| CVLEX Fund | | | USD 13.66 0.07 0.51% |
The current 90-days correlation between Cullen Value and Cullen High Dividend is 0.88 (i.e., Very poor diversification). The correlation of Cullen Value 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.
Cullen Value Correlation With Market
Poor diversification
The correlation between Cullen Value Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Value Fund and DJI in the same portfolio, assuming nothing else is changed.
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Trending Equities to better understand how to build diversified portfolios, which includes a position in Cullen Value Fund. 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 income.
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 | SEGPX | | CHDEX | | HVORX | | CHDEX | | HVOSX | | CHDEX | | HVORX | | SEGPX | | HVOSX | | SEGPX | | HVOSX | | HVORX |
| | High negative correlations | HVOSX | | HVORX | | HVOSX | | SEGPX | | HVORX | | SEGPX | | HVOSX | | CHDEX | | HVORX | | CHDEX |
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Risk-Adjusted IndicatorsThere is a big difference between Cullen Mutual Fund performing well and Cullen Value 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 Cullen Value'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.