Carillon Chartwell Correlations

CWSBX Fund

17.59 0.09 0.51%

The current 90-days correlation between Carillon Chartwell Small and Janus High Yield Fund is 0.25 (i.e., Modest diversification). The correlation of Carillon Chartwell 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 Chartwell Correlation With Market

Poor diversification

The correlation between Carillon Chartwell Small and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carillon Chartwell 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 Chartwell 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 labor statistics.

Moving together with Carillon Mutual Fund

0.62	VSGAX	Vanguard Small Cap	Pair Corr
0.96	VSGIX	Vanguard Small Cap	Pair Corr
0.96	VISGX	Vanguard Small Cap	Pair Corr
0.69	VEXPX	Vanguard Explorer	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.65	JGMIX	Janus Triton	Pair Corr
0.9	JGMRX	Janus Triton	Pair Corr
0.9	JGMAX	Janus Triton	Pair Corr
0.9	JGMCX	Janus Triton	Pair Corr
0.76	JGMNX	Janus Triton	Pair Corr
0.91	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.9	RYVYX	Nasdaq 100 2x	Pair Corr
0.87	UOPIX	Ultra Nasdaq 100	Pair Corr
0.85	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.93	INPIX	Internet Ultrasector Steady Growth	Pair Corr
0.77	INPSX	Internet Ultrasector	Pair Corr
0.67	BIPIX	Biotechnology Ultrasector	Pair Corr
0.86	TEPSX	Technology Ultrasector	Pair Corr
0.81	EKJAX	Wells Fargo Premier	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.7	MCD	McDonalds Sell-off Trend	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr

Moving against Carillon Mutual Fund

0.31

Coca Cola

Pair Corr

Related Correlations Analysis

	JDHYX	NHIEX	FPIOX	PBHAX	PAXHX	RIMOX	MRHYX	DNHYX
JDHYX		0.98	0.99	0.97	0.98	0.98	0.98	0.98	JDHYX
NHIEX	0.98		0.97	0.98	0.99	0.97	0.95	0.98	NHIEX
FPIOX	0.99	0.97		0.98	0.98	0.98	0.99	0.98	FPIOX
PBHAX	0.97	0.98	0.98		0.98	0.98	0.98	0.98	PBHAX
PAXHX	0.98	0.99	0.98	0.98		0.97	0.96	0.98	PAXHX
RIMOX	0.98	0.97	0.98	0.98	0.97		0.99	0.99	RIMOX
MRHYX	0.98	0.95	0.99	0.98	0.96	0.99		0.98	MRHYX
DNHYX	0.98	0.98	0.98	0.98	0.98	0.99	0.98		DNHYX
	JDHYX	NHIEX	FPIOX	PBHAX	PAXHX	RIMOX	MRHYX	DNHYX

Risk-Adjusted Indicators

There is a big difference between Carillon Mutual Fund performing well and Carillon Chartwell 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 Chartwell'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JDHYX	0.14	0.04	(0.35)	0.49	(0.22)	0.40	(0.14)	1.10
NHIEX	0.13	0.05	(0.34)	(1.56)	(0.22)	0.40	(0.13)	1.05
FPIOX	0.11	0.03	(0.46)	0.35	(0.18)	0.23	(0.11)	0.79
PBHAX	0.14	0.04	(0.30)	4.19	(0.26)	0.21	(0.21)	1.04
PAXHX	0.12	0.04	(0.36)	(1.65)	(0.25)	0.33	(0.16)	0.99
RIMOX	0.04	0.02	(1.44)	0.64	(0.08)	0.10	(0.05)	0.30
MRHYX	0.10	0.03	(0.44)	0.35	(0.15)	0.24	(0.12)	0.81
DNHYX	0.11	0.05	(0.43)	1.93	(0.17)	0.24	(0.12)	0.58

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