Cullen Value Correlations

CVLFX Fund

USD 14.80 0.08 0.54%

The current 90-days correlation between Cullen Value and Cullen High Dividend is -0.23 (i.e., Very good diversification). The correlation of Cullen Value 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 Value Correlation With Market

Almost no diversification

The correlation between Cullen Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Value Fund 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 Value Fund. 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 census.

Moving together with Cullen Mutual Fund

0.95	CUSRX	Cullen Small Cap Steady Growth	Pair Corr
0.99	CVLVX	Cullen Value	Pair Corr
0.99	CVLEX	Cullen Value	Pair Corr
0.98	CEMGX	Cullen Emerging Markets	Pair Corr
0.98	CEMFX	Cullen Emerging Markets	Pair Corr
0.98	CEMDX	Cullen Emerging Markets	Pair Corr
0.95	ENHRX	Cullen Enhanced Equity	Pair Corr
0.95	ENHNX	Cullen Enhanced Equity	Pair Corr
0.95	ENHCX	Cullen Enhanced Equity	Pair Corr
0.97	CHDVX	Cullen High Dividend	Pair Corr
0.98	CHDEX	Cullen High Dividend	Pair Corr
0.98	CHVCX	Cullen High Dividend	Pair Corr
0.91	CIHCX	Cullen International High	Pair Corr
0.92	CIHDX	Cullen International High	Pair Corr
1.0	VVIAX	Vanguard Value Index	Pair Corr
0.99	DOXGX	Dodge Cox Stock	Pair Corr
0.99	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.97	AMRMX	American Mutual	Pair Corr
0.98	AMFFX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.99	DODGX	Dodge Stock Fund	Pair Corr
1.0	VIVAX	Vanguard Value Index	Pair Corr
0.92	FSMMX	Fs Multi Strategy	Pair Corr
0.92	BTMPX	Ishares Msci Eafe	Pair Corr
0.92	BTMKX	Blackrock International	Pair Corr
0.94	MDIIX	Blackrock Intern Index	Pair Corr
0.63	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.64	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.97	MHEIX	Mh Elite Income	Pair Corr
0.76	RCBGX	American Funds Porate	Pair Corr
0.94	RSPYX	Victory Rs Partners	Pair Corr
0.97	VINEX	Vanguard International	Pair Corr

Related Correlations Analysis

	CHDEX	SEGPX	CIHDX	CUSRX	CEMDX	FAKDX
CHDEX		0.58	0.92	0.95	0.98	0.55	CHDEX
SEGPX	0.58		0.57	0.6	0.56	-0.1	SEGPX
CIHDX	0.92	0.57		0.88	0.93	0.47	CIHDX
CUSRX	0.95	0.6	0.88		0.95	0.52	CUSRX
CEMDX	0.98	0.56	0.93	0.95		0.54	CEMDX
FAKDX	0.55	-0.1	0.47	0.52	0.54		FAKDX
	CHDEX	SEGPX	CIHDX	CUSRX	CEMDX	FAKDX

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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

CEMDX	+ 0.98	CHDEX
CUSRX	+ 0.95	CHDEX
CEMDX	+ 0.95	CUSRX
CEMDX	+ 0.93	CIHDX
CIHDX	+ 0.92	CHDEX
CUSRX	+ 0.88	CIHDX

High negative correlations

FAKDX

- 0.1

SEGPX

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Value 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 Value'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
CHDEX	0.51	0.17	(0.02)	(1.44)	0.41	(0.55)	1.46	(0.83)	3.52
SEGPX	0.15	(0.01)	0.00	0.04	0.00	0.00	0.31	(0.21)	2.48
CIHDX	0.44	0.13	(0.04)	1.32	0.33	(0.52)	1.02	(0.80)	2.14
CUSRX	1.12	0.21	0.05	1.20	1.23	(1.16)	2.75	(2.35)	7.96
CEMDX	0.48	0.23	0.13	5.28	0.00	(0.64)	1.38	(0.92)	3.26
FAKDX	0.61	0.07	0.00	0.29	0.43	(0.75)	1.39	(1.08)	5.14

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