Cullen Enhanced Correlations
ENHCX Fund | USD 10.96 0.06 0.55% |
The current 90-days correlation between Cullen Enhanced Equity and Cullen Small Cap is 0.69 (i.e., Poor diversification). The correlation of Cullen Enhanced 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 Enhanced Correlation With Market
Poor diversification
The correlation between Cullen Enhanced Equity and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.
Cullen |
Moving together with Cullen Mutual Fund
0.74 | CUSIX | Cullen Small Cap | PairCorr |
0.73 | CUSCX | Cullen Small Cap | PairCorr |
0.74 | CUSRX | Cullen Small Cap | PairCorr |
0.91 | CVLVX | Cullen Value | PairCorr |
0.91 | CVLFX | Cullen Value | PairCorr |
0.91 | CVLEX | Cullen Value | PairCorr |
1.0 | ENHRX | Cullen Enhanced Equity | PairCorr |
1.0 | ENHNX | Cullen Enhanced Equity | PairCorr |
0.92 | CHDVX | Cullen High Dividend | PairCorr |
0.92 | CHDEX | Cullen High Dividend | PairCorr |
0.91 | CHVCX | Cullen High Dividend | PairCorr |
0.88 | JEPAX | Jpmorgan Research Equity | PairCorr |
0.88 | JEPCX | Jpmorgan Research Equity | PairCorr |
0.87 | JEPIX | Jpmorgan Equity Premium | PairCorr |
0.8 | GSPKX | Goldman Sachs Equity | PairCorr |
0.8 | GVIRX | Goldman Sachs Equity | PairCorr |
0.8 | GSPAX | Goldman Sachs Equity | PairCorr |
0.81 | GSPQX | Goldman Sachs Equity | PairCorr |
0.8 | GSFPX | Goldman Sachs Equity | PairCorr |
0.8 | GIDWX | Goldman Sachs Equity | PairCorr |
0.75 | BMCIX | Blackrock High Equity | PairCorr |
0.75 | GRSPX | Greenspring Fund Retail | PairCorr |
Moving against Cullen Mutual Fund
0.4 | GAAGX | Gmo Alternative Allo | PairCorr |
0.39 | GAAKX | Gmo Alternative Allo | PairCorr |
0.37 | GPBFX | Gmo E Plus | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Cullen Mutual Fund performing well and Cullen Enhanced 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 Enhanced'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CUSIX | 1.19 | (0.03) | 0.03 | 0.10 | 1.11 | 2.70 | 7.94 | |||
CUSCX | 1.18 | (0.03) | 0.03 | 0.10 | 1.07 | 2.73 | 8.08 | |||
CUSRX | 1.19 | (0.03) | 0.03 | 0.10 | 1.08 | 2.68 | 7.91 | |||
CVLVX | 0.55 | (0.02) | (0.05) | 0.10 | 0.46 | 1.15 | 3.58 | |||
CVLFX | 0.56 | (0.02) | (0.05) | 0.10 | 0.47 | 1.11 | 3.57 | |||
CVLEX | 0.55 | (0.02) | (0.05) | 0.10 | 0.43 | 1.12 | 3.49 | |||
CEMGX | 0.59 | (0.03) | (0.16) | (0.02) | 0.74 | 1.44 | 3.50 | |||
CEMFX | 0.59 | (0.03) | (0.15) | (0.01) | 0.73 | 1.32 | 3.47 | |||
CEMDX | 0.59 | (0.03) | (0.15) | (0.01) | 0.74 | 1.33 | 3.51 |