Carillon Scout Correlations

CSSJX Fund

USD 20.85 0.01 0.05%

The current 90-days correlation between Carillon Scout Small and Smallcap Fund Fka is 0.27 (i.e., Modest 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

Excellent diversification

The correlation between Carillon Scout Small and DJI is -0.64 (i.e., Excellent 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 bureau of economic analysis.

Moving together with Carillon Mutual Fund

0.94

HRCVX

Eagle Growth Income

Pair Corr

Moving against Carillon Mutual Fund

0.97	HIGCX	Eagle Growth Income	Pair Corr
0.97	HIGUX	Eagle Growth Income	Pair Corr
0.97	SUBTX	Carillon Reams Uncon	Pair Corr
0.97	SUBFX	Scout Unconstrained Bond	Pair Corr
0.97	SUBEX	Carillon Reams Uncon	Pair Corr
0.94	CWSIX	Chartwell Small Cap	Pair Corr
0.93	SUBDX	Carillon Reams Uncon	Pair Corr
0.92	CWSHX	Carillon Chartwell Small	Pair Corr
0.92	CWSCX	Carillon Chartwell Small	Pair Corr
0.92	CWSWX	Carillon Chartwell Small	Pair Corr
0.92	BERCX	Berwyn Cornerstone	Pair Corr
0.9	BERBX	Carillon Chartwell Mid	Pair Corr
0.9	BERAX	Carillon Chartwell Mid	Pair Corr
0.78	BERHX	Carillon Chartwell Real	Pair Corr
0.77	BERSX	Carillon Chartwell Real	Pair Corr
0.76	BERIX	Berwyn Income	Pair Corr
0.75	CWFAX	Chartwell Short Duration	Pair Corr
0.74	CWFRX	Carillon Chartwell Short	Pair Corr
0.73	CWFIX	Chartwell Short Duration	Pair Corr
0.73	CWFCX	Carillon Chartwell Short	Pair Corr
0.66	UMBMX	Scout Mid Cap	Pair Corr
0.61	CWSAX	Carillon Chartwell Small	Pair Corr
0.6	CWSBX	Carillon Chartwell Small	Pair Corr
0.54	CWSGX	Chartwell Small Cap	Pair Corr
0.52	HIGJX	Eagle Growth Income	Pair Corr
0.52	UMBHX	Scout Small Cap	Pair Corr
0.34	SCPWX	Carillon Reams Core	Pair Corr
0.32	SCPZX	Scout E Plus	Pair Corr
0.94	HAGIX	Eagle Mid Cap	Pair Corr
0.94	HAGCX	Eagle Mid Cap	Pair Corr
0.91	CSMFX	Carillon Scout Mid	Pair Corr
0.89	CSMEX	Carillon Scout Mid	Pair Corr
0.89	CSMUX	Carillon Scout Mid	Pair Corr
0.88	HSCCX	Eagle Small Cap	Pair Corr
0.88	HSRUX	Eagle Small Cap	Pair Corr
0.8	EISAX	Eagle International Stock	Pair Corr
0.79	EISVX	Eagle International Stock	Pair Corr

Related Correlations Analysis

	ANTMX	FCSGX	OWSMX	HSVRX	HSCVX	ARTSX	PSBMX
ANTMX		0.91	0.98	0.95	0.86	0.92	0.92	ANTMX
FCSGX	0.91		0.92	0.9	0.86	0.92	0.96	FCSGX
OWSMX	0.98	0.92		0.98	0.92	0.95	0.95	OWSMX
HSVRX	0.95	0.9	0.98		0.95	0.97	0.95	HSVRX
HSCVX	0.86	0.86	0.92	0.95		0.95	0.94	HSCVX
ARTSX	0.92	0.92	0.95	0.97	0.95		0.96	ARTSX
PSBMX	0.92	0.96	0.95	0.95	0.94	0.96		PSBMX
	ANTMX	FCSGX	OWSMX	HSVRX	HSCVX	ARTSX	PSBMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANTMX	0.71	0.07	0.06	0.18	0.77	(0.75)	1.40	(1.43)	3.31
FCSGX	1.11	0.30	0.28	0.34	0.67	(1.30)	2.03	(1.73)	18.80
OWSMX	0.58	0.08	0.08	0.19	0.44	(0.70)	1.40	(1.19)	2.73
HSVRX	0.90	0.16	0.19	0.22	0.66	(1.10)	2.47	(1.60)	5.28
HSCVX	0.68	0.08	0.09	0.18	0.55	(0.83)	2.18	(1.20)	4.16
ARTSX	1.14	0.18	0.19	0.22	0.90	(1.38)	2.12	(1.92)	13.44
PSBMX	0.88	0.16	0.15	0.25	0.75	(1.03)	1.84	(1.77)	7.03

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