Carillon Reams Correlations

SCPWX Fund

USD 30.45 0.02 0.07%

The current 90-days correlation between Carillon Reams Core and Carillon Chartwell Short is 0.13 (i.e., Average diversification). The correlation of Carillon Reams 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 Reams Correlation With Market

Average diversification

The correlation between Carillon Reams Core and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Reams Core 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 Carillon Reams Core. 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 interest.

Moving together with Carillon Mutual Fund

0.92	CWFIX	Chartwell Short Duration	Pair Corr
0.66	CWFCX	Carillon Chartwell Short	Pair Corr
0.68	CWFAX	Chartwell Short Duration	Pair Corr
0.7	CWFRX	Carillon Chartwell Short	Pair Corr
0.85	HIGCX	Eagle Growth Income	Pair Corr
0.8	HIGJX	Eagle Growth Income	Pair Corr
0.8	HIGUX	Eagle Growth Income	Pair Corr
0.89	CWSGX	Chartwell Small Cap	Pair Corr
0.89	CWSAX	Carillon Chartwell Small	Pair Corr
0.89	CWSBX	Carillon Chartwell Small	Pair Corr
0.89	CWSRX	Columbia Large Cap	Pair Corr
1.0	SCCIX	Scout E Bond	Pair Corr
0.98	SUBTX	Carillon Reams Uncon	Pair Corr
0.98	SUBDX	Carillon Reams Uncon	Pair Corr
0.98	SUBFX	Scout Unconstrained Bond	Pair Corr
0.99	SUBEX	Carillon Reams Uncon	Pair Corr
1.0	SCPEX	Carillon Reams Core	Pair Corr
1.0	SCPDX	Carillon Reams Core	Pair Corr
1.0	SCPZX	Scout E Plus	Pair Corr
0.69	UMBMX	Scout Mid Cap	Pair Corr
0.89	UMBHX	Scout Small Cap	Pair Corr
0.74	BERSX	Carillon Chartwell Real	Pair Corr
0.73	BERGX	Carillon Chartwell Real	Pair Corr
0.93	BERHX	Carillon Chartwell Real	Pair Corr
0.85	HRCCX	Eagle Capital Apprec	Pair Corr
0.82	HRCIX	Eagle Capital Apprec	Pair Corr
0.85	HRCPX	Eagle Capital Apprec	Pair Corr
0.82	HRCUX	Eagle Capital Apprec	Pair Corr
0.75	HRCVX	Eagle Growth Income	Pair Corr
0.87	HRSCX	Eagle Small Cap	Pair Corr

Related Correlations Analysis

	CWFCX	CWFAX	CWFRX	HIGJX	HRCCX	HRCIX	HIGUX	HRAUX	HRCPX
CWFCX		0.99	0.98	0.76	0.76	0.83	0.76	-0.18	0.76	CWFCX
CWFAX	0.99		1.0	0.76	0.78	0.84	0.76	-0.2	0.78	CWFAX
CWFRX	0.98	1.0		0.79	0.79	0.85	0.79	-0.2	0.79	CWFRX
HIGJX	0.76	0.76	0.79		0.77	0.81	1.0	0.1	0.77	HIGJX
HRCCX	0.76	0.78	0.79	0.77		0.89	0.77	-0.04	1.0	HRCCX
HRCIX	0.83	0.84	0.85	0.81	0.89		0.81	0.0	0.89	HRCIX
HIGUX	0.76	0.76	0.79	1.0	0.77	0.81		0.1	0.77	HIGUX
HRAUX	-0.18	-0.2	-0.2	0.1	-0.04	0.0	0.1		-0.04	HRAUX
HRCPX	0.76	0.78	0.79	0.77	1.0	0.89	0.77	-0.04		HRCPX
	CWFCX	CWFAX	CWFRX	HIGJX	HRCCX	HRCIX	HIGUX	HRAUX	HRCPX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CWFRX	+ 1.0	CWFAX
HIGUX	+ 1.0	HIGJX
HRCPX	+ 1.0	HRCCX
CWFAX	+ 0.99	CWFCX
CWFRX	+ 0.98	CWFCX
HRCIX	+ 0.89	HRCCX

High negative correlations

HRAUX	- 0.2	CWFRX
HRAUX	- 0.2	CWFAX
HRAUX	- 0.18	CWFCX
HRCPX	- 0.04	HRAUX
HRAUX	- 0.04	HRCCX
HRAUX	- 0.0	HRCIX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Reams 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 Reams' 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
CWFCX	0.07	0.00	(0.24)	0.10	0.00	(0.12)	0.11	(0.21)	0.42
CWFAX	0.07	0.01	(0.27)	0.14	0.00	(0.14)	0.21	(0.10)	0.42
CWFRX	0.07	0.01	(0.28)	0.17	0.00	(0.14)	0.21	(0.10)	0.42
HIGJX	0.44	0.03	(0.02)	(2.11)	0.58	(0.47)	0.85	(0.80)	3.50
HRCCX	0.72	0.08	0.03	4.64	1.00	(0.74)	1.44	(1.62)	4.74
HRCIX	0.72	0.12	0.06	(1.73)	0.99	(0.74)	1.43	(1.62)	4.74
HIGUX	0.46	(0.01)	(0.02)	0.04	0.58	(0.49)	0.95	(0.84)	3.47
HRAUX	0.75	(0.05)	0.00	0.37	0.00	0.00	1.25	(1.69)	4.75
HRCPX	0.72	0.09	0.04	4.32	0.99	(0.74)	1.44	(1.63)	4.73

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