Cullen Small Correlations

CUSCX Fund

USD 12.30 0.20 1.65%

The current 90-days correlation between Cullen Small Cap and Franklin Natural Resources is 0.39 (i.e., Weak diversification). The correlation of Cullen Small 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 Small Correlation With Market

Very poor diversification

The correlation between Cullen Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Small Cap 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 Small Cap. 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 services.

Moving together with Cullen Mutual Fund

1.0	CUSIX	Cullen Small Cap	Pair Corr
1.0	CUSRX	Cullen Small Cap	Pair Corr
0.82	CVLVX	Cullen Value	Pair Corr
0.82	CVLFX	Cullen Value	Pair Corr
0.82	CVLEX	Cullen Value	Pair Corr
0.75	CEMGX	Cullen Emerging Markets	Pair Corr
0.75	CEMFX	Cullen Emerging Markets	Pair Corr
0.75	CEMDX	Cullen Emerging Markets	Pair Corr
0.81	ENHRX	Cullen Enhanced Equity	Pair Corr
0.81	ENHNX	Cullen Enhanced Equity	Pair Corr
0.81	ENHCX	Cullen Enhanced Equity	Pair Corr
0.7	CHDVX	Cullen High Dividend	Pair Corr
0.69	CHVCX	Cullen High Dividend	Pair Corr
0.79	CIHIX	Cullen International High	Pair Corr
0.79	CIHCX	Cullen International High	Pair Corr
0.79	CIHDX	Cullen International High	Pair Corr
0.93	VSIIX	Vanguard Small Cap	Pair Corr
0.93	VISVX	Vanguard Small Cap	Pair Corr
0.9	DFSVX	Us Small Cap	Pair Corr
0.91	DFFVX	Us Targeted Value	Pair Corr
0.84	UBVCX	Undiscovered Managers	Pair Corr
0.84	UBVAX	Undiscovered Managers	Pair Corr
0.85	UBVSX	Undiscovered Managers	Pair Corr
0.78	VSMCX	Invesco Small Cap	Pair Corr
0.74	NHS	Neuberger Berman High	Pair Corr
0.85	DVOIX	Dividend Opportunities	Pair Corr
0.96	TQAAX	T Rowe Price	Pair Corr
0.95	PCCPX	Pimco Rae Fundamental	Pair Corr
0.9	MAMAX	Mfs Moderate Allocation	Pair Corr
0.81	SCIJX	Hartford Schroders	Pair Corr
0.72	JABAX	Janus Balanced	Pair Corr
0.71	MMJCX	Massmutual Advantage	Pair Corr
0.8	ESCIX	Ashmore Emerging Markets	Pair Corr
0.87	TVIIX	Tiaa Cref Lifecycle	Pair Corr
0.78	SHXYX	American Beacon Shapiro	Pair Corr
0.82	JSASX	Jpmorgan Smartretirement	Pair Corr
0.79	ACCIX	Strategic Allocation:	Pair Corr

Moving against Cullen Mutual Fund

0.36

CHDEX

Cullen High Dividend

Pair Corr

Related Correlations Analysis

	ENPSX	ALTEX	HNRGX	APWEX	CGAEX	XEMOX	SNPIX	FRNRX
ENPSX		0.8	0.98	0.98	0.94	0.97	-1.0	0.91	ENPSX
ALTEX	0.8		0.85	0.79	0.91	0.75	-0.82	0.95	ALTEX
HNRGX	0.98	0.85		0.98	0.95	0.95	-0.99	0.95	HNRGX
APWEX	0.98	0.79	0.98		0.95	0.96	-0.98	0.91	APWEX
CGAEX	0.94	0.91	0.95	0.95		0.9	-0.94	0.96	CGAEX
XEMOX	0.97	0.75	0.95	0.96	0.9		-0.96	0.88	XEMOX
SNPIX	-1.0	-0.82	-0.99	-0.98	-0.94	-0.96		-0.93	SNPIX
FRNRX	0.91	0.95	0.95	0.91	0.96	0.88	-0.93		FRNRX
	ENPSX	ALTEX	HNRGX	APWEX	CGAEX	XEMOX	SNPIX	FRNRX

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

HNRGX	+ 0.98	ENPSX
APWEX	+ 0.98	ENPSX
APWEX	+ 0.98	HNRGX
XEMOX	+ 0.97	ENPSX
XEMOX	+ 0.96	APWEX
FRNRX	+ 0.96	CGAEX

High negative correlations

SNPIX	- 1.0	ENPSX
SNPIX	- 0.99	HNRGX
SNPIX	- 0.98	APWEX
SNPIX	- 0.96	XEMOX
SNPIX	- 0.94	CGAEX
FRNRX	- 0.93	SNPIX

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Small 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 Small'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
ENPSX	1.64	0.39	0.19	0.78	1.63	(1.83)	3.93	(2.80)	7.98
ALTEX	1.72	0.23	0.11	0.26	1.93	(1.87)	4.15	(3.52)	12.23
HNRGX	1.00	0.22	0.15	0.51	0.90	(1.10)	2.40	(1.67)	5.75
APWEX	0.95	0.18	0.14	0.34	0.88	(1.08)	2.50	(1.56)	4.47
CGAEX	0.76	0.08	0.06	0.15	0.91	(0.76)	1.57	(1.53)	4.14
XEMOX	0.74	0.22	0.19	21.07	0.59	(0.90)	1.61	(1.25)	3.85
SNPIX	1.10	(0.27)	0.00	0.80	0.00	0.00	1.89	(2.59)	6.18
FRNRX	0.99	0.29	0.18	0.45	1.13	(1.12)	2.06	(2.31)	6.50

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