Causeway International Correlations

CIVVX Fund

USD 20.28 0.11 0.55%

The current 90-days correlation between Causeway International and HUMANA INC is -0.09 (i.e., Good 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

Weak diversification

The correlation between Causeway International Value and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Value 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 Value. 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 real.

Moving together with Causeway Mutual Fund

0.76	CVISX	Causeway International	Pair Corr
0.75	CIISX	Causeway International	Pair Corr
0.92	CIOIX	Causeway International	Pair Corr
0.92	CIOVX	Causeway International	Pair Corr
1.0	CIVIX	Causeway International	Pair Corr
0.79	DOXFX	Dodge Cox International	Pair Corr
0.97	OANIX	Oakmark International	Pair Corr
0.8	DODFX	Dodge International Stock	Pair Corr
0.97	OAKIX	Oakmark International	Pair Corr
0.97	OAYIX	Oakmark International	Pair Corr
0.97	OAZIX	Oakmark International	Pair Corr
0.95	FINVX	Fidelity Series Inte	Pair Corr
0.92	VTRIX	Vanguard International	Pair Corr
0.93	RRIGX	T Rowe Price	Pair Corr
0.81	NHS	Neuberger Berman High	Pair Corr

Moving against Causeway Mutual Fund

0.75	NML	Neuberger Berman Mlp	Pair Corr
0.61	ABVCX	Ab Value Fund	Pair Corr
0.58	ARTMX	Artisan Mid Cap	Pair Corr
0.53	USA	Liberty All Star	Pair Corr
0.53	VLISX	Vanguard Large Cap	Pair Corr
0.51	PRWAX	T Rowe Price	Pair Corr
0.5	PWTAX	Ubs Allocation	Pair Corr
0.44	FCNTX	Fidelity Contrafund	Pair Corr
0.71	FFRHX	Fidelity Advisor Floating	Pair Corr
0.58	BDJ	Blackrock Enhanced Equity	Pair Corr
0.55	ENPSX	Oil Gas Ultrasector	Pair Corr
0.54	FSKAX	Fidelity Total Market	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX
444859BR2		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	-0.44	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	-0.47	BRRAY
MSTSX	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	0.81	MSTSX
LBHIX	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	0.69	LBHIX
ABHYX	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	0.41	ABHYX
SCAXF	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	-0.07	SCAXF
VIASP	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	0.01	VIASP
AAEVX	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		0.82	AAEVX
RRTLX	-0.44	0.0	-0.47	0.81	0.69	0.41	-0.07	0.01	0.82		RRTLX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX	RRTLX

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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

RRTLX	+ 0.82	AAEVX
RRTLX	+ 0.81	MSTSX
AAEVX	+ 0.75	MSTSX
RRTLX	+ 0.69	LBHIX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
RRTLX	- 0.47	BRRAY
MSTSX	- 0.45	BRRAY

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
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76
RRTLX	0.23	0.00	(0.34)	0.13	0.26	(0.26)	0.48	(0.56)	1.36

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