  0.64CWFRX Carillon Chartwell ShortPairCorr
  0.63CWFIX Chartwell Short DurationPairCorr
  0.61CWFCX Carillon Chartwell ShortPairCorr
  0.33BERSX Carillon Chartwell RealPairCorr

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 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.

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