Carillon Chartwell Correlations

BERHX Fund

14.13 0.02 0.14%

The current 90-days correlation between Carillon Chartwell Real and Prudential Qma Large Cap is 0.41 (i.e., Very weak diversification). The correlation of Carillon Chartwell 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.

Carillon Chartwell Correlation With Market

Weak diversification

The correlation between Carillon Chartwell Real and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell Real and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carillon Chartwell Real. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Carillon Mutual Fund

0.62	VIPSX	Vanguard Inflation-protec	Pair Corr
0.63	VAIPX	Vanguard Inflation	Pair Corr
0.65	FLIBX	American Funds Inflation	Pair Corr
0.64	FIBLX	American Funds Inflation	Pair Corr
0.61	BFIFX	American Funds Inflation	Pair Corr
0.66	FSTDX	Fidelity Series 5	Pair Corr
0.65	PARRX	Real Return Fund	Pair Corr
0.75	IBM	International Business	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.84	INTC	Intel Aggressive Push	Pair Corr

Moving against Carillon Mutual Fund

0.76	T	ATT Inc	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.6	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.56	BA	Boeing	Pair Corr
0.51	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PTEZX	RCLIX	CMIFX	FCLKX	DLQIX	LMUSX
PTEZX		0.95	0.64	0.98	0.96	0.98	PTEZX
RCLIX	0.95		0.43	0.92	0.93	0.94	RCLIX
CMIFX	0.64	0.43		0.65	0.58	0.63	CMIFX
FCLKX	0.98	0.92	0.65		0.94	0.95	FCLKX
DLQIX	0.96	0.93	0.58	0.94		0.92	DLQIX
LMUSX	0.98	0.94	0.63	0.95	0.92		LMUSX
	PTEZX	RCLIX	CMIFX	FCLKX	DLQIX	LMUSX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Chartwell 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 Carillon Chartwell'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
PTEZX	0.57	0.03	0.03	0.06	0.90	(0.53)	1.15	(1.15)	3.53
RCLIX	0.47	0.01	0.01	0.03	0.70	(0.47)	1.07	(0.98)	3.19
CMIFX	0.05	0.01	(0.10)	1.25	0.00	(0.10)	0.10	(0.10)	0.21
FCLKX	0.55	0.03	0.03	0.05	0.89	(0.49)	1.14	(1.34)	3.46
DLQIX	0.58	0.02	0.02	0.04	0.85	(0.56)	1.14	(1.22)	3.70
LMUSX	0.56	0.05	0.05	0.07	0.78	(0.51)	1.25	(1.38)	3.59

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