Cullen Emerging Correlations

Mutual Funds . USA . 
Fund . Cullen Emerging Markets
CEMGX Fund  USD 13.96  0.07  0.50%   
The current 90-days correlation between Cullen Emerging Markets and Cullen Small Cap is 0.26 (i.e., Modest 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

Weak diversification

The correlation between Cullen Emerging Markets and DJI is 0.31 (i.e., Weak 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 price.

Moving together with Cullen Mutual Fund

  0.96CUSIX Cullen Small CapPairCorr
  0.96CUSCX Cullen Small CapPairCorr
  0.96CUSRX Cullen Small CapPairCorr
  0.98CVLVX Cullen ValuePairCorr
  0.98CVLFX Cullen ValuePairCorr
  0.98CVLEX Cullen ValuePairCorr
  1.0CEMFX Cullen Emerging MarketsPairCorr
  1.0CEMDX Cullen Emerging MarketsPairCorr
  0.93ENHRX Cullen Enhanced EquityPairCorr
  0.92ENHNX Cullen Enhanced EquityPairCorr
  0.92ENHCX Cullen Enhanced EquityPairCorr
  0.98CHDVX Cullen High DividendPairCorr
  0.98CHDEX Cullen High DividendPairCorr
  0.97CHVCX Cullen High DividendPairCorr
  0.93CIHIX Cullen International HighPairCorr
  0.92CIHCX Cullen International HighPairCorr
  0.93CIHDX 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
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.65RYMEX Commodities StrategyPairCorr
  0.65RYMJX Commodities StrategyPairCorr
  0.66RYMBX Commodities StrategyPairCorr
  0.84BRUFX Bruce Fund BrucePairCorr
  0.98SPGSX State Street PremierPairCorr
  0.91KF Korea ClosedPairCorr
  0.98AADSX Invesco Growth AllocationPairCorr
  0.91INFCX Alpskotak India GrowthPairCorr
  0.96SAMHX Ridgeworth Seix HighPairCorr
  0.67QMNIX Aqr Equity MarketPairCorr
  0.98RIDCX Income FundPairCorr
  0.97FDSCX Fidelity Stock SelectorPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CUSIX  1.12  0.10  0.08  0.22  1.25 
(1.16)
 2.79 
(2.42)
 7.92 
CUSCX  1.12  0.10  0.08  0.21  1.25 
(1.16)
 2.77 
(2.38)
 7.87 
CUSRX  1.12  0.10  0.08  0.22  1.23 
(1.16)
 2.75 
(2.35)
 7.96 
CVLVX  0.59  0.12  0.11  0.28  0.39 
(0.66)
 1.69 
(0.88)
 4.10 
CVLFX  0.60  0.11  0.10  0.28  0.39 
(0.69)
 1.69 
(0.95)
 4.11 
CVLEX  0.59  0.11  0.11  0.28  0.39 
(0.68)
 1.68 
(0.94)
 4.09 
CEMGX  0.48  0.21  0.20  1.10  0.00 
(0.62)
 1.57 
(0.87)
 3.17 
CEMFX  0.48  0.21  0.21  1.08  0.00 
(0.63)
 1.53 
(0.91)
 3.23 
CEMDX  0.48  0.21  0.20  1.08  0.00 
(0.65)
 1.38 
(0.92)
 3.26 
ENHRX  0.56  0.02 (0.05) 0.16  0.56 
(0.61)
 1.41 
(0.98)
 3.50 

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