Scout Mid Correlations

UMBMX Fund

USD 22.70 0.09 0.39%

The current 90-days correlation between Scout Mid Cap and Barings Emerging Markets is -0.19 (i.e., Good diversification). The correlation of Scout Mid 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 Mid Correlation With Market

Significant diversification

The correlation between Scout Mid Cap and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Mid 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 Mid 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 population.

Moving together with Scout Mutual Fund

0.7	HIGCX	Eagle Growth Income	Pair Corr
0.96	HIGUX	Eagle Growth Income	Pair Corr
0.88	CWSIX	Chartwell Small Cap	Pair Corr
0.65	CWSHX	Carillon Chartwell Small	Pair Corr
0.65	CWSCX	Carillon Chartwell Small	Pair Corr
0.63	CWSAX	Carillon Chartwell Small	Pair Corr
0.63	CWSBX	Carillon Chartwell Small	Pair Corr
0.65	CWSWX	Carillon Chartwell Small	Pair Corr
0.61	CWSRX	Columbia Large Cap	Pair Corr
0.67	UMBHX	Scout Small Cap	Pair Corr
0.73	BERDX	Carillon Chartwell Mid	Pair Corr
0.73	BERCX	Berwyn Cornerstone	Pair Corr
0.97	HRCCX	Eagle Capital Apprec	Pair Corr
0.74	HRCIX	Eagle Capital Apprec	Pair Corr
0.75	HRAUX	Eagle Mid Cap	Pair Corr
0.74	HRCPX	Eagle Capital Apprec	Pair Corr
0.74	HRCUX	Eagle Capital Apprec	Pair Corr
0.7	HRCVX	Eagle Growth Income	Pair Corr
0.74	HRSCX	Eagle Small Cap	Pair Corr

Moving against Scout Mutual Fund

0.38	SCCIX	Scout E Bond	Pair Corr
0.38	SUBTX	Carillon Reams Uncon	Pair Corr
0.34	CWFAX	Chartwell Short Duration	Pair Corr
0.33	CWFIX	Chartwell Short Duration	Pair Corr
0.33	CWFRX	Carillon Chartwell Short	Pair Corr
0.5	SUBDX	Carillon Reams Uncon	Pair Corr
0.39	SUBFX	Scout Unconstrained Bond	Pair Corr
0.38	SCPEX	Carillon Reams Core	Pair Corr
0.38	SCPDX	Carillon Reams Core	Pair Corr
0.38	SCPWX	Carillon Reams Core	Pair Corr
0.38	SCPZX	Scout E Plus	Pair Corr
0.37	SUBEX	Carillon Reams Uncon	Pair Corr
0.49	CRCUX	Carillon Reams Core	Pair Corr
0.46	CRCDX	Carillon Reams Core	Pair Corr
0.37	CRCBX	Carillon Reams Core	Pair Corr

Related Correlations Analysis

	BXECX	PACEX	DODLX	FCNBX	TBHDX	LFLCX	GMDFX
BXECX		0.8	0.82	0.96	0.71	0.8	0.74	BXECX
PACEX	0.8		0.96	0.75	0.91	0.95	0.93	PACEX
DODLX	0.82	0.96		0.8	0.93	0.95	0.92	DODLX
FCNBX	0.96	0.75	0.8		0.71	0.77	0.69	FCNBX
TBHDX	0.71	0.91	0.93	0.71		0.87	0.83	TBHDX
LFLCX	0.8	0.95	0.95	0.77	0.87		0.96	LFLCX
GMDFX	0.74	0.93	0.92	0.69	0.83	0.96		GMDFX
	BXECX	PACEX	DODLX	FCNBX	TBHDX	LFLCX	GMDFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Mid 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 Mid'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
BXECX	0.19	0.07	0.56	1.35	0.00	(0.33)	0.69	(0.27)	1.21
PACEX	0.12	0.01	0.45	(0.32)	0.00	(0.20)	0.33	(0.22)	0.76
DODLX	0.24	0.03	0.28	0.24	0.24	(0.28)	0.56	(0.56)	1.52
FCNBX	0.27	0.09	0.45	0.88	0.00	(0.35)	0.83	(0.50)	1.48
TBHDX	0.55	0.12	0.24	0.28	0.54	(0.66)	1.29	(1.26)	4.47
LFLCX	0.18	0.00	0.31	(0.43)	0.16	(0.22)	0.43	(0.33)	0.98
GMDFX	0.23	0.03	0.31	(3.14)	0.21	(0.27)	0.60	(0.40)	1.50

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