Causeway Emerging Correlations

Mutual Funds . USA . 
Fund . Causeway Emerging Markets
CEMIX Fund  USD 12.38  0.05  0.41%   
The current 90-days correlation between Causeway Emerging Markets and Global Real Estate is 0.74 (i.e., Poor diversification). The correlation of Causeway 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.

Causeway Emerging Correlation With Market

Good diversification

The correlation between Causeway Emerging Markets and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway 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 Causeway 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 gross domestic product.

Moving together with Causeway Mutual Fund

  1.0CEMVX Causeway Emerging MarketsPairCorr
  0.93CGVVX Causeway Global ValuePairCorr
  0.9CGVIX Causeway Global ValuePairCorr
  0.93CIISX Causeway InternationalPairCorr
  0.93CIOIX Causeway InternationalPairCorr
  0.93CIOVX Causeway InternationalPairCorr
  0.9CIVVX Causeway InternationalPairCorr
  0.91CIVIX Causeway InternationalPairCorr
  0.95VEMAX Vanguard Emerging MarketsPairCorr
  0.95VEIEX Vanguard Emerging MarketsPairCorr
  0.95VEMIX Vanguard Emerging MarketsPairCorr
  0.95VEMRX Vanguard Emerging MarketsPairCorr
  0.94FWWNX American Funds NewPairCorr
  0.94FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.94NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.94ODVYX Oppenheimer DevelopingPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.89MDIIX Blackrock Intern IndexPairCorr
  0.87MEERX Massmutual PremierPairCorr
  0.85BCSAX Blackrock CommodityPairCorr
  0.96BSGLX Long TermPairCorr
  0.96ZEMIX Investec Emerging MarketsPairCorr
  0.94VIGAX Vanguard Growth IndexPairCorr
  0.83FUGIX Fidelity Advisor UtiPairCorr
  0.96QSERX Aqr Small CapPairCorr
  0.87GISYX Grandeur Peak InternPairCorr
  0.9HGXTX Hartford Global ImpactPairCorr
  0.92SSGHX State Street GlobalPairCorr
  0.94MXXVX Matthew 25 FundPairCorr
  0.92FGRTX Fidelity Mega CapPairCorr
  0.86FDEGX Fidelity Growth StraPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway 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 Causeway 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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