Cullen Emerging Correlations

CEMGX Fund

USD 15.26 0.01 0.07%

The current 90-days correlation between Cullen Emerging Markets and Cullen Small Cap is 0.03 (i.e., Significant 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

Good diversification

The correlation between Cullen Emerging Markets and DJI is -0.1 (i.e., Good 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 rate.

Moving together with Cullen Mutual Fund

0.66	CUSCX	Cullen Small Cap	Pair Corr
0.91	CVLVX	Cullen Value	Pair Corr
0.93	CVLFX	Cullen Value	Pair Corr
0.91	CVLEX	Cullen Value	Pair Corr
0.97	CEMFX	Cullen Emerging Markets	Pair Corr
1.0	CEMDX	Cullen Emerging Markets	Pair Corr
0.69	CHDVX	Cullen High Dividend	Pair Corr
0.8	CHVCX	Cullen High Dividend	Pair Corr
0.73	CIHIX	Cullen International High	Pair Corr
0.76	CIHCX	Cullen International High	Pair Corr
0.96	VEMAX	Vanguard Emerging Markets	Pair Corr
0.96	VEIEX	Vanguard Emerging Markets	Pair Corr
0.8	VEMIX	Vanguard Emerging Markets	Pair Corr
0.8	VEMRX	Vanguard Emerging Markets	Pair Corr
0.84	FWWNX	American Funds New	Pair Corr
0.8	FNFWX	American Funds New	Pair Corr
0.84	NEWFX	New World Fund	Pair Corr
0.96	NWFFX	New World Fund	Pair Corr
0.8	NEWCX	New World Fund	Pair Corr
0.81	ODVYX	Oppenheimer Developing	Pair Corr
0.76	NHS	Neuberger Berman High	Pair Corr
0.77	VEGBX	Vanguard Emerging Markets	Pair Corr
0.94	DTFIX	Delaware Tax Free	Pair Corr
0.86	UOPIX	Ultra Nasdaq 100	Pair Corr
0.91	HDDVX	Janus Henderson Div	Pair Corr
0.95	TCLEX	Tiaa Cref Lifecycle	Pair Corr
0.95	SSDQX	State Street Target	Pair Corr
0.8	DRIHX	Dimensional 2040 Target	Pair Corr
0.85	EIPCX	Parametric Commodity	Pair Corr
0.93	ITTFX	Hartford Balanced	Pair Corr
0.94	SQMAX	Deutsche Massachusetts	Pair Corr
0.94	GAPUX	Goldman Sachs Equity	Pair Corr

Moving against Cullen Mutual Fund

0.37	ENHCX	Cullen Enhanced Equity	Pair Corr
0.33	ENHRX	Cullen Enhanced Equity	Pair Corr
0.32	ENHNX	Cullen Enhanced Equity	Pair Corr

Related Correlations Analysis

	CUSIX	CUSCX	CUSRX	CVLVX	ENHRX	ENHNX	CHDVX
CUSIX		0.95	1.0	0.77	0.22	0.23	0.74	CUSIX
CUSCX	0.95		0.95	0.77	0.11	0.12	0.7	CUSCX
CUSRX	1.0	0.95		0.77	0.23	0.23	0.74	CUSRX
CVLVX	0.77	0.77	0.77		-0.05	-0.04	0.84	CVLVX
ENHRX	0.22	0.11	0.23	-0.05		1.0	0.12	ENHRX
ENHNX	0.23	0.12	0.23	-0.04	1.0		0.12	ENHNX
CHDVX	0.74	0.7	0.74	0.84	0.12	0.12		CHDVX
	CUSIX	CUSCX	CUSRX	CVLVX	ENHRX	ENHNX	CHDVX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CUSRX	+ 1.0	CUSIX
ENHNX	+ 1.0	ENHRX
CUSCX	+ 0.95	CUSIX
CUSRX	+ 0.95	CUSCX
CHDVX	+ 0.84	CVLVX
CVLVX	+ 0.77	CUSIX

High negative correlations

ENHRX	- 0.05	CVLVX
ENHNX	- 0.04	CVLVX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CUSIX	1.20	(0.02)	0.02	0.04	1.33	(1.32)	3.05	(2.54)	8.59
CUSCX	1.19	0.14	0.06	(0.98)	1.27	(1.33)	2.95	(2.52)	8.54
CUSRX	1.22	(0.02)	0.02	0.04	1.36	(1.34)	3.13	(2.59)	8.49
CVLVX	0.50	0.03	0.03	0.08	0.48	(0.59)	1.22	(0.89)	3.36
ENHRX	0.50	(0.08)	0.00	(0.06)	0.00	0.00	0.97	(1.05)	3.41
ENHNX	0.50	(0.08)	0.00	(0.05)	0.00	0.00	1.05	(0.98)	3.10
CHDVX	0.42	0.02	0.01	0.08	0.38	(0.55)	0.97	(0.76)	2.71

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