Cullen High Correlations

Mutual Funds . USA . 
Fund . Cullen High Dividend
CHVCX Fund  USD 13.53  0.10  0.74%   
The current 90-days correlation between Cullen High Dividend and Cullen High Dividend is -0.29 (i.e., Very good 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

Very poor diversification

The correlation between Cullen High Dividend and DJI is 0.81 (i.e., Very poor 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 main economic indicators.

Moving together with Cullen Mutual Fund

  0.97CUSIX Cullen Small Cap Steady GrowthPairCorr
  0.97CUSCX Cullen Small Cap Steady GrowthPairCorr
  0.95CUSRX Cullen Small Cap Steady GrowthPairCorr
  1.0CVLVX Cullen ValuePairCorr
  1.0CVLFX Cullen ValuePairCorr
  1.0CVLEX Cullen ValuePairCorr
  0.97CEMGX Cullen Emerging MarketsPairCorr
  0.97CEMFX Cullen Emerging MarketsPairCorr
  0.97CEMDX Cullen Emerging MarketsPairCorr
  0.97ENHRX Cullen Enhanced EquityPairCorr
  0.97ENHNX Cullen Enhanced EquityPairCorr
  0.97ENHCX Cullen Enhanced EquityPairCorr
  0.98CHDVX Cullen High DividendPairCorr
  0.98CHDEX Cullen High DividendPairCorr
  0.92CIHIX Cullen International HighPairCorr
  0.91CIHCX Cullen International HighPairCorr
  0.93CIHDX Cullen International HighPairCorr
  1.0VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.97AMRMX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.97AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  1.0VIVAX Vanguard Value IndexPairCorr
  0.93FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.63SPMPX Invesco Steelpath MlpPairCorr
  0.63MLPNX Oppenheimer Steelpath MlpPairCorr
  0.62SPMJX Invesco Steelpath MlpPairCorr
  0.97PTOAX Stocksplus Total ReturnPairCorr
  0.97MHEIX Mh Elite IncomePairCorr
  0.75RCBGX American Funds PoratePairCorr
  0.93RSPYX Victory Rs PartnersPairCorr

Related Correlations Analysis

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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.

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