Scout Unconstrained Correlations

SUBFX Fund

USD 12.74 0.01 0.08%

The current 90-days correlation between Scout Unconstrained Bond and Short Term Government Fund is 0.01 (i.e., Significant diversification). The correlation of Scout Unconstrained 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 Unconstrained Correlation With Market

Modest diversification

The correlation between Scout Unconstrained Bond and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout Unconstrained 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 Unconstrained 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 census.

Moving together with Scout Mutual Fund

0.85	CWFIX	Chartwell Short Duration	Pair Corr
0.85	CWFCX	Carillon Chartwell Short	Pair Corr
0.84	CWFAX	Chartwell Short Duration	Pair Corr
0.83	CWFRX	Carillon Chartwell Short	Pair Corr
0.79	HIGCX	Eagle Growth Income	Pair Corr
0.81	HIGJX	Eagle Growth Income	Pair Corr
0.82	HIGUX	Eagle Growth Income	Pair Corr
0.67	CWSIX	Chartwell Small Cap	Pair Corr
0.83	CWSGX	Chartwell Small Cap	Pair Corr
0.64	CWSHX	Carillon Chartwell Small	Pair Corr
0.64	CWSCX	Carillon Chartwell Small	Pair Corr
0.81	CWSAX	Carillon Chartwell Small	Pair Corr
0.83	CWSBX	Carillon Chartwell Small	Pair Corr
0.64	CWSWX	Carillon Chartwell Small	Pair Corr
0.81	CWSRX	Columbia Large Cap	Pair Corr
0.97	SCCIX	Scout E Bond	Pair Corr
0.96	SUBTX	Carillon Reams Uncon	Pair Corr
1.0	SUBDX	Carillon Reams Uncon	Pair Corr
1.0	SUBEX	Carillon Reams Uncon	Pair Corr
0.93	SCPEX	Carillon Reams Core	Pair Corr
0.93	SCPDX	Carillon Reams Core	Pair Corr
0.99	SCPWX	Carillon Reams Core	Pair Corr
0.99	SCPZX	Scout E Plus	Pair Corr
0.71	UMBMX	Scout Mid Cap	Pair Corr
0.82	UMBHX	Scout Small Cap	Pair Corr
0.89	BERSX	Carillon Chartwell Real	Pair Corr
0.89	BERIX	Berwyn Income	Pair Corr
0.87	BERGX	Carillon Chartwell Real	Pair Corr
0.89	BERHX	Carillon Chartwell Real	Pair Corr
0.73	BERDX	Carillon Chartwell Mid	Pair Corr
0.75	BERBX	Carillon Chartwell Mid	Pair Corr
0.77	BERCX	Berwyn Nerstone	Pair Corr
0.77	BERAX	Carillon Chartwell Mid	Pair Corr
0.75	HRCCX	Eagle Capital Apprec	Pair Corr
0.75	HRCIX	Eagle Capital Apprec	Pair Corr
0.68	HRAUX	Eagle Mid Cap	Pair Corr
0.73	HRCPX	Eagle Capital Apprec	Pair Corr
0.75	HRCUX	Eagle Capital Apprec	Pair Corr
0.79	HRCVX	Eagle Growth Income	Pair Corr

Related Correlations Analysis

	TWACX	NECLX	PYUSX	UGSDX	ACNXX	DPIGX	PRRXX	FCSCX
TWACX		0.96	0.98	0.69	0.27	0.96	0.26	0.92	TWACX
NECLX	0.96		0.97	0.68	0.34	0.97	0.35	0.91	NECLX
PYUSX	0.98	0.97		0.74	0.33	0.98	0.29	0.94	PYUSX
UGSDX	0.69	0.68	0.74		0.68	0.73	0.43	0.87	UGSDX
ACNXX	0.27	0.34	0.33	0.68		0.35	0.63	0.48	ACNXX
DPIGX	0.96	0.97	0.98	0.73	0.35		0.29	0.94	DPIGX
PRRXX	0.26	0.35	0.29	0.43	0.63	0.29		0.35	PRRXX
FCSCX	0.92	0.91	0.94	0.87	0.48	0.94	0.35		FCSCX
	TWACX	NECLX	PYUSX	UGSDX	ACNXX	DPIGX	PRRXX	FCSCX

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Risk-Adjusted Indicators

There is a big difference between Scout Mutual Fund performing well and Scout Unconstrained 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 Unconstrained'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
TWACX	0.09	0.00	(1.37)	(0.08)	0.00	(0.16)	0.22	(0.22)	0.56
NECLX	0.10	0.00	(1.34)	0.22	0.00	(0.15)	0.28	(0.19)	0.65
PYUSX	0.14	0.00	(1.05)	0.11	0.09	(0.18)	0.32	(0.21)	0.75
UGSDX	0.03	0.00	0.00	0.62	0.00	0.00	0.00	0.00	0.52
ACNXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
DPIGX	0.09	0.00	(1.48)	(0.02)	0.00	(0.13)	0.11	(0.21)	0.63
PRRXX	0.03	0.01	0.00	(1.29)	0.00	0.00	0.00	0.00	1.01
FCSCX	0.06	0.00	(1.41)	0.15	0.00	(0.19)	0.13	(0.13)	0.53

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Scout Unconstrained Correlations

Scout Unconstrained Correlation With Market

Modest diversification

Moving together with Scout Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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