Cullen International Correlations

CIHDX Fund

USD 11.35 0.05 0.44%

The current 90-days correlation between Cullen International High and Cullen High Dividend is 0.64 (i.e., Poor 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

Very weak diversification

The correlation between Cullen International High and DJI is 0.45 (i.e., Very 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 unemployment.

Moving together with Cullen Mutual Fund

0.65	ENHRX	Cullen Enhanced Equity	Pair Corr
0.65	ENHNX	Cullen Enhanced Equity	Pair Corr
0.63	ENHCX	Cullen Enhanced Equity	Pair Corr
0.79	CHDVX	Cullen High Dividend	Pair Corr
0.78	CHDEX	Cullen High Dividend	Pair Corr
0.77	CHVCX	Cullen High Dividend	Pair Corr
1.0	CIHIX	Cullen International High	Pair Corr
1.0	CIHCX	Cullen International High	Pair Corr
0.97	DOXFX	Dodge Cox International	Pair Corr
0.9	OANIX	Oakmark International	Pair Corr
0.95	DODFX	Dodge International Stock	Pair Corr
0.9	OAKIX	Oakmark International	Pair Corr
0.9	OAYIX	Oakmark International	Pair Corr
0.9	OAZIX	Oakmark International	Pair Corr
0.96	FINVX	Fidelity Series Inte	Pair Corr
0.71	VTRIX	Vanguard International	Pair Corr
0.94	RRIGX	T Rowe Price	Pair Corr
0.75	VFFRX	Victory Incore	Pair Corr
0.94	ICEIX	Ivy International	Pair Corr

Moving against Cullen Mutual Fund

0.32

SMPIX

Semiconductor Ultrasector

Pair Corr

Related Correlations Analysis

	CHDEX	CAMIX	CIHIX	CIVVX	LCAOX
CHDEX		0.68	0.78	0.74	0.46	CHDEX
CAMIX	0.68		0.93	0.66	0.04	CAMIX
CIHIX	0.78	0.93		0.83	0.28	CIHIX
CIVVX	0.74	0.66	0.83		0.73	CIVVX
LCAOX	0.46	0.04	0.28	0.73		LCAOX
	CHDEX	CAMIX	CIHIX	CIVVX	LCAOX

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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
CHDEX	0.51	0.02	0.04	0.02	0.74	(0.49)	0.93	(0.83)	3.22
CAMIX	0.53	0.12	0.16	0.25	0.63	(0.56)	1.27	(1.38)	3.74
CIHIX	0.50	0.08	0.11	0.16	0.73	(0.52)	1.09	(0.81)	3.37
CIVVX	0.75	0.06	0.05	0.12	1.41	(0.73)	1.69	(1.71)	7.47
LCAOX	0.66	(0.07)	0.00	(0.15)	0.00	0.00	1.07	(1.37)	6.17

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