Causeway Emerging Correlations
| CEMIX Fund | USD 11.25 0.08 0.71% |
The current 90-days correlation between Causeway Emerging Markets and Oppenheimer International Diversified is 0.05 (i.e., Significant diversification). The correlation of Causeway 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.
Causeway Emerging Correlation With Market
Weak diversification
The correlation between Causeway Emerging Markets and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
Causeway |
Moving together with Causeway Mutual Fund
| 0.86 | CVISX | Causeway International | PairCorr |
| 1.0 | CEMVX | Causeway Emerging Markets | PairCorr |
| 0.71 | CGVVX | Causeway Global Value | PairCorr |
| 0.86 | CIISX | Causeway International | PairCorr |
| 0.79 | CIOIX | Causeway International Potential Growth | PairCorr |
| 0.79 | CIOVX | Causeway International Potential Growth | PairCorr |
| 0.75 | CIVVX | Causeway International | PairCorr |
| 0.75 | CIVIX | Causeway International | PairCorr |
| 0.97 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.97 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.97 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.97 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.8 | FWWNX | American Funds New | PairCorr |
| 0.8 | FNFWX | American Funds New | PairCorr |
| 0.67 | NEWFX | New World Fund | PairCorr |
| 0.8 | NWFFX | New World Fund | PairCorr |
| 0.79 | NEWCX | New World Fund | PairCorr |
| 0.93 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.84 | NWXVX | Nationwide International | PairCorr |
| 0.73 | TSOHX | Tiaa Cref Social | PairCorr |
| 0.72 | NWXPX | Nationwide International | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Causeway Mutual Fund performing well and Causeway 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 Causeway 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OIDAX | 0.71 | (0.04) | 0.00 | 0.17 | 0.00 | 1.42 | 5.03 | |||
| SRDAX | 0.17 | 0.00 | 0.00 | 0.00 | 0.18 | 0.29 | 0.76 | |||
| WDIAX | 0.66 | 0.00 | 0.00 | 0.00 | 0.90 | 1.24 | 3.28 | |||
| PHTTX | 0.35 | (0.01) | 0.00 | (0.03) | 0.00 | 0.67 | 1.95 | |||
| ACBPX | 0.25 | 0.01 | 0.02 | 0.31 | 0.23 | 0.56 | 1.23 | |||
| QDARX | 0.08 | 0.03 | 0.26 | 1.92 | 0.00 | 0.25 | 0.49 | |||
| MDBLX | 0.23 | 0.01 | 0.04 | 0.26 | 0.18 | 0.50 | 1.38 |