Carillon Scout Correlations

Mutual Funds . USA . 
Fund . Carillon Scout Small
CSSJX Fund  USD 26.76  0.04  0.15%   
The current 90-days correlation between Carillon Scout Small and Putnam Convertible Securities is 0.89 (i.e., Very poor diversification). The correlation of Carillon Scout 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 Scout Correlation With Market

Very poor diversification

The correlation between Carillon Scout Small and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Scout Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carillon Scout Small. 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 inflation.

Moving together with Carillon Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.98HIGCX Eagle Growth IncomePairCorr
  0.94CWSIX Chartwell Small CapPairCorr
  0.71SCCIX Scout E BondPairCorr
  1.0UMBHX Scout Small CapPairCorr
  0.93BERIX Berwyn IncomePairCorr
  0.97HRSCX Eagle Small CapPairCorr
  0.96CSMUX Carillon Scout MidPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.99JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.99JGMAX Janus TritonPairCorr
  0.99JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.98SMPIX Semiconductor UltrasectorPairCorr
  0.98SMPSX Semiconductor UltrasectorPairCorr
  0.95RSNRX Victory Global NaturalPairCorr
  0.9EMO Clearbridge Energy MlpPairCorr
  0.95RSNYX Victory Global NaturalPairCorr
  0.95RGNCX Victory Global NaturalPairCorr
  0.96GSSUX Goldman Sachs SmallPairCorr
  0.88WCMRX Wcm Focused InternationalPairCorr
  0.98JDHYX Janus High YieldPairCorr
  0.96CIRAX Capital Income BuilderPairCorr
  0.85GLOIX Gamco Global OpportunityPairCorr
  0.96FASCX Franklin K2 AlternativePairCorr
  0.97CGJIX Calvert Large CapPairCorr
  0.98TRROX T Rowe PricePairCorr
  0.97EITEX Parametric Tax ManagedPairCorr
  0.96VEIEX Vanguard Emerging MarketsPairCorr
  0.98FBDTX American Funds 2025PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
XAVKX
+ 0.99
PCNTX
LCFYX
+ 0.99
PCNTX
LCFYX
+ 0.97
XAVKX
FSAWX
+ 0.96
PCNTX
FSAWX
+ 0.94
XAVKX
FSAWX
+ 0.94
LCFYX
  
High negative correlations   
LCFYX
- 0.32
CCD
CCD
- 0.29
PCNTX
FSAWX
- 0.24
CCD
CCD
- 0.24
XAVKX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Scout 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 Scout'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY