Cullen Emerging Correlations

CEMFX Fund

USD 12.70 0.08 0.63%

The current 90-days correlation between Cullen Emerging Markets and Hartford Moderate Allocation is 0.51 (i.e., Very weak diversification). The correlation of Cullen Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Cullen Emerging Markets and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Emerging Markets 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 Emerging Markets. 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 census.

Moving together with Cullen Mutual Fund

1.0	CEMGX	Cullen Emerging Markets	Pair Corr
1.0	CEMDX	Cullen Emerging Markets	Pair Corr
0.68	CHDVX	Cullen High Dividend	Pair Corr
0.68	CHDEX	Cullen High Dividend	Pair Corr
0.68	CHVCX	Cullen High Dividend	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.95	VEMRX	Vanguard Emerging Markets	Pair Corr
0.91	FWWNX	American Funds New	Pair Corr
0.91	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.9	NWFFX	New World Fund	Pair Corr
0.9	NEWCX	New World Fund	Pair Corr
0.89	ODVYX	Oppenheimer Developing	Pair Corr
0.69	WRHIX	Ivy High Income	Pair Corr
0.67	WHIAX	Ivy High Income	Pair Corr
0.66	IHIFX	Ivy High Income	Pair Corr
0.7	IVHIX	Ivy High Income	Pair Corr

Moving against Cullen Mutual Fund

0.55

CIOCX

Columbia Porate Income

Pair Corr

Related Correlations Analysis

	HBAIX	FHRVX	MNMCX	BIMPX	RERPX	TDIFX	JTSQX
HBAIX		0.61	0.28	0.86	0.82	0.79	0.98	HBAIX
FHRVX	0.61		0.88	0.85	0.92	0.93	0.48	FHRVX
MNMCX	0.28	0.88		0.64	0.7	0.72	0.12	MNMCX
BIMPX	0.86	0.85	0.64		0.9	0.93	0.75	BIMPX
RERPX	0.82	0.92	0.7	0.9		0.96	0.74	RERPX
TDIFX	0.79	0.93	0.72	0.93	0.96		0.68	TDIFX
JTSQX	0.98	0.48	0.12	0.75	0.74	0.68		JTSQX
	HBAIX	FHRVX	MNMCX	BIMPX	RERPX	TDIFX	JTSQX

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Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Emerging 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 Emerging'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
HBAIX	0.36	(0.03)	(0.18)	0.06	0.42	(0.39)	0.83	(0.68)	2.22
FHRVX	0.25	(0.03)	(0.38)	(0.01)	0.29	(0.29)	0.56	(0.55)	1.55
MNMCX	0.24	(0.04)	0.00	(0.04)	0.00	0.00	0.47	(0.60)	1.48
BIMPX	0.25	(0.02)	(0.32)	0.03	0.25	(0.36)	0.68	(0.60)	1.58
RERPX	0.27	(0.03)	(0.29)	0.03	0.30	(0.30)	0.55	(0.62)	1.58
TDIFX	0.16	(0.02)	(0.51)	0.02	0.14	(0.19)	0.35	(0.26)	0.95
JTSQX	0.52	(0.04)	(0.11)	0.06	0.62	(0.56)	1.16	(0.93)	3.17

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