Scout Mid Correlations

Mutual Funds . USA . 
Fund . Scout Mid Cap
UMBMX Fund  USD 26.03  0.14  0.54%   
The current 90-days correlation between Scout Mid Cap and Boston Partners Emerging is -0.22 (i.e., Very good diversification). The correlation of Scout Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Scout Mid Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Mid Cap 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 Mid Cap. 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 industry.

Moving together with SCOUT Mutual Fund

  0.91CWFIX Chartwell Short DurationPairCorr
  0.89CWFCX Carillon Chartwell ShortPairCorr
  0.87CWFAX Chartwell Short DurationPairCorr
  0.87CWFRX Carillon Chartwell ShortPairCorr
  0.88HIGCX Eagle Growth IncomePairCorr
  0.94HIGJX Eagle Growth IncomePairCorr
  0.94HIGUX Eagle Growth IncomePairCorr
  0.86CWSGX Chartwell Small CapPairCorr
  0.79CWSBX Carillon Chartwell SmallPairCorr
  0.79CWSRX Columbia Large CapPairCorr
  0.83SCCIX Scout E BondPairCorr
  0.84SUBTX Carillon Reams UnconPairCorr
  0.84SUBDX Carillon Reams UnconPairCorr
  0.84SUBFX Scout Unconstrained BondPairCorr
  0.84SUBEX Carillon Reams UnconPairCorr
  0.83SCPEX Carillon Reams CorePairCorr
  0.83SCPDX Carillon Reams CorePairCorr
  0.84SCPWX Carillon Reams CorePairCorr
  0.84SCPZX Scout E PlusPairCorr
  0.86UMBHX Scout Small CapPairCorr
  0.88BERIX Berwyn IncomePairCorr
  0.86BERGX Carillon Chartwell RealPairCorr
  0.85BERHX Carillon Chartwell RealPairCorr
  0.79HRCCX Eagle Capital ApprecPairCorr
  0.79HRCIX Eagle Capital ApprecPairCorr
  0.64HRAUX Eagle Mid CapPairCorr
  0.74HRCPX Eagle Capital ApprecPairCorr
  0.79HRCUX Eagle Capital ApprecPairCorr
  0.88HRCVX Eagle Growth IncomePairCorr
  0.84HRSCX Eagle Small CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between SCOUT Mutual Fund performing well and Scout Mid 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 Mid'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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