Cullen Emerging Correlations

Mutual Funds . USA . 
Fund . Cullen Emerging Markets
CEMDX Fund  USD 14.04  0.01  0.07%   
The current 90-days correlation between Cullen Emerging Markets and Johcm Emerging Markets is 0.9 (i.e., Almost no diversification). The correlation of Cullen Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Cullen Emerging Markets and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Emerging Markets 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 Emerging Markets. 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 unemployment.

Moving together with Cullen Mutual Fund

  0.95CUSIX Cullen Small CapPairCorr
  0.95CUSCX Cullen Small CapPairCorr
  0.95CUSRX Cullen Small CapPairCorr
  0.98CVLVX Cullen ValuePairCorr
  0.98CVLFX Cullen ValuePairCorr
  0.98CVLEX Cullen ValuePairCorr
  1.0CEMGX Cullen Emerging MarketsPairCorr
  1.0CEMFX Cullen Emerging MarketsPairCorr
  0.94ENHRX Cullen Enhanced EquityPairCorr
  0.94ENHNX Cullen Enhanced EquityPairCorr
  0.94ENHCX Cullen Enhanced EquityPairCorr
  0.98CHDVX Cullen High DividendPairCorr
  0.98CHDEX Cullen High DividendPairCorr
  0.98CHVCX Cullen High DividendPairCorr
  0.96CIHIX Cullen International HighPairCorr
  0.96CIHCX Cullen International HighPairCorr
  0.96CIHDX Cullen International HighPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.96ERH Allspring Utilities AndPairCorr
  0.95WHIYX Ivy High IncomePairCorr
  0.95IVHIX Ivy High IncomePairCorr
  0.95IHIFX Ivy High IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.94WHIAX Ivy High IncomePairCorr
  0.86CSJZX Cohen Steers RealtyPairCorr
  0.86CSRSX Cohen Steers RealtyPairCorr
  0.98CNWGX Calamos Evolving WorldPairCorr
  0.99DEMGX Emerging Markets TargetedPairCorr
  0.97SAMIX Moderately AggressivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Emerging 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 Emerging'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.

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