Causeway International Correlations

CVISX Fund

USD 13.70 0.11 0.80%

The current 90-days correlation between Causeway International and Small Pany Growth is 0.29 (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

Modest diversification

The correlation between Causeway International Small and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Small 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 Small. 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 state.

Moving together with Causeway Mutual Fund

0.69	CEMVX	Causeway Emerging Markets	Pair Corr
0.96	CGVVX	Causeway Global Value	Pair Corr
0.96	CGVIX	Causeway Global Value	Pair Corr
1.0	CIISX	Causeway International	Pair Corr
0.89	CIOIX	Causeway International	Pair Corr
0.89	CIOVX	Causeway International	Pair Corr
0.84	CIVVX	Causeway International	Pair Corr
0.81	CIVIX	Causeway International	Pair Corr
0.73	OANEX	Oakmark International	Pair Corr
0.66	KGGIX	Kopernik Global All	Pair Corr
0.63	KGGAX	Kopernik Global All	Pair Corr
0.73	OAZEX	Oakmark International	Pair Corr
0.73	OAYEX	Oakmark International	Pair Corr
0.75	OAKEX	Oakmark International	Pair Corr

Moving against Causeway Mutual Fund

0.45	HMEZX	Highland Merger Arbitrage	Pair Corr
0.39	CWXCX	Catalyst/warrington	Pair Corr

Related Correlations Analysis

	MSSGX	OLGCX	MGHRX	TEGRX	FLOKX	HSUAX
MSSGX		0.84	0.79	0.41	0.48	0.66	MSSGX
OLGCX	0.84		0.72	0.69	0.7	0.8	OLGCX
MGHRX	0.79	0.72		0.58	0.78	0.86	MGHRX
TEGRX	0.41	0.69	0.58		0.9	0.66	TEGRX
FLOKX	0.48	0.7	0.78	0.9		0.8	FLOKX
HSUAX	0.66	0.8	0.86	0.66	0.8		HSUAX
	MSSGX	OLGCX	MGHRX	TEGRX	FLOKX	HSUAX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MSSGX	1.52	(0.10)	(0.14)	3.29	(2.85)	10.50
OLGCX	0.92	(0.04)	(0.08)	1.64	(2.06)	5.32
MGHRX	1.41	(0.06)	(0.16)	2.88	(2.70)	9.19
TEGRX	0.56	(0.02)	(0.06)	0.94	(1.45)	3.24
FLOKX	0.60	0.00	(0.02)	0.94	(1.43)	3.36
HSUAX	0.75	0.00	(0.03)	1.31	(1.56)	4.98

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