Causeway International Correlations

CIOVX Fund

USD 16.60 0.03 0.18%

The current 90-days correlation between Causeway International and Us Government Securities is 0.2 (i.e., Modest 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 good diversification

The correlation between Causeway International Opportu and DJI is -0.21 (i.e., Very good 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 real.

Moving together with Causeway Mutual Fund

0.85	CVISX	Causeway International	Pair Corr
0.77	CEMIX	Causeway Emerging Markets	Pair Corr
0.71	CEMVX	Causeway Emerging Markets	Pair Corr
0.79	CGVVX	Causeway Global Value	Pair Corr
0.79	CGVIX	Causeway Global Value	Pair Corr
0.85	CIISX	Causeway International	Pair Corr
1.0	CIOIX	Causeway International	Pair Corr
0.94	CIVVX	Causeway International	Pair Corr
0.93	CIVIX	Causeway International	Pair Corr
0.63	DOXFX	Dodge Cox International	Pair Corr
0.7	DODFX	Dodge International Stock	Pair Corr
0.88	VTRIX	Vanguard International	Pair Corr
0.82	GPBFX	Gmo E Plus	Pair Corr
0.78	WARCX	Wells Fargo Advantage	Pair Corr
0.61	GF	New Germany Closed	Pair Corr
0.7	PDINX	Putnam Diversified Income	Pair Corr
0.72	PNGAX	Putnam International	Pair Corr
0.73	STISX	Federated Strategic	Pair Corr

Moving against Causeway Mutual Fund

0.62	PQTNX	Pimco Trends Managed	Pair Corr
0.55	PQTAX	Pimco Trends Managed	Pair Corr
0.55	PQTIX	Aa Pimco Tr	Pair Corr
0.43	GPMFX	Guidepath Managed Futures	Pair Corr
0.48	SRDBX	Stone Ridge Diversified	Pair Corr

Related Correlations Analysis

	UGSFX	FHNFX	RYAQX	TAMXX	PBMXX	RGVJX	FCSCX
UGSFX		0.99	-0.66	0.0	0.0	1.0	0.43	UGSFX
FHNFX	0.99		-0.73	0.0	0.0	0.98	0.35	FHNFX
RYAQX	-0.66	-0.73		0.0	0.0	-0.63	0.27	RYAQX
TAMXX	0.0	0.0	0.0		0.0	0.0	0.0	TAMXX
PBMXX	0.0	0.0	0.0	0.0		0.0	0.0	PBMXX
RGVJX	1.0	0.98	-0.63	0.0	0.0		0.47	RGVJX
FCSCX	0.43	0.35	0.27	0.0	0.0	0.47		FCSCX
	UGSFX	FHNFX	RYAQX	TAMXX	PBMXX	RGVJX	FCSCX

Click cells to compare fundamentals

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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

RGVJX	+ 1.0	UGSFX
FHNFX	+ 0.99	UGSFX
RGVJX	+ 0.98	FHNFX
FCSCX	+ 0.47	RGVJX
FCSCX	+ 0.43	UGSFX
FCSCX	+ 0.35	FHNFX

High negative correlations

RYAQX	- 0.73	FHNFX
RYAQX	- 0.66	UGSFX
RGVJX	- 0.63	RYAQX
FCSCX	- 0.0	PBMXX
RGVJX	- 0.0	PBMXX
FCSCX	- 0.0	TAMXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UGSFX	0.26	0.04	0.29	0.39	0.19	(0.31)	0.60	(0.42)	1.63
FHNFX	0.23	0.03	0.30	0.49	0.15	(0.27)	0.55	(0.44)	1.44
RYAQX	0.65	(0.02)	0.00	(0.16)	0.00	0.00	1.21	(1.61)	3.22
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVJX	0.26	0.04	0.29	0.39	0.19	(0.31)	0.60	(0.42)	1.63
FCSCX	0.06	0.01	0.51	(0.84)	0.00	(0.20)	0.13	(0.13)	0.67

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