Cullen High Correlations

CHDVX Fund

USD 13.34 0.06 0.45%

The current 90-days correlation between Cullen High Dividend and American Century High is 0.46 (i.e., Very weak diversification). The correlation of Cullen High 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 High Correlation With Market

Significant diversification

The correlation between Cullen High Dividend and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen High Dividend 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 High Dividend. 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 Cullen Mutual Fund

0.7	CVLVX	Cullen Value	Pair Corr
0.67	CVLFX	Cullen Value	Pair Corr
0.69	CVLEX	Cullen Value	Pair Corr
0.97	ENHRX	Cullen Enhanced Equity	Pair Corr
0.96	ENHNX	Cullen Enhanced Equity	Pair Corr
0.97	ENHCX	Cullen Enhanced Equity	Pair Corr
1.0	CHDEX	Cullen High Dividend	Pair Corr
0.77	CHVCX	Cullen High Dividend	Pair Corr
0.72	CIHIX	Cullen International High	Pair Corr
0.72	CIHCX	Cullen International High	Pair Corr
0.72	CIHDX	Cullen International High	Pair Corr
0.77	VVIAX	Vanguard Value Index	Pair Corr
0.86	DOXGX	Dodge Cox Stock	Pair Corr
0.78	AFMFX	American Mutual	Pair Corr
0.78	FFMMX	American Funds American	Pair Corr
0.78	FFFMX	American Funds American	Pair Corr
0.78	AMRMX	American Mutual	Pair Corr
0.78	AMFFX	American Mutual	Pair Corr
0.78	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.77	VIVAX	Vanguard Value Index	Pair Corr
0.67	EMO	Clearbridge Energy Mlp	Pair Corr
0.66	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.65	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.8	BORCX	Collegeadvantage 529	Pair Corr
0.65	BBNTX	Sterling Capital North	Pair Corr

Moving against Cullen Mutual Fund

0.5	SMPSX	Semiconductor Ultrasector	Pair Corr
0.49	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	ACHFX	CWFIX	GHVIX	CYBAX	TRKZX	MZHIX	OHSHX	RHYKX
ACHFX		0.93	0.86	1.0	0.99	0.97	0.95	0.96	ACHFX
CWFIX	0.93		0.75	0.92	0.89	0.95	0.89	0.96	CWFIX
GHVIX	0.86	0.75		0.86	0.85	0.85	0.87	0.73	GHVIX
CYBAX	1.0	0.92	0.86		0.99	0.97	0.95	0.95	CYBAX
TRKZX	0.99	0.89	0.85	0.99		0.96	0.96	0.95	TRKZX
MZHIX	0.97	0.95	0.85	0.97	0.96		0.98	0.95	MZHIX
OHSHX	0.95	0.89	0.87	0.95	0.96	0.98		0.91	OHSHX
RHYKX	0.96	0.96	0.73	0.95	0.95	0.95	0.91		RHYKX
	ACHFX	CWFIX	GHVIX	CYBAX	TRKZX	MZHIX	OHSHX	RHYKX

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Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen High 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 High'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
ACHFX	0.16	0.02	0.39	0.86	0.00	(0.22)	0.47	(0.23)	1.28
CWFIX	0.08	0.02	0.77	(2.37)	0.00	(0.12)	0.11	(0.11)	0.53
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
CYBAX	0.13	0.01	0.52	0.96	0.00	(0.16)	0.44	(0.20)	0.90
TRKZX	0.16	0.02	0.35	1.15	0.00	(0.24)	0.51	(0.34)	1.20
MZHIX	0.13	0.02	0.43	0.43	0.00	(0.17)	0.25	(0.25)	0.89
OHSHX	0.12	0.02	0.35	0.41	0.00	(0.18)	0.23	(0.22)	1.02
RHYKX	0.15	0.03	0.40	1.71	0.00	(0.27)	0.37	(0.18)	0.92

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