Scout E Correlations

SCCIX Fund

USD 10.92 0.02 0.18%

The current 90-days correlation between Scout E Bond and Ultrasmall Cap Profund Ultrasmall Cap is 0.03 (i.e., Significant diversification). The correlation of Scout E 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 E Correlation With Market

Average diversification

The correlation between Scout E Bond and DJI is 0.1 (i.e., Average 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

0.75	CWFIX	Chartwell Short Duration	Pair Corr
0.63	UMBHX	Scout Small Cap	Pair Corr
0.94	VBTLX	Vanguard Total Bond	Pair Corr
0.94	VBMFX	Vanguard Total Bond	Pair Corr
0.75	VBTIX	Vanguard Total Bond	Pair Corr
0.74	VTBSX	Vanguard Total Bond	Pair Corr
0.76	VTBIX	Vanguard Total Bond	Pair Corr
0.77	VTBNX	Vanguard Total Bond	Pair Corr
0.74	BFAFX	Bond Fund	Pair Corr
0.74	ABNDX	Bond Fund	Pair Corr
0.75	BFACX	Bond Fund	Pair Corr
0.74	FBOFX	American Funds	Pair Corr
0.71	NAD	Nuveen Dividend Advantage	Pair Corr
0.77	PTRAX	Total Return	Pair Corr

Related Correlations Analysis

	UAPIX	ARSMX	GSXPX	RSEFX	VVSCX	MAVKX	BRSVX
UAPIX		0.46	0.85	0.61	0.76	0.53	0.45	UAPIX
ARSMX	0.46		0.69	0.91	0.51	0.94	0.87	ARSMX
GSXPX	0.85	0.69		0.71	0.94	0.7	0.7	GSXPX
RSEFX	0.61	0.91	0.71		0.49	0.91	0.81	RSEFX
VVSCX	0.76	0.51	0.94	0.49		0.53	0.56	VVSCX
MAVKX	0.53	0.94	0.7	0.91	0.53		0.89	MAVKX
BRSVX	0.45	0.87	0.7	0.81	0.56	0.89		BRSVX
	UAPIX	ARSMX	GSXPX	RSEFX	VVSCX	MAVKX	BRSVX

Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout E 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 E'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
UAPIX	1.93	(0.03)	0.04	0.06	2.47	(1.95)	4.28	(3.95)	11.10
ARSMX	0.66	(0.07)	(0.09)	(0.01)	0.78	(0.78)	1.36	(1.34)	3.86
GSXPX	0.91	(0.01)	0.01	0.06	1.08	(1.00)	2.19	(1.65)	5.46
RSEFX	0.63	(0.06)	(0.09)	0.00	0.71	(0.78)	1.60	(1.16)	3.27
VVSCX	0.86	0.00	0.01	0.07	0.98	(0.95)	2.14	(1.93)	5.04
MAVKX	0.73	(0.08)	(0.07)	(0.01)	0.97	(0.73)	1.53	(1.47)	4.93
BRSVX	0.78	(0.05)	(0.04)	0.02	0.98	(0.89)	1.87	(1.45)	5.20

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Scout E Correlations

Scout E Correlation With Market

Average diversification

Moving together with Scout Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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