Causeway Emerging Correlations

Mutual Funds . USA . 
Fund . Causeway Emerging Markets
CEMVX Fund  USD 11.43  0.08  0.70%   
The current 90-days correlation between Causeway Emerging Markets and Fidelity Government Money is -0.07 (i.e., Good 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Causeway Emerging Markets. 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 real.

Moving together with Causeway Mutual Fund

  0.86CVISX Causeway InternationalPairCorr
  1.0CEMIX Causeway Emerging MarketsPairCorr
  0.71CGVVX Causeway Global ValuePairCorr
  0.86CIISX Causeway InternationalPairCorr
  0.79CIOIX Causeway International Potential GrowthPairCorr
  0.79CIOVX Causeway International Potential GrowthPairCorr
  0.75CIVVX Causeway InternationalPairCorr
  0.75CIVIX Causeway InternationalPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.8FWWNX American Funds NewPairCorr
  0.8FNFWX American Funds NewPairCorr
  0.67NEWFX New World FundPairCorr
  0.79NWFFX New World FundPairCorr
  0.79NEWCX New World FundPairCorr
  0.93ODVYX Oppenheimer DevelopingPairCorr
  0.83NWXVX Nationwide InternationalPairCorr
  0.73TSOHX Tiaa Cref SocialPairCorr
  0.71NWXPX Nationwide InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY