Scout E Correlations

Mutual Funds . USA . 
Fund . Scout E Plus
SCPZX Fund  USD 29.73  0.05  0.17%   
The current 90-days correlation between Scout E Plus and Chartwell Short Duration is 0.45 (i.e., Very weak 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

Weak diversification

The correlation between Scout E Plus and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Plus 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 Plus. 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 nation.

Moving together with Scout Mutual Fund

  0.82CWFIX Chartwell Short DurationPairCorr
  0.81CWFCX Carillon Chartwell ShortPairCorr
  0.81CWFAX Chartwell Short DurationPairCorr
  0.8CWFRX Carillon Chartwell ShortPairCorr
  0.77HIGCX Eagle Growth IncomePairCorr
  0.76HIGJX Eagle Growth IncomePairCorr
  0.77HIGUX Eagle Growth IncomePairCorr
  0.65CWSIX Chartwell Small CapPairCorr
  0.79CWSGX Chartwell Small CapPairCorr
  0.65CWSHX Carillon Chartwell SmallPairCorr
  0.65CWSCX Carillon Chartwell SmallPairCorr
  0.79CWSAX Carillon Chartwell SmallPairCorr
  0.79CWSBX Carillon Chartwell SmallPairCorr
  0.65CWSWX Carillon Chartwell SmallPairCorr
  0.79CWSRX Columbia Large CapPairCorr
  0.99SCCIX Scout E BondPairCorr
  0.99SUBTX Carillon Reams UnconPairCorr
  0.99SUBDX Carillon Reams UnconPairCorr
  0.99SUBFX Scout Unconstrained BondPairCorr
  0.99SUBEX Carillon Reams UnconPairCorr
  1.0SCPEX Carillon Reams CorePairCorr
  1.0SCPDX Carillon Reams CorePairCorr
  1.0SCPWX Carillon Reams CorePairCorr
  0.68UMBMX Scout Mid CapPairCorr
  0.79UMBHX Scout Small CapPairCorr
  0.85BERSX Carillon Chartwell RealPairCorr
  0.85BERIX Berwyn IncomePairCorr
  0.85BERGX Carillon Chartwell RealPairCorr
  0.86BERHX Carillon Chartwell RealPairCorr
  0.74BERDX Carillon Chartwell MidPairCorr
  0.73BERBX Carillon Chartwell MidPairCorr
  0.74BERCX Berwyn CornerstonePairCorr
  0.74BERAX Carillon Chartwell MidPairCorr
  0.71HRCCX Eagle Capital ApprecPairCorr
  0.71HRCIX Eagle Capital ApprecPairCorr
  0.67HRAUX Eagle Mid CapPairCorr
  0.71HRCPX Eagle Capital ApprecPairCorr
  0.71HRCUX Eagle Capital ApprecPairCorr
  0.76HRCVX Eagle Growth IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWFIX  0.08  0.03 (0.74) 0.57  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
CWFCX  0.08  0.02 (0.76) 0.54  0.00 
(0.14)
 0.21 
(0.10)
 0.43 
CWFAX  0.09  0.03 (0.66) 0.49  0.00 
(0.15)
 0.31 
(0.11)
 0.53 
CWFRX  0.08  0.03 (0.62) 0.48  0.00 
(0.14)
 0.21 
(0.11)
 0.53 
HIGCX  0.56  0.07  0.05  0.22  0.50 
(0.64)
 1.49 
(1.13)
 3.96 
HIGJX  0.56  0.07  0.05  0.23  0.49 
(0.64)
 1.61 
(1.12)
 4.00 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 
CWSIX  1.06  0.07  0.08  0.19  1.01 
(1.26)
 2.54 
(1.81)
 7.73 
CWSGX  0.90  0.10  0.10  0.23  0.83 
(1.04)
 2.13 
(1.65)
 6.05 
CWSHX  1.07  0.07  0.07  0.19  0.99 
(1.25)
 2.55 
(1.81)
 7.74 

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