Cullen Emerging Correlations
| CEMDX Fund | USD 12.90 0.14 1.10% |
The current 90-days correlation between Cullen Emerging Markets and Johcm Emerging Markets is 0.88 (i.e., Very poor diversification). The correlation of Cullen Emerging 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 Emerging Correlation With Market
Weak diversification
The correlation between Cullen Emerging Markets and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Cullen |
Moving together with Cullen Mutual Fund
| 1.0 | CEMGX | Cullen Emerging Markets | PairCorr |
| 1.0 | CEMFX | Cullen Emerging Markets | PairCorr |
| 0.85 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.85 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.85 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.85 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.72 | FWWNX | American Funds New | PairCorr |
| 0.72 | FNFWX | American Funds New | PairCorr |
| 0.72 | NEWFX | New World Fund | PairCorr |
| 0.72 | NWFFX | New World Fund | PairCorr |
| 0.71 | NEWCX | New World Fund | PairCorr |
| 0.83 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.72 | LINFX | Lord Abbett International | PairCorr |
Related Correlations Analysis
| 0.37 | 0.91 | 0.81 | 0.72 | JOEAX | ||
| 0.37 | 0.36 | 0.76 | 0.18 | WAESX | ||
| 0.91 | 0.36 | 0.75 | 0.65 | VAESX | ||
| 0.81 | 0.76 | 0.75 | 0.67 | ARTYX | ||
| 0.72 | 0.18 | 0.65 | 0.67 | CHDEX | ||
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Risk-Adjusted Indicators
There is a big difference between Cullen Mutual Fund performing well and Cullen Emerging 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 Emerging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JOEAX | 0.85 | 0.08 | 0.09 | 0.15 | 1.08 | 1.65 | 6.33 | |||
| WAESX | 0.93 | (0.02) | 0.00 | (0.06) | 0.00 | 1.84 | 6.10 | |||
| VAESX | 0.57 | 0.00 | 0.00 | (0.04) | 0.00 | 1.26 | 3.78 | |||
| ARTYX | 1.08 | 0.06 | 0.05 | 0.04 | 1.43 | 2.22 | 6.05 | |||
| CHDEX | 0.59 | 0.01 | 0.06 | (0.11) | 0.81 | 1.11 | 3.21 |