Scout Core Correlations

Mutual Funds . USA . 
Fund . Scout E Bond
SCCIX Fund  USD 10.68  0.02  0.19%   
The current 90-days correlation between Scout E Bond and Auer Growth Fund is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Scout E Bond and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Bond 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 Bond. 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 gross domestic product.

Moving together with Scout Mutual Fund

  0.75CWFIX Chartwell Short DurationPairCorr
  0.67HIGCX Eagle Growth IncomePairCorr
  0.71CWSGX Chartwell Small CapPairCorr
  0.7CWSBX Carillon Chartwell SmallPairCorr
  0.67CWSRX Columbia Large CapPairCorr
  0.9SUBTX Carillon Reams UnconPairCorr
  0.91SUBDX Carillon Reams UnconPairCorr
  0.76SUBFX Scout Unconstrained BondPairCorr
  0.9SUBEX Carillon Reams UnconPairCorr
  0.88SCPEX Carillon Reams CorePairCorr
  0.91SCPDX Carillon Reams CorePairCorr
  0.91SCPWX Carillon Reams CorePairCorr
  0.91SCPZX Scout E PlusPairCorr
  0.71UMBHX Scout Small CapPairCorr
  0.75BERSX Carillon Chartwell RealPairCorr
  0.77BERGX Carillon Chartwell RealPairCorr
  0.77BERHX Carillon Chartwell RealPairCorr
  0.61BERDX Carillon Chartwell MidPairCorr
  0.64BERCX Berwyn CornerstonePairCorr
  0.64BERAX Carillon Chartwell MidPairCorr
  0.63HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

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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.

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