Causeway Global Correlations

Mutual Funds . USA . 
Fund . Causeway Global Value
CGVIX Fund  USD 14.48  0.01  0.07%   
The current 90-days correlation between Causeway Global Value and Causeway International Small is 0.62 (i.e., Poor diversification). The correlation of Causeway Global 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.

Causeway Global Correlation With Market

Poor diversification

The correlation between Causeway Global Value and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Global Value 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 Causeway Global Value. 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 Causeway Mutual Fund

  0.97CVISX Causeway InternationalPairCorr
  0.98CEMIX Causeway Emerging MarketsPairCorr
  0.98CEMVX Causeway Emerging MarketsPairCorr
  1.0CGVVX Causeway Global ValuePairCorr
  0.97CIISX Causeway InternationalPairCorr
  0.99CIOIX Causeway InternationalPairCorr
  0.99CIOVX Causeway InternationalPairCorr
  0.99CIVVX Causeway InternationalPairCorr
  0.99CIVIX Causeway InternationalPairCorr
  0.79TEDRX Franklin Mutual GlobalPairCorr
  0.79FMDRX Franklin Mutual GlobalPairCorr
  0.99DOXWX Dodge Cox GlobalPairCorr
  0.77DODWX Dodge Global StockPairCorr
  0.95TRZRX T Rowe PricePairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98MDISX Franklin Mutual GlobalPairCorr
  0.79TEDSX Franklin Mutual GlobalPairCorr
  0.72PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.67GAAKX Gmo Alternative AlloPairCorr
  0.67GAAGX Gmo Alternative AlloPairCorr
  0.99DHPYX Diamond Hill MidPairCorr
  0.98DABKX Dreyfus Yield EnhancementPairCorr
  0.63RGLIX Allianzgi Global NaturalPairCorr
  0.99JTLMX Multimanager LifestylePairCorr
  0.99SBQAX Americafirst Large CapPairCorr
  0.85JNVIX Jensen Quality ValuePairCorr
  0.84XIGIX Western Asset InvestmentPairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.99RIFYX Victory Rs SciencePairCorr
  0.76MRBFX Mfs Total ReturnPairCorr
  0.72PDBAX Prudential Total ReturnPairCorr
  0.99CCIFX Columbia SeligmanPairCorr

Moving against Causeway Mutual Fund

  0.32GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway Global 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 Causeway Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CVISX  0.52  0.26  0.26  1.05  0.00 
(0.65)
 1.24 
(0.81)
 3.12 
CEMIX  0.62  0.26  0.25  0.80  0.00 
(0.78)
 1.69 
(1.06)
 4.20 
CEMVX  0.63  0.26  0.24  0.82  0.00 
(0.83)
 1.75 
(1.12)
 4.30 
CGVVX  0.65  0.16  0.15  0.34  0.43 
(0.73)
 1.93 
(1.23)
 4.69 
CGVIX  0.65  0.16  0.15  0.35  0.38 
(0.74)
 1.92 
(1.15)
 4.57 
CIISX  0.51  0.26  0.27  1.04  0.00 
(0.65)
 1.31 
(0.81)
 3.12 
CIOIX  0.55  0.18  0.17  0.52  0.12 
(0.65)
 1.51 
(0.93)
 3.55 
CIOVX  0.55  0.18  0.16  0.51  0.14 
(0.67)
 1.47 
(0.94)
 3.64 
CIVVX  0.60  0.15  0.11  0.45  0.38 
(0.68)
 1.44 
(1.10)
 3.35 
CIVIX  0.60  0.15  0.11  0.44  0.37 
(0.67)
 1.42 
(1.05)
 3.36 

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