Causeway Global Correlations
| CGVIX Fund | USD 13.31 0.07 0.52% |
The current 90-days correlation between Causeway Global Value and Delaware Healthcare Fund is 0.1 (i.e., Average diversification). The correlation of Causeway Global 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 Global Correlation With Market
Modest diversification
The correlation between Causeway Global Value and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Global Value and DJI in the same portfolio, assuming nothing else is changed.
Causeway |
Moving together with Causeway Mutual Fund
| 0.64 | CGVVX | Causeway Global Value | PairCorr |
| 0.72 | CIOIX | Causeway International | PairCorr |
| 0.78 | TEDRX | Franklin Mutual Global | PairCorr |
| 0.75 | FMDRX | Franklin Mutual Global | PairCorr |
| 0.7 | DOXWX | Dodge Cox Global | PairCorr |
| 0.7 | DODWX | Dodge Global Stock | PairCorr |
| 0.77 | TEDIX | Franklin Mutual Global | PairCorr |
| 0.74 | MDISX | Franklin Mutual Global | PairCorr |
| 0.77 | TEDSX | Franklin Mutual Global | PairCorr |
| 0.67 | BEGRX | Franklin Mutual Beacon | PairCorr |
| 0.68 | GIOIX | Guggenheim Macro Opp | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Causeway Mutual Fund performing well and Causeway Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLRHX | 0.63 | 0.06 | 0.12 | 0.06 | 0.75 | 1.30 | 3.41 | |||
| LOGSX | 0.67 | 0.01 | 0.00 | (0.04) | 0.00 | 1.18 | 3.69 | |||
| SWHFX | 0.72 | 0.00 | 0.00 | (0.07) | 0.00 | 1.29 | 7.88 | |||
| HIAHX | 0.68 | 0.03 | 0.00 | (0.03) | 0.00 | 1.39 | 4.43 | |||
| BHSRX | 0.63 | 0.06 | 0.12 | 0.04 | 0.72 | 1.32 | 3.74 | |||
| GTHCX | 0.82 | (0.08) | 0.00 | (0.18) | 0.00 | 1.26 | 9.65 | |||
| LYFCX | 0.59 | 0.04 | 0.10 | 0.02 | 0.71 | 1.17 | 3.17 | |||
| HGHYX | 0.69 | 0.02 | 0.00 | (0.03) | 0.00 | 1.41 | 4.37 |