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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cullen Enhanced Equity. 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 main economic indicators.

Moving together with Cullen Mutual Fund

  0.74CUSIX Cullen Small CapPairCorr
  0.73CUSCX Cullen Small CapPairCorr
  0.74CUSRX Cullen Small CapPairCorr
  0.91CVLVX Cullen ValuePairCorr
  0.91CVLFX Cullen ValuePairCorr
  0.91CVLEX Cullen ValuePairCorr
  1.0ENHRX Cullen Enhanced EquityPairCorr
  1.0ENHNX Cullen Enhanced EquityPairCorr
  0.92CHDVX Cullen High DividendPairCorr
  0.92CHDEX Cullen High DividendPairCorr
  0.91CHVCX Cullen High DividendPairCorr
  0.88JEPAX Jpmorgan Research EquityPairCorr
  0.88JEPCX Jpmorgan Research EquityPairCorr
  0.87JEPIX Jpmorgan Equity PremiumPairCorr
  0.8GSPKX Goldman Sachs EquityPairCorr
  0.8GVIRX Goldman Sachs EquityPairCorr
  0.8GSPAX Goldman Sachs EquityPairCorr
  0.81GSPQX Goldman Sachs EquityPairCorr
  0.8GSFPX Goldman Sachs EquityPairCorr
  0.8GIDWX Goldman Sachs EquityPairCorr
  0.75BMCIX Blackrock High EquityPairCorr
  0.75GRSPX Greenspring Fund RetailPairCorr

Moving against Cullen Mutual Fund

  0.4GAAGX Gmo Alternative AlloPairCorr
  0.39GAAKX Gmo Alternative AlloPairCorr
  0.37GPBFX Gmo E PlusPairCorr

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.