Causeway International Correlations

Mutual Funds . USA . 
Fund . Causeway International Value
CIVIX Fund  USD 22.58  0.03  0.13%   
The current 90-days correlation between Causeway International and Massachusetts Investors Trust is 0.63 (i.e., Poor diversification). The correlation of Causeway International 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 International Correlation With Market

Very weak diversification

The correlation between Causeway International Value and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International 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 International 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

  0.96CEMIX Causeway Emerging MarketsPairCorr
  0.97CEMVX Causeway Emerging MarketsPairCorr
  0.99CGVVX Causeway Global ValuePairCorr
  0.99CGVIX Causeway Global ValuePairCorr
  0.98CIISX Causeway InternationalPairCorr
  1.0CIOIX Causeway InternationalPairCorr
  1.0CIOVX Causeway InternationalPairCorr
  1.0CIVVX Causeway InternationalPairCorr
  1.0DOXFX Dodge Cox InternationalPairCorr
  1.0OANIX Oakmark InternationalPairCorr
  0.98DODFX Dodge International StockPairCorr
  1.0OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  1.0OAZIX Oakmark InternationalPairCorr
  0.99FINVX Fidelity Series IntePairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  1.0RRIGX T Rowe PricePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.97FBKFX Fidelity BalancedPairCorr
  0.97MIFIX Miller Intermediate BondPairCorr
  0.98MAANX Mutual Of AmericaPairCorr
  0.99MECZX Amg Managers CadencePairCorr
  0.79PCIMX California IntermediatePairCorr
  0.97RBITX American Funds 2050PairCorr
  0.95AOFAX Alger Small CapPairCorr
  0.99JIESX Jpmorgan InternationalPairCorr
  0.98LSIRX Clearbridge Mid CapPairCorr
  0.95DOPIX Dreyfus OpportunisticPairCorr
  0.97CGQYX Columbia DisciplinedPairCorr
  0.98SMGAX Saat Servative StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway International 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 International'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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