Cullen Enhanced Correlations

ENHCX Fund

USD 10.69 0.07 0.66%

The current 90-days correlation between Cullen Enhanced Equity and Eip Growth And is 0.62 (i.e., Poor diversification). The correlation of Cullen Enhanced 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 Enhanced Correlation With Market

Very weak diversification

The correlation between Cullen Enhanced Equity and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cullen Enhanced Equity. 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 main economic indicators.

Moving together with Cullen Mutual Fund

1.0	ENHRX	Cullen Enhanced Equity	Pair Corr
1.0	ENHNX	Cullen Enhanced Equity	Pair Corr
0.97	CHDVX	Cullen High Dividend	Pair Corr
0.89	CHDEX	Cullen High Dividend	Pair Corr
0.65	CHVCX	Cullen High Dividend	Pair Corr
0.78	CIHIX	Cullen International High	Pair Corr
0.78	CIHCX	Cullen International High	Pair Corr
0.78	CIHDX	Cullen International High	Pair Corr
0.86	BMCIX	Blackrock High Equity	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr
0.84	DABLX	Dreyfus Yield Enhancement	Pair Corr
0.71	GF	New Germany Closed	Pair Corr
0.78	IIBAX	Voya Intermediate Bond	Pair Corr
0.76	VSGDX	Vanguard Short Term	Pair Corr
0.8	TASTX	Transamerica Short Term	Pair Corr
0.83	FFLQX	Franklin Federal Lim	Pair Corr
0.77	OPIGX	Oppenheimer Core Bond	Pair Corr
0.88	VWINX	Vanguard Wellesley Income	Pair Corr
0.84	EVUYX	Wells Fargo Advantage	Pair Corr
0.77	FMUUX	Federated Municipal	Pair Corr

Moving against Cullen Mutual Fund

0.34	CUSCX	Cullen Small Cap	Pair Corr
0.33	CUSIX	Cullen Small Cap	Pair Corr
0.33	CUSRX	Cullen Small Cap	Pair Corr

Related Correlations Analysis

	EIPIX	ARTSX	NSBCX	CDGCX	NEAIX	UPDDX	AUERX	TAAEX
EIPIX		0.14	0.3	0.14	0.14	0.25	0.29	0.24	EIPIX
ARTSX	0.14		0.83	0.22	0.97	0.76	0.92	0.87	ARTSX
NSBCX	0.3	0.83		0.55	0.79	0.86	0.75	0.92	NSBCX
CDGCX	0.14	0.22	0.55		0.13	0.35	0.1	0.41	CDGCX
NEAIX	0.14	0.97	0.79	0.13		0.75	0.94	0.84	NEAIX
UPDDX	0.25	0.76	0.86	0.35	0.75		0.69	0.81	UPDDX
AUERX	0.29	0.92	0.75	0.1	0.94	0.69		0.85	AUERX
TAAEX	0.24	0.87	0.92	0.41	0.84	0.81	0.85		TAAEX
	EIPIX	ARTSX	NSBCX	CDGCX	NEAIX	UPDDX	AUERX	TAAEX

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Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Enhanced 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 Enhanced'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
EIPIX	0.83	0.03	0.03	0.02	1.68	(0.74)	1.68	(1.72)	7.26
ARTSX	1.18	(0.09)	0.00	(0.12)	0.00	0.00	2.24	(3.17)	5.69
NSBCX	0.67	(0.05)	0.00	(0.10)	0.00	0.00	1.03	(1.31)	3.24
CDGCX	0.67	(0.05)	0.00	(0.11)	0.00	0.00	1.12	(1.61)	7.00
NEAIX	1.42	(0.11)	0.00	(0.13)	0.00	0.00	2.28	(4.03)	7.47
UPDDX	2.00	(0.13)	0.00	0.34	0.00	0.00	3.22	(5.01)	15.30
AUERX	0.86	(0.05)	0.00	(0.10)	0.00	0.00	1.59	(2.24)	4.19
TAAEX	1.71	(0.10)	0.00	(0.11)	0.00	0.00	3.16	(3.20)	9.89

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