Scout E Correlations

Mutual Funds . USA . 
Fund . Scout E Bond
SCCIX Fund  USD 10.97  0.05  0.46%   
The current 90-days correlation between Scout E Bond and Mid Cap Growth Profund is 0.21 (i.e., Modest 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

Significant diversification

The correlation between Scout E Bond and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout E Bond 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 Bond. 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 gross domestic product.

Moving together with Scout Mutual Fund

  0.92CWFIX Chartwell Short DurationPairCorr
  0.9CWFAX Chartwell Short DurationPairCorr
  0.92CWFRX Carillon Chartwell ShortPairCorr
  0.83HIGCX Eagle Growth IncomePairCorr
  0.84HIGJX Eagle Growth IncomePairCorr
  0.83HIGUX Eagle Growth IncomePairCorr
  0.72CWSIX Chartwell Small CapPairCorr
  0.86CWSGX Chartwell Small CapPairCorr
  0.71CWSCX Carillon Chartwell SmallPairCorr
  0.68CWSWX Carillon Chartwell SmallPairCorr
  0.95SUBFX Scout Unconstrained BondPairCorr
  0.99SUBEX Carillon Reams UnconPairCorr
  1.0SCPWX Carillon Reams CorePairCorr
  0.95SCPZX Scout E PlusPairCorr
  0.76UMBMX Scout Mid CapPairCorr
  0.85UMBHX Scout Small CapPairCorr
  0.81BERIX Berwyn IncomePairCorr
  0.64BERDX Carillon Chartwell MidPairCorr
  0.63BERAX Carillon Chartwell MidPairCorr
  0.87HRCUX Eagle Capital ApprecPairCorr
  0.85HRSCX Eagle Small CapPairCorr
  0.73CSMUX Carillon Scout MidPairCorr
  0.99VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.94BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.78SMPSX Semiconductor UltrasectorPairCorr
  0.78SMPIX Semiconductor UltrasectorPairCorr
  0.77TTEEX T Rowe PricePairCorr
  0.76TREMX T Rowe PricePairCorr
  0.84FELIX Fidelity Advisor Sem Steady GrowthPairCorr
  0.85ONERX One Rock Fund Steady GrowthPairCorr
  0.81RYVYX Nasdaq 100 2x Steady GrowthPairCorr

Related Correlations Analysis


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.

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