Cullen Emerging Correlations

CEMGX Fund

USD 12.24 0.05 0.41%

The current 90-days correlation between Cullen Emerging Markets and Artisan Small Cap is 0.13 (i.e., Average 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

Weak diversification

The correlation between Cullen Emerging Markets and DJI is 0.33 (i.e., Weak 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 various price indices.

Moving together with Cullen Mutual Fund

0.93	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.78	FWWNX	American Funds New	Pair Corr
0.78	FNFWX	American Funds New	Pair Corr
0.78	NEWFX	New World Fund	Pair Corr
0.78	NWFFX	New World Fund	Pair Corr
0.78	NEWCX	New World Fund	Pair Corr
0.87	ODVYX	Oppenheimer Developing	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector	Pair Corr
0.63	SMPSX	Semiconductor Ultrasector	Pair Corr
0.62	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ARTSX	PRNHX	GGRYX	TEGAX	UPDDX	MSEQX	VGIAX
ARTSX		0.63	0.61	0.68	0.32	0.15	0.49	ARTSX
PRNHX	0.63		0.93	0.77	-0.02	-0.04	0.58	PRNHX
GGRYX	0.61	0.93		0.75	0.2	0.06	0.73	GGRYX
TEGAX	0.68	0.77	0.75		0.28	0.43	0.58	TEGAX
UPDDX	0.32	-0.02	0.2	0.28		0.6	0.52	UPDDX
MSEQX	0.15	-0.04	0.06	0.43	0.6		0.46	MSEQX
VGIAX	0.49	0.58	0.73	0.58	0.52	0.46		VGIAX
	ARTSX	PRNHX	GGRYX	TEGAX	UPDDX	MSEQX	VGIAX

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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

GGRYX	+ 0.93	PRNHX
TEGAX	+ 0.77	PRNHX
TEGAX	+ 0.75	GGRYX
VGIAX	+ 0.73	GGRYX
TEGAX	+ 0.68	ARTSX
PRNHX	+ 0.63	ARTSX

High negative correlations

MSEQX	- 0.04	PRNHX
UPDDX	- 0.02	PRNHX

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
ARTSX	1.03	0.05	0.01	0.17	1.31	(1.03)	2.14	(2.19)	6.98
PRNHX	0.90	(0.01)	(0.02)	0.08	1.18	(0.97)	1.80	(1.60)	7.56
GGRYX	0.42	(0.01)	(0.10)	0.06	0.55	(0.49)	0.86	(0.70)	3.17
TEGAX	1.08	0.09	0.04	0.24	1.34	(1.14)	2.29	(2.63)	7.72
UPDDX	1.60	0.12	0.04	0.24	2.33	(1.77)	3.23	(3.02)	15.30
MSEQX	1.47	0.46	0.22	1.52	1.35	(1.77)	3.37	(2.11)	12.69
VGIAX	0.68	0.05	0.01	0.16	0.92	(0.71)	1.29	(1.44)	6.04

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