Causeway International Correlations

Mutual Funds . USA . 
Fund . Causeway International Opportunities
CIOIX Fund  USD 16.90  0.21  1.23%   
The current 90-days correlation between Causeway International and Nt International Small Mid is 0.81 (i.e., Very poor diversification). The correlation of Causeway 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.

Causeway International Correlation With Market

Very weak diversification

The correlation between Causeway International Opportu and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Opportu 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 Causeway International Opportunities. 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 gross domestic product.

Moving together with Causeway Mutual Fund

  0.95CVISX Causeway InternationalPairCorr
  0.8CEMIX Causeway Emerging MarketsPairCorr
  0.8CEMVX Causeway Emerging MarketsPairCorr
  0.9CGVVX Causeway Global ValuePairCorr
  0.9CGVIX Causeway Global ValuePairCorr
  0.95CIISX Causeway InternationalPairCorr
  1.0CIOVX Causeway InternationalPairCorr
  1.0CIVVX Causeway InternationalPairCorr
  1.0CIVIX Causeway InternationalPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.98OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  0.98OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  0.98RRIGX T Rowe PricePairCorr
  0.89BRUFX Bruce Fund BrucePairCorr
  0.84KF Korea ClosedPairCorr
  0.79HYMQX Lord Abbett ShortPairCorr
  0.93FPNRX Fpa New IncomePairCorr
  0.92FFBAX First Foundation FixedPairCorr
  0.82AGD Aberdeen Global DynamicPairCorr
  0.9DPCFX Delaware DiversifiedPairCorr
  0.99LIDCX Lord Abbett InternationalPairCorr
  0.67UIPIX Ultrashort Mid CapPairCorr
  0.84XPTFX Federated Project AndPairCorr
  0.96LINTX L Abbett InternationalPairCorr
  0.98LICYX Lord Abbett InternationalPairCorr
  0.92SWRSX Schwab Treasury InflationPairCorr
  0.76PBAKX Blackrock TacticalPairCorr

Moving against Causeway Mutual Fund

  0.6SPGSX State Street PremierPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway 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 Causeway 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.

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