Cullen International Correlations

CIHCX Fund

USD 10.97 0.07 0.64%

The current 90-days correlation between Cullen International High and Wisdomtree Siegel Moderate is 0.33 (i.e., Weak diversification). The correlation of Cullen International 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 International Correlation With Market

Weak diversification

The correlation between Cullen International High and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen International High 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 International High. 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 main economic indicators.

Moving together with Cullen Mutual Fund

0.83	CIHPX	Cullen International High	Pair Corr
1.0	CIHIX	Cullen International High	Pair Corr
1.0	CIHDX	Cullen International High	Pair Corr
0.62	DOXFX	Dodge Cox International	Pair Corr
0.85	OANIX	Oakmark International	Pair Corr
0.62	DODFX	Dodge International Stock	Pair Corr
0.85	OAKIX	Oakmark International	Pair Corr
0.85	OAYIX	Oakmark International	Pair Corr
0.85	OAZIX	Oakmark International	Pair Corr
0.93	FINVX	Fidelity Series Inte	Pair Corr
0.81	VTRIX	Vanguard International	Pair Corr
0.95	RRIGX	T Rowe Price	Pair Corr
0.74	XNXJX	Nuveen New Jersey	Pair Corr
0.77	NXJ	Nuveen New Jersey	Pair Corr
0.77	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Cullen Mutual Fund

0.55	CVLVX	Cullen Value	Pair Corr
0.55	CVLEX	Cullen Value	Pair Corr
0.53	CVLFX	Cullen Value	Pair Corr
0.48	CUSIX	Cullen Small Cap	Pair Corr
0.48	CUSRX	Cullen Small Cap	Pair Corr
0.47	CUSCX	Cullen Small Cap	Pair Corr
0.43	ENHNX	Cullen Enhanced Equity	Pair Corr
0.42	ENHRX	Cullen Enhanced Equity	Pair Corr
0.38	ENHCX	Cullen Enhanced Equity	Pair Corr
0.8	XPPRX	Voya Prime Rate	Pair Corr
0.69	AMEIX	Equity Growth	Pair Corr
0.64	LGWIX	Ladenburg Growth	Pair Corr
0.63	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.62	PCF	Putnam High Income	Pair Corr
0.6	XNKGX	Nuveen Georgia Quality	Pair Corr
0.59	TBDQX	Pgim Jennison Diversified	Pair Corr
0.32	PFN	Pimco Income Strategy	Pair Corr

Related Correlations Analysis

	MODRX	BIMPX	CMACX	JLMOX	FHRVX	URFRX	SMOAX
MODRX		0.33	0.18	0.36	0.61	-0.05	0.6	MODRX
BIMPX	0.33		0.94	0.97	0.83	0.83	0.87	BIMPX
CMACX	0.18	0.94		0.96	0.71	0.95	0.76	CMACX
JLMOX	0.36	0.97	0.96		0.86	0.85	0.89	JLMOX
FHRVX	0.61	0.83	0.71	0.86		0.56	0.98	FHRVX
URFRX	-0.05	0.83	0.95	0.85	0.56		0.6	URFRX
SMOAX	0.6	0.87	0.76	0.89	0.98	0.6		SMOAX
	MODRX	BIMPX	CMACX	JLMOX	FHRVX	URFRX	SMOAX

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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

SMOAX	+ 0.98	FHRVX
JLMOX	+ 0.97	BIMPX
JLMOX	+ 0.96	CMACX
URFRX	+ 0.95	CMACX
CMACX	+ 0.94	BIMPX
SMOAX	+ 0.89	JLMOX

High negative correlations

URFRX

- 0.05

MODRX

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen International 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 International'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
MODRX	0.30	0.01	(0.24)	0.18	0.24	(0.43)	0.72	(0.63)	1.52
BIMPX	0.25	(0.01)	(0.32)	0.07	0.23	(0.36)	0.75	(0.60)	1.58
CMACX	0.35	(0.03)	(0.19)	0.07	0.41	(0.37)	0.72	(0.71)	2.02
JLMOX	0.26	(0.01)	(0.30)	0.08	0.25	(0.28)	0.63	(0.63)	1.35
FHRVX	0.25	(0.02)	(0.37)	0.04	0.27	(0.29)	0.56	(0.55)	1.54
URFRX	0.43	(0.03)	(0.15)	0.07	0.49	(0.50)	0.95	(0.80)	2.44
SMOAX	0.20	(0.02)	(0.44)	0.05	0.18	(0.23)	0.34	(0.42)	1.10

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