Cullen High Dividend Fund Market Value
| CHDVX Fund | USD 15.19 0.07 0.46% |
| Symbol | Cullen |
Cullen High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cullen High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cullen High.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Cullen High on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cullen High Dividend or generate 0.0% return on investment in Cullen High over 60 days. Cullen High is related to or competes with Cullen Small, Cullen Small, Cullen Small, Cullen Value, Cullen Value, Cullen Emerging, and Cullen Emerging. The fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in dividend paying comm... More
Cullen High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cullen High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cullen High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5404 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.9934 |
Cullen High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cullen High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cullen High's standard deviation. In reality, there are many statistical measures that can use Cullen High historical prices to predict the future Cullen High's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cullen High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cullen High Dividend Backtested Returns
At this stage we consider Cullen Mutual Fund to be very steady. Cullen High Dividend secures Sharpe Ratio (or Efficiency) of 0.0522, which signifies that the fund had a 0.0522% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cullen High Dividend, which you can use to evaluate the volatility of the entity. Please confirm Cullen High's Risk Adjusted Performance of 0.0659, mean deviation of 0.4853, and Downside Deviation of 0.5404 to double-check if the risk estimate we provide is consistent with the expected return of 0.0303%. The fund shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cullen High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cullen High is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Cullen High Dividend has very weak reverse predictability. Overlapping area represents the amount of predictability between Cullen High time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cullen High Dividend price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Cullen High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cullen High Dividend lagged returns against current returns
Autocorrelation, which is Cullen High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cullen High's mutual fund expected returns. We can calculate the autocorrelation of Cullen High returns to help us make a trade decision. For example, suppose you find that Cullen High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cullen High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cullen High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cullen High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cullen High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cullen High Lagged Returns
When evaluating Cullen High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cullen High mutual fund have on its future price. Cullen High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cullen High autocorrelation shows the relationship between Cullen High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cullen High Dividend.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cullen Mutual Fund
Cullen High financial ratios help investors to determine whether Cullen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cullen with respect to the benefits of owning Cullen High security.
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