Causeway Concentrated Correlations
| CCEVXDelisted Fund | USD 9.96 0.00 0.00% |
The current 90-days correlation between Causeway Concentrated and Ishares Municipal Bond is -0.08 (i.e., Good diversification). The correlation of Causeway Concentrated 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 Concentrated Correlation With Market
Good diversification
The correlation between Causeway Concentrated Equity and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Concentrated Equity and DJI in the same portfolio, assuming nothing else is changed.
Causeway |
Moving against Causeway Mutual Fund
| 0.61 | XPPRX | Voya Prime Rate | PairCorr |
| 0.49 | BEGRX | Franklin Mutual Beacon | PairCorr |
| 0.57 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.55 | WMT | Walmart Aggressive Push | PairCorr |
| 0.55 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.55 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.48 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.39 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | T | ATT Inc Aggressive Push | PairCorr |
| 0.35 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.98 | 0.95 | 0.98 | 0.99 | 0.84 | 0.98 | BIDPX | ||
| 0.98 | 0.98 | 0.98 | 0.98 | 0.85 | 0.94 | BCHIX | ||
| 0.95 | 0.98 | 0.98 | 0.97 | 0.8 | 0.88 | FYMNX | ||
| 0.98 | 0.98 | 0.98 | 0.98 | 0.82 | 0.93 | PRINX | ||
| 0.99 | 0.98 | 0.97 | 0.98 | 0.8 | 0.94 | FAZTX | ||
| 0.84 | 0.85 | 0.8 | 0.82 | 0.8 | 0.88 | AFB | ||
| 0.98 | 0.94 | 0.88 | 0.93 | 0.94 | 0.88 | CFNLX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Causeway Mutual Fund performing well and Causeway Concentrated 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 Concentrated'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIDPX | 0.15 | 0.02 | (0.30) | (0.07) | 0.21 | 0.27 | 1.36 | |||
| BCHIX | 0.16 | 0.02 | (0.23) | (0.14) | 0.22 | 0.41 | 1.53 | |||
| FYMNX | 0.13 | 0.02 | (0.30) | (0.09) | 0.17 | 0.37 | 1.39 | |||
| PRINX | 0.16 | 0.02 | (0.26) | (0.12) | 0.21 | 0.44 | 1.59 | |||
| FAZTX | 0.14 | 0.02 | (0.31) | (0.08) | 0.19 | 0.39 | 1.38 | |||
| AFB | 0.48 | 0.02 | (0.16) | (0.16) | 0.61 | 1.12 | 2.88 | |||
| CFNLX | 0.12 | 0.01 | (0.42) | 0.02 | 0.18 | 0.22 | 1.13 |
Causeway Concentrated Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Causeway Concentrated mutual fund to make a market-neutral strategy. Peer analysis of Causeway Concentrated could also be used in its relative valuation, which is a method of valuing Causeway Concentrated by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Causeway Concentrated Equity?
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