  We employ the combination of the density functional and the dynamical
mean-field theory (LDA+DMFT) to investigate the electronic structure and
magnetic properties of SrCoO3, monocrystal of which were prepared recently. Our
calculations lead to a ferromagnetic metal in agreement with experiment. We
find that, contrary to some suggestions, the local moment in SrCoO3 does not
arise from intermediate spin state, but is a result of coherent superposition
of many different atomic states. We discuss how attribution of magnetic
response to different atomic states in solids with local moments can be
quantified.
