Cullen High Correlations

CHVCX Fund

USD 14.78 0.07 0.48%

The current 90-days correlation between Cullen High Dividend and Commonwealth Real Estate is 0.54 (i.e., Very weak diversification). The correlation of Cullen High 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 High Correlation With Market

Very poor diversification

The correlation between Cullen High Dividend and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen High Dividend 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 High Dividend. 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

0.65	CUSIX	Cullen Small Cap	Pair Corr
0.65	CUSCX	Cullen Small Cap	Pair Corr
0.65	CUSRX	Cullen Small Cap	Pair Corr
0.87	CVLVX	Cullen Value	Pair Corr
0.87	CVLFX	Cullen Value	Pair Corr
0.87	CVLEX	Cullen Value	Pair Corr
0.67	CEMGX	Cullen Emerging Markets	Pair Corr
0.68	CEMFX	Cullen Emerging Markets	Pair Corr
0.68	CEMDX	Cullen Emerging Markets	Pair Corr
0.9	ENHRX	Cullen Enhanced Equity	Pair Corr
0.9	ENHNX	Cullen Enhanced Equity	Pair Corr
0.91	ENHCX	Cullen Enhanced Equity	Pair Corr
1.0	CHDVX	Cullen High Dividend	Pair Corr
1.0	CHDEX	Cullen High Dividend	Pair Corr
0.87	VVIAX	Vanguard Value Index	Pair Corr
0.74	DOXGX	Dodge Cox Stock	Pair Corr
0.93	AFMFX	American Mutual	Pair Corr
0.93	FFMMX	American Funds American	Pair Corr
0.93	FFFMX	American Funds American	Pair Corr
0.94	AMRMX	American Mutual	Pair Corr
0.94	AMFFX	American Mutual	Pair Corr
0.94	AMFCX	American Mutual	Pair Corr
0.74	DODGX	Dodge Stock Fund	Pair Corr
0.87	VIVAX	Vanguard Value Index	Pair Corr
0.61	PDI	Pimco Dynamic Income	Pair Corr
0.7	PYAIX	Payden Absolute Return	Pair Corr
0.69	PYARX	Payden Absolute Return	Pair Corr
0.66	BCAAX	Brandywineglobal C	Pair Corr
0.83	LLPFX	Longleaf Partners	Pair Corr
0.79	CMEUX	Six Circles Managed	Pair Corr

Moving against Cullen Mutual Fund

0.73	USPSX	Profunds Ultrashort	Pair Corr
0.73	USPIX	Profunds Ultrashort	Pair Corr
0.72	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	CNREX	FREEX	SEIRX	PRKAX	FORFX	GURPX	MSURX
CNREX		0.71	0.72	0.91	0.26	0.73	0.43	CNREX
FREEX	0.71		0.84	0.79	-0.02	0.93	0.42	FREEX
SEIRX	0.72	0.84		0.79	0.47	0.96	0.75	SEIRX
PRKAX	0.91	0.79	0.79		0.33	0.78	0.57	PRKAX
FORFX	0.26	-0.02	0.47	0.33		0.23	0.76	FORFX
GURPX	0.73	0.93	0.96	0.78	0.23		0.59	GURPX
MSURX	0.43	0.42	0.75	0.57	0.76	0.59		MSURX
	CNREX	FREEX	SEIRX	PRKAX	FORFX	GURPX	MSURX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GURPX	+ 0.96	SEIRX
GURPX	+ 0.93	FREEX
PRKAX	+ 0.91	CNREX
SEIRX	+ 0.84	FREEX
PRKAX	+ 0.79	FREEX
PRKAX	+ 0.79	SEIRX

High negative correlations

FORFX

- 0.02

FREEX

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen High 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 High'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
CNREX	0.62	0.03	(0.06)	0.19	0.75	(0.66)	1.22	(1.53)	4.85
FREEX	0.68	0.05	(0.07)	0.78	0.80	(0.71)	1.25	(1.24)	4.09
SEIRX	0.68	0.06	(0.04)	0.35	0.71	(0.79)	1.39	(1.27)	3.76
PRKAX	0.55	0.05	(0.07)	0.35	0.54	(0.67)	1.02	(1.24)	3.53
FORFX	0.06	0.04	0.00	2.05	0.00	0.00	0.11	0.00	0.21
GURPX	0.59	0.03	(0.09)	0.27	0.63	(0.70)	1.28	(1.10)	3.33
MSURX	0.46	0.10	(0.05)	(1.03)	0.35	(0.75)	1.16	(0.83)	3.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC