Cullen International Correlations

CIHDX Fund  USD 11.90  0.10  0.85%   
The current 90-days correlation between Cullen International High and Cullen High Dividend is 0.59 (i.e., Very 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

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

  0.61CEMFX Cullen Emerging MarketsPairCorr
  0.79ENHRX Cullen Enhanced EquityPairCorr
  0.79ENHNX Cullen Enhanced EquityPairCorr
  0.78ENHCX Cullen Enhanced EquityPairCorr
  0.74CHDVX Cullen High DividendPairCorr
  0.74CHDEX Cullen High DividendPairCorr
  1.0CIHIX Cullen International HighPairCorr
  1.0CIHCX Cullen International HighPairCorr
  0.97DOXFX Dodge Cox InternationalPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.97DODFX Dodge International StockPairCorr
  0.95OAKIX Oakmark InternationalPairCorr
  0.96OAYIX Oakmark InternationalPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.99FINVX Fidelity Series IntePairCorr
  0.94VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.94UGPIX Ultrachina ProfundPairCorr
  0.94UGPSX Ultrachina ProfundPairCorr
  0.89PMPIX Precious Metals UltrPairCorr
  0.97MEERX Massmutual PremierPairCorr
  0.88SAEMX Sa Emerging MarketsPairCorr
  0.77DBIWX Dws Global MacroPairCorr
  0.93ABNOX Ab Bond InflationPairCorr
  0.98GF New Germany ClosedPairCorr
  0.9HRBDX Harbor Bond FundPairCorr
  0.95EMBAX Unconstrained EmergingPairCorr

Moving against Cullen Mutual Fund

  0.71CUSCX Cullen Small CapPairCorr
  0.71CUSRX Cullen Small CapPairCorr
  0.7CUSIX Cullen Small CapPairCorr
  0.45CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis

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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   
CIHIXCAMIX
CIVVXCAMIX
CIVVXCIHIX
CAMIXCHDEX
CIVVXCHDEX
CIHIXCHDEX
  
High negative correlations   
LCAOXCIHIX
LCAOXCAMIX

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.