Cullen Value Correlations

CVLVX Fund

USD 13.61 0.06 0.44%

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.

Check out 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 real.

Moving together with Cullen Mutual Fund

1.0	CVLFX	Cullen Value	Pair Corr
1.0	CVLEX	Cullen Value	Pair Corr
0.65	CHDVX	Cullen High Dividend	Pair Corr
0.65	CHDEX	Cullen High Dividend	Pair Corr
0.67	CHVCX	Cullen High Dividend	Pair Corr
0.89	VVIAX	Vanguard Value Index	Pair Corr
0.76	DOXGX	Dodge Cox Stock	Pair Corr
0.88	AFMFX	American Mutual	Pair Corr
0.88	FFMMX	American Funds American	Pair Corr
0.88	FFFMX	American Funds American	Pair Corr
0.88	AMRMX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.89	VIVAX	Vanguard Value Index	Pair Corr
0.73	CIF	Mfs Intermediate High	Pair Corr

Related Correlations Analysis

	CCMSX	ANTMX	TVOYX	GLVIX	CIPNX	SECAX
CCMSX		0.0	0.0	0.0	0.0	0.0	CCMSX
ANTMX	0.0		0.47	0.73	0.44	0.39	ANTMX
TVOYX	0.0	0.47		0.79	0.89	0.92	TVOYX
GLVIX	0.0	0.73	0.79		0.63	0.61	GLVIX
CIPNX	0.0	0.44	0.89	0.63		0.98	CIPNX
SECAX	0.0	0.39	0.92	0.61	0.98		SECAX
	CCMSX	ANTMX	TVOYX	GLVIX	CIPNX	SECAX

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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

SECAX	+ 0.98	CIPNX
SECAX	+ 0.92	TVOYX
CIPNX	+ 0.89	TVOYX
GLVIX	+ 0.79	TVOYX
GLVIX	+ 0.73	ANTMX
CIPNX	+ 0.63	GLVIX

High negative correlations

SECAX	- 0.0	CCMSX
CIPNX	- 0.0	CCMSX
GLVIX	- 0.0	CCMSX
TVOYX	- 0.0	CCMSX
ANTMX	- 0.0	CCMSX

Risk-Adjusted Indicators

There 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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00
ANTMX	0.73	(0.03)	0.21	1.48	(1.52)	5.64
TVOYX	0.84	(0.10)	(0.17)	1.43	(1.95)	4.01
GLVIX	0.92	(0.03)	(0.10)	1.50	(2.12)	5.60
CIPNX	1.00	(0.21)	(0.30)	1.38	(2.00)	11.53
SECAX	1.06	(0.23)	(0.30)	1.46	(2.57)	11.65

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