Causeway International Correlations

CIOVX Fund

USD 16.75 0.21 1.24%

The current 90-days correlation between Causeway International and Causeway Emerging Markets is 0.14 (i.e., Average 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 real.

Moving together with Causeway Mutual Fund

0.95	CVISX	Causeway International	Pair Corr
0.74	CEMIX	Causeway Emerging Markets	Pair Corr
0.76	CEMVX	Causeway Emerging Markets	Pair Corr
0.9	CGVVX	Causeway Global Value	Pair Corr
0.9	CGVIX	Causeway Global Value	Pair Corr
0.95	CIISX	Causeway International	Pair Corr
1.0	CIOIX	Causeway International	Pair Corr
0.87	CIVVX	Causeway International	Pair Corr
1.0	CIVIX	Causeway International	Pair Corr
0.99	DOXFX	Dodge Cox International	Pair Corr
0.84	DODFX	Dodge International Stock	Pair Corr
0.87	OAKIX	Oakmark International	Pair Corr
0.87	OAYIX	Oakmark International	Pair Corr
0.98	OAZIX	Oakmark International	Pair Corr
0.97	FINVX	Fidelity Series Inte	Pair Corr
0.85	VTRIX	Vanguard International	Pair Corr
0.79	RRIGX	T Rowe Price	Pair Corr
0.77	BRUFX	Bruce Fund Bruce	Pair Corr
0.77	KF	Korea Closed	Pair Corr
0.79	HYMQX	Lord Abbett Short	Pair Corr
0.93	FPNRX	Fpa New Income	Pair Corr
0.92	FFBAX	First Foundation Fixed	Pair Corr
0.75	AGD	Aberdeen Global Dynamic	Pair Corr
0.9	DPCFX	Delaware Diversified	Pair Corr
0.84	XPTFX	Federated Project And	Pair Corr
0.96	LINTX	L Abbett International	Pair Corr
0.98	LICYX	Lord Abbett International	Pair Corr
0.65	SWRSX	Schwab Treasury Inflation	Pair Corr
0.76	PBAKX	Blackrock Tactical	Pair Corr
0.84	LZFIX	Lazard Equity Franchise	Pair Corr

Moving against Causeway Mutual Fund

0.4	SPGSX	State Street Premier	Pair Corr
0.33	RYMJX	Commodities Strategy	Pair Corr
0.32	RYMEX	Commodities Strategy	Pair Corr
0.31	RYMBX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	CEMIX	CEMVX	CGVVX	CGVIX	CIISX	CIOIX	CIOVX	CIVVX	CIVIX
CEMIX		0.85	0.63	0.63	0.82	0.74	0.74	0.73	0.71	CEMIX
CEMVX	0.85		0.66	0.66	0.88	0.76	0.76	0.8	0.72	CEMVX
CGVVX	0.63	0.66		1.0	0.86	0.9	0.9	0.74	0.9	CGVVX
CGVIX	0.63	0.66	1.0		0.86	0.9	0.9	0.75	0.9	CGVIX
CIISX	0.82	0.88	0.86	0.86		0.95	0.95	0.84	0.93	CIISX
CIOIX	0.74	0.76	0.9	0.9	0.95		1.0	0.87	1.0	CIOIX
CIOVX	0.74	0.76	0.9	0.9	0.95	1.0		0.87	1.0	CIOVX
CIVVX	0.73	0.8	0.74	0.75	0.84	0.87	0.87		0.86	CIVVX
CIVIX	0.71	0.72	0.9	0.9	0.93	1.0	1.0	0.86		CIVIX
	CEMIX	CEMVX	CGVVX	CGVIX	CIISX	CIOIX	CIOVX	CIVVX	CIVIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CEMIX	0.80	0.03	0.08	(0.79)	1.10	(0.80)	1.60	(2.19)	6.10
CEMVX	0.83	0.04	0.06	0.05	1.18	(0.80)	1.66	(2.15)	6.09
CGVVX	0.67	0.10	0.12	0.07	0.85	(0.72)	1.73	(1.54)	4.41
CGVIX	0.68	0.10	0.12	0.08	0.86	(0.72)	1.79	(1.46)	4.46
CIISX	0.64	0.09	0.13	0.11	0.74	(0.76)	1.74	(1.55)	4.87
CIOIX	0.69	0.16	0.19	0.24	0.72	(0.75)	1.54	(1.35)	4.96
CIOVX	0.69	0.16	0.19	0.24	0.72	(0.75)	1.55	(1.31)	4.89
CIVVX	0.78	0.21	0.24	0.32	0.78	(0.86)	1.83	(1.34)	4.62
CIVIX	0.73	0.20	0.23	0.30	0.73	(0.79)	1.81	(1.33)	4.68

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