Causeway International Correlations

Mutual Funds . USA . 
Fund . Causeway International Opportunities
CIOIX Fund  USD 17.06  0.03  0.18%   
The current 90-days correlation between Causeway International and Eagle Mlp Strategy is 0.12 (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

Very weak diversification

The correlation between Causeway International Opportu and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Opportu 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 Opportunities. 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 gross domestic product.

Moving together with Causeway Mutual Fund

  0.89CVISX Causeway InternationalPairCorr
  0.78CEMIX Causeway Emerging MarketsPairCorr
  0.78CEMVX Causeway Emerging MarketsPairCorr
  0.71CGVVX Causeway Global ValuePairCorr
  0.71CGVIX Causeway Global ValuePairCorr
  0.89CIISX Causeway InternationalPairCorr
  1.0CIOVX Causeway InternationalPairCorr
  0.91CIVVX Causeway InternationalPairCorr
  0.91CIVIX Causeway InternationalPairCorr
  0.94DOXFX Dodge Cox InternationalPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.94DODFX Dodge International StockPairCorr
  0.96OAKIX Oakmark InternationalPairCorr
  0.96OAYIX Oakmark InternationalPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.85FINVX Fidelity Series IntePairCorr
  0.96VTRIX Vanguard InternationalPairCorr
  0.87RRIGX T Rowe PricePairCorr
  0.83NHS Neuberger Berman HighPairCorr

Moving against Causeway Mutual Fund

  0.43SMAPX Salient Mlp EnergyPairCorr
  0.36DFLAX Dreyfus Floating RatePairCorr
  0.48CLM Cornerstone StrategicPairCorr

Related Correlations Analysis

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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   
PCEMX
+ 0.97
EPASX
PIEFX
+ 0.97
PCEMX
PIEFX
+ 0.9
EPASX
FEMDX
+ 0.75
EGLNX
PIEFX
+ 0.72
BOGSX
FEMDX
+ 0.71
BOGSX
  
High negative correlations   
EPASX
- 0.0
EGLNX

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.

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