Causeway International Correlations

CIISX Fund

USD 13.36 0.03 0.23%

The current 90-days correlation between Causeway International and Tax Managed Large Cap is 0.17 (i.e., Average diversification). The correlation of Causeway International 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 International Correlation With Market

Modest diversification

The correlation between Causeway International Small and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Small 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 Causeway International Small. 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 state.

Moving together with Causeway Mutual Fund

0.97	CVISX	Causeway International	Pair Corr
0.74	CEMIX	Causeway Emerging Markets	Pair Corr
0.78	CEMVX	Causeway Emerging Markets	Pair Corr
0.95	CGVVX	Causeway Global Value	Pair Corr
0.95	CGVIX	Causeway Global Value	Pair Corr
0.94	CIOIX	Causeway International	Pair Corr
0.94	CIOVX	Causeway International	Pair Corr
0.96	CIVVX	Causeway International	Pair Corr
0.96	CIVIX	Causeway International	Pair Corr
0.85	DISVX	Dfa International Small	Pair Corr
0.78	DFVQX	Dfa International Vector	Pair Corr
0.77	FMNEX	Free Market International	Pair Corr
0.89	OANEX	Oakmark International	Pair Corr
0.82	KGGIX	Kopernik Global All	Pair Corr
0.82	KGGAX	Kopernik Global All	Pair Corr
0.89	OAZEX	Oakmark International	Pair Corr
0.85	OAYEX	Oakmark International	Pair Corr
0.89	OAKEX	Oakmark International	Pair Corr
0.67	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Causeway Mutual Fund

0.69	XHGLX	Highland Global Allo	Pair Corr
0.65	0P0001GXZ7	Oaktree (lux)	Pair Corr
0.63	CEARX	Columbia Acorn	Pair Corr
0.49	SCFFX	Shenkman Short Duration	Pair Corr
0.42	BITW	Bitwise 10 Crypto	Pair Corr
0.38	TSDCX	Touchstone Ultra Short	Pair Corr
0.34	LETRX	Voya Russia Fund	Pair Corr
0.33	BFTUX	Baron Fifth Avenue	Pair Corr
0.32	MWATX	Metropolitan West Alpha	Pair Corr
0.31	SGYAX	Siit High Yield	Pair Corr

Related Correlations Analysis

	RETSX	SCYVX	LIOTX	PRVBX	LOTCX	JTSQX	RYMBX
RETSX		0.84	0.75	0.35	0.46	0.64	-0.28	RETSX
SCYVX	0.84		0.81	0.47	0.04	0.84	-0.47	SCYVX
LIOTX	0.75	0.81		0.31	0.22	0.74	-0.22	LIOTX
PRVBX	0.35	0.47	0.31		-0.1	0.61	-0.22	PRVBX
LOTCX	0.46	0.04	0.22	-0.1		-0.18	0.34	LOTCX
JTSQX	0.64	0.84	0.74	0.61	-0.18		-0.4	JTSQX
RYMBX	-0.28	-0.47	-0.22	-0.22	0.34	-0.4		RYMBX
	RETSX	SCYVX	LIOTX	PRVBX	LOTCX	JTSQX	RYMBX

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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

SCYVX	+ 0.84	RETSX
JTSQX	+ 0.84	SCYVX
LIOTX	+ 0.81	SCYVX
LIOTX	+ 0.75	RETSX
JTSQX	+ 0.74	LIOTX
JTSQX	+ 0.64	RETSX

High negative correlations

RYMBX	- 0.47	SCYVX
RYMBX	- 0.4	JTSQX
RYMBX	- 0.28	RETSX
RYMBX	- 0.22	PRVBX
RYMBX	- 0.22	LIOTX
JTSQX	- 0.18	LOTCX

Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway International 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 International'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
RETSX	0.56	0.03	0.04	0.80	0.80	(0.56)	1.19	(1.46)	5.40
SCYVX	0.95	0.03	0.02	0.09	1.23	(1.01)	1.77	(1.91)	9.85
LIOTX	0.86	0.03	0.02	0.06	1.25	(0.88)	2.13	(1.97)	6.56
PRVBX	0.10	(0.01)	(0.02)	(0.46)	0.09	(0.12)	0.20	(0.20)	0.58
LOTCX	0.54	0.07	0.09	1.39	0.61	(0.60)	1.01	(0.98)	3.31
JTSQX	0.49	(0.03)	0.00	(0.10)	0.00	0.00	0.95	(0.95)	3.95
RYMBX	0.73	0.07	0.09	0.33	0.79	(0.88)	1.82	(1.54)	3.87

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