Cullen Small Correlations

CUSRX Fund

USD 15.85 0.30 1.93%

The current 90-days correlation between Cullen Small Cap and Cullen Small Cap is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Cullen Small Cap and DJI is 0.75 (i.e., 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 metropolitan statistical area.

Moving together with Cullen Mutual Fund

1.0	CUSIX	Cullen Small Cap	Pair Corr
1.0	CUSCX	Cullen Small Cap	Pair Corr
0.84	CVLVX	Cullen Value	Pair Corr
0.84	CVLFX	Cullen Value	Pair Corr
0.84	CVLEX	Cullen Value	Pair Corr
0.74	ENHRX	Cullen Enhanced Equity	Pair Corr
0.74	ENHNX	Cullen Enhanced Equity	Pair Corr
0.74	ENHCX	Cullen Enhanced Equity	Pair Corr
0.66	CHDVX	Cullen High Dividend	Pair Corr
0.66	CHDEX	Cullen High Dividend	Pair Corr
0.65	CHVCX	Cullen High Dividend	Pair Corr
0.92	VSIIX	Vanguard Small Cap	Pair Corr
0.92	VISVX	Vanguard Small Cap	Pair Corr
0.94	DFSVX	Us Small Cap	Pair Corr
0.93	DFFVX	Us Targeted Value	Pair Corr
0.93	UBVCX	Undiscovered Managers	Pair Corr
0.93	UBVAX	Undiscovered Managers	Pair Corr
0.93	UBVSX	Undiscovered Managers	Pair Corr
0.94	AVFIX	American Beacon Small	Pair Corr
0.63	FTCAX	Templeton Strained Bond	Pair Corr
0.63	PYAIX	Payden Absolute Return	Pair Corr
0.64	PYARX	Payden Absolute Return	Pair Corr
0.63	BCAAX	Brandywineglobal C	Pair Corr
0.69	RIDAX	Income Fund	Pair Corr
0.66	EIGMX	Eaton Vance Global	Pair Corr

Moving against Cullen Mutual Fund

0.37	CIHCX	Cullen International High	Pair Corr
0.36	CIHDX	Cullen International High	Pair Corr
0.35	CIHIX	Cullen International High	Pair Corr
0.92	UIPIX	Ultrashort Mid Cap	Pair Corr
0.77	USPSX	Profunds Ultrashort	Pair Corr
0.77	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	CUSCX	CEMGX	CEMFX	ENHNX	ENHCX	CHDEX	CHVCX	CIHPX	CIHIX	CIHCX
CUSCX		0.3	0.32	0.74	0.73	0.66	0.65	-0.04	-0.34	-0.35	CUSCX
CEMGX	0.3		1.0	0.49	0.49	0.67	0.67	0.11	0.13	0.11	CEMGX
CEMFX	0.32	1.0		0.51	0.51	0.68	0.68	0.09	0.1	0.08	CEMFX
ENHNX	0.74	0.49	0.51		1.0	0.91	0.9	-0.13	-0.33	-0.35	ENHNX
ENHCX	0.73	0.49	0.51	1.0		0.92	0.91	-0.08	-0.27	-0.29	ENHCX
CHDEX	0.66	0.67	0.68	0.91	0.92		1.0	-0.09	-0.16	-0.18	CHDEX
CHVCX	0.65	0.67	0.68	0.9	0.91	1.0		-0.07	-0.13	-0.15	CHVCX
CIHPX	-0.04	0.11	0.09	-0.13	-0.08	-0.09	-0.07		0.83	0.83	CIHPX
CIHIX	-0.34	0.13	0.1	-0.33	-0.27	-0.16	-0.13	0.83		1.0	CIHIX
CIHCX	-0.35	0.11	0.08	-0.35	-0.29	-0.18	-0.15	0.83	1.0		CIHCX
	CUSCX	CEMGX	CEMFX	ENHNX	ENHCX	CHDEX	CHVCX	CIHPX	CIHIX	CIHCX

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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

CEMFX	+ 1.0	CEMGX
ENHCX	+ 1.0	ENHNX
CHVCX	+ 1.0	CHDEX
CIHCX	+ 1.0	CIHIX
CHDEX	+ 0.92	ENHCX
CHDEX	+ 0.91	ENHNX

High negative correlations

CIHCX	- 0.35	ENHNX
CIHCX	- 0.35	CUSCX
CIHIX	- 0.34	CUSCX
CIHIX	- 0.33	ENHNX
CIHCX	- 0.29	ENHCX
CIHIX	- 0.27	ENHCX

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
CUSCX	1.18	(0.03)	0.03	0.10	1.07	(1.42)	2.73	(1.98)	8.08
CEMGX	0.59	(0.03)	(0.16)	(0.02)	0.74	(0.58)	1.44	(1.10)	3.50
CEMFX	0.59	(0.03)	(0.15)	(0.01)	0.73	(0.60)	1.32	(1.07)	3.47
ENHNX	0.44	0.00	(0.09)	0.13	0.39	(0.51)	0.94	(0.74)	2.31
ENHCX	0.44	0.00	(0.11)	0.12	0.39	(0.50)	0.94	(0.74)	2.23
CHDEX	0.48	(0.04)	(0.15)	0.07	0.47	(0.55)	0.99	(0.99)	2.39
CHVCX	0.48	(0.04)	(0.15)	0.06	0.46	(0.56)	1.02	(0.95)	2.38
CIHPX	0.32	(0.05)	0.00	(0.05)	0.00	0.00	1.04	(0.95)	2.91
CIHIX	0.51	(0.10)	0.00	(0.21)	0.00	0.00	1.11	(1.10)	2.99
CIHCX	0.51	(0.10)	0.00	(0.23)	0.00	0.00	1.14	(1.12)	3.04

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