Cullen Enhanced Correlations

Mutual Funds . USA . 
Fund . Cullen Enhanced Equity
ENHRX Fund  USD 10.69  0.07  0.66%   
The current 90-days correlation between Cullen Enhanced Equity and Cullen Enhanced Equity is 1.0 (i.e., No risk reduction). 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 0.54 (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 metropolitan statistical area.

Moving together with Cullen Mutual Fund

  1.0ENHNX Cullen Enhanced EquityPairCorr
  1.0ENHCX Cullen Enhanced EquityPairCorr
  0.97CHDVX Cullen High DividendPairCorr
  0.89CHDEX Cullen High DividendPairCorr
  0.65CHVCX Cullen High DividendPairCorr
  0.79CIHIX Cullen International HighPairCorr
  0.79CIHCX Cullen International HighPairCorr
  0.79CIHDX Cullen International HighPairCorr
  0.86BMCIX Blackrock High EquityPairCorr
  0.84NHS Neuberger Berman HighPairCorr
  0.84DABLX Dreyfus Yield EnhancementPairCorr
  0.72GF New Germany ClosedPairCorr
  0.78IIBAX Voya Intermediate BondPairCorr
  0.77VSGDX Vanguard Short TermPairCorr
  0.81TASTX Transamerica Short TermPairCorr
  0.83FFLQX Franklin Federal LimPairCorr
  0.78OPIGX Oppenheimer Core BondPairCorr
  0.88VWINX Vanguard Wellesley IncomePairCorr
  0.84EVUYX Wells Fargo AdvantagePairCorr
  0.78FMUUX Federated MunicipalPairCorr

Moving against Cullen Mutual Fund

  0.35CUSCX Cullen Small CapPairCorr
  0.34CUSIX Cullen Small CapPairCorr
  0.34CUSRX Cullen Small CapPairCorr

Related Correlations Analysis

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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   
CHDEX
+ 0.89
ENHNX
QLENX
+ 0.87
ENHNX
QLENX
+ 0.83
CHDEX
DRRCX
+ 0.67
CHDEX
QLENX
+ 0.62
DRRCX
DRRCX
+ 0.61
ENHNX
  
High negative correlations   
QLENX
- 0.07
BDFFX
BDFFX
- 0.0
ENHNX

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.

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