Cullen Emerging Correlations

Mutual Funds . USA . 
Fund . Cullen Emerging Markets
CEMFX Fund  USD 14.61  0.01  0.07%   
The current 90-days correlation between Cullen Emerging Markets and Morgan Stanley Institutional is -0.01 (i.e., Good diversification). The correlation of Cullen Emerging 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.

Cullen Emerging Correlation With Market

Weak diversification

The correlation between Cullen Emerging Markets and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Emerging Markets 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 Cullen Emerging Markets. 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 Cullen Mutual Fund

  0.95CUSIX Cullen Small CapPairCorr
  0.95CUSCX Cullen Small CapPairCorr
  0.95CUSRX Cullen Small CapPairCorr
  0.98CVLVX Cullen ValuePairCorr
  0.98CVLFX Cullen ValuePairCorr
  1.0CEMGX Cullen Emerging MarketsPairCorr
  1.0CEMDX Cullen Emerging MarketsPairCorr
  0.93ENHCX Cullen Enhanced EquityPairCorr
  0.97CHDVX Cullen High DividendPairCorr
  0.97CHDEX Cullen High DividendPairCorr
  0.92CIHIX Cullen International HighPairCorr
  0.92CIHDX Cullen International HighPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.98JHBJX John Hancock FundsPairCorr
  0.94PGOAX Prudential Jennison SmallPairCorr
  0.98RICAX Investment Of AmericaPairCorr
  0.95VSFCX Federated Clover SmallPairCorr
  0.98VWELX Vanguard WellingtonPairCorr
  0.98PSWIX Strategic Asset ManaPairCorr
  0.75RYCFX Biotechnology Fund ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Emerging 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 Cullen Emerging'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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