Cullen High Correlations

CHDVX Fund

USD 14.43 0.05 0.35%

The current 90-days correlation between Cullen High Dividend and Pender Real Estate is 0.32 (i.e., Weak diversification). The correlation of Cullen High 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 High Correlation With Market

Good diversification

The correlation between Cullen High Dividend and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen High Dividend 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 High Dividend. 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 housing.

Moving together with Cullen Mutual Fund

0.66	CUSIX	Cullen Small Cap	Pair Corr
0.92	CVLVX	Cullen Value	Pair Corr
0.93	CVLFX	Cullen Value	Pair Corr
0.71	CVLEX	Cullen Value	Pair Corr
0.75	CEMGX	Cullen Emerging Markets	Pair Corr
0.76	CEMFX	Cullen Emerging Markets	Pair Corr
0.76	CEMDX	Cullen Emerging Markets	Pair Corr
0.82	CHDEX	Cullen High Dividend	Pair Corr
1.0	CHVCX	Cullen High Dividend	Pair Corr
0.85	CIHIX	Cullen International High	Pair Corr
0.83	CIHCX	Cullen International High	Pair Corr
0.62	FWWMX	American Funds Washington	Pair Corr
0.72	FWMMX	American Funds Washington	Pair Corr
0.62	AWSHX	Washington Mutual	Pair Corr
0.62	WSHFX	Washington Mutual	Pair Corr
0.75	VVIAX	Vanguard Value Index	Pair Corr
0.72	RWMAX	Washington Mutual	Pair Corr
0.62	CWMAX	Washington Mutual	Pair Corr
0.62	RWMGX	Washington Mutual	Pair Corr
0.7	CWMCX	Washington Mutual	Pair Corr
0.76	ICEUX	Mainstay Epoch Inter	Pair Corr
0.72	TAFTX	Tax Exempt Fund	Pair Corr
0.76	PYGNX	Payden Gnma Fund	Pair Corr
0.83	KAMAX	Kensington Managed Income	Pair Corr
0.78	VWABX	Vwabx	Pair Corr
0.71	DHGAX	Dreyfusstandish Global	Pair Corr

Related Correlations Analysis

	PNDIX	FIKMX	IVRSX	PJEAX	DGBCX	RRSCX	TRRSX
PNDIX		0.83	0.75	0.79	0.75	0.63	0.8	PNDIX
FIKMX	0.83		0.79	0.91	0.88	0.92	0.81	FIKMX
IVRSX	0.75	0.79		0.92	0.85	0.75	0.98	IVRSX
PJEAX	0.79	0.91	0.92		0.87	0.85	0.91	PJEAX
DGBCX	0.75	0.88	0.85	0.87		0.92	0.83	DGBCX
RRSCX	0.63	0.92	0.75	0.85	0.92		0.74	RRSCX
TRRSX	0.8	0.81	0.98	0.91	0.83	0.74		TRRSX
	PNDIX	FIKMX	IVRSX	PJEAX	DGBCX	RRSCX	TRRSX

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen High 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 High'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
PNDIX	0.04	0.00	0.00	0.13	0.00	0.00	0.10	0.00	0.70
FIKMX	0.18	0.00	(0.31)	0.13	0.10	(0.24)	0.41	(0.33)	1.40
IVRSX	0.68	0.04	(0.08)	(0.60)	0.78	(0.76)	1.44	(1.41)	3.90
PJEAX	0.70	0.03	(0.09)	2.96	0.83	(0.74)	1.53	(1.57)	3.95
DGBCX	0.53	(0.02)	(0.10)	0.06	0.67	(0.55)	1.04	(1.16)	3.43
RRSCX	0.51	(0.02)	(0.09)	0.07	0.66	(0.51)	1.12	(1.03)	3.32
TRRSX	0.62	0.03	(0.10)	(0.55)	0.75	(0.64)	1.42	(1.01)	4.14

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Cullen High Correlations

Cullen High Correlation With Market

Good diversification

Moving together with Cullen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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