Causeway International Correlations

CVISX Fund

USD 14.12 0.11 0.77%

The current 90-days correlation between Causeway International and Small Pany Growth is 0.34 (i.e., Weak 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

Weak diversification

The correlation between Causeway International Small and DJI is 0.37 (i.e., Weak 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

0.8	CEMIX	Causeway Emerging Markets	Pair Corr
0.88	CEMVX	Causeway Emerging Markets	Pair Corr
0.77	CGVVX	Causeway Global Value Potential Growth	Pair Corr
0.77	CGVIX	Causeway Global Value	Pair Corr
1.0	CIISX	Causeway International	Pair Corr
0.94	CIOIX	Causeway International	Pair Corr
0.94	CIOVX	Causeway International	Pair Corr
0.91	CIVVX	Causeway International	Pair Corr
0.91	CIVIX	Causeway International	Pair Corr
0.85	DISVX	Dfa International Small	Pair Corr
0.85	DFVQX	Dfa International Vector	Pair Corr
0.86	FMNEX	Free Market International	Pair Corr
0.86	OANEX	Oakmark International	Pair Corr
0.82	KGGIX	Kopernik Global All	Pair Corr
0.82	KGGAX	Kopernik Global All	Pair Corr
0.86	OAZEX	Oakmark International	Pair Corr
0.86	OAYEX	Oakmark International	Pair Corr
0.86	OAKEX	Oakmark International	Pair Corr
0.62	CSJZX	Cohen Steers Realty	Pair Corr
0.67	CSRSX	Cohen Steers Realty	Pair Corr
0.75	MAHQX	Blackrock Total Ret	Pair Corr
0.73	CPPAX	American Funds Prese	Pair Corr
0.72	VEDIX	Vanguard Extended	Pair Corr
0.75	PFO	Flaherty Crumrine	Pair Corr
0.76	FJAVX	Fidelity Freedom Blend	Pair Corr
0.82	KGIIX	Kopernik International	Pair Corr
0.63	AVAYX	Ab Virginia Portfolio	Pair Corr
0.69	RMDRX	American Funds Multi	Pair Corr
0.75	VWVUX	Tomorrows Scholar College	Pair Corr
0.81	NEWCX	New World Fund	Pair Corr

Moving against Causeway Mutual Fund

0.41	WRHIX	Ivy High Income	Pair Corr
0.38	WHIAX	Ivy High Income	Pair Corr
0.34	WHIYX	Ivy High Income	Pair Corr

Related Correlations Analysis

	MSSGX	ARTSX	DFUKX	QLMSTX	QSERX
MSSGX		0.87	-0.2	0.87	0.96	MSSGX
ARTSX	0.87		-0.24	0.93	0.91	ARTSX
DFUKX	-0.2	-0.24		-0.09	-0.25	DFUKX
QLMSTX	0.87	0.93	-0.09		0.9	QLMSTX
QSERX	0.96	0.91	-0.25	0.9		QSERX
	MSSGX	ARTSX	DFUKX	QLMSTX	QSERX

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

QSERX	+ 0.96	MSSGX
QLMSTX	+ 0.93	ARTSX
QSERX	+ 0.91	ARTSX
QSERX	+ 0.9	QLMSTX
ARTSX	+ 0.87	MSSGX
QLMSTX	+ 0.87	MSSGX

High negative correlations

QSERX	- 0.25	DFUKX
DFUKX	- 0.24	ARTSX
DFUKX	- 0.2	MSSGX
QLMSTX	- 0.09	DFUKX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSSGX	1.74	(0.11)	(0.07)	0.00	0.00	3.81	(3.39)	9.53
ARTSX	1.18	(0.13)	0.87	0.00	0.00	2.24	(3.17)	5.69
DFUKX	0.79	0.00	0.00	1.18	(0.72)	1.96	(2.04)	6.05
QLMSTX	1.04	(0.11)	23.00	0.00	0.00	1.75	(2.77)	5.65
QSERX	0.95	(0.07)	(0.06)	0.00	0.00	1.89	(2.01)	5.43

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