Causeway Emerging Correlations

Mutual Funds . USA . 
Fund . Causeway Emerging Markets
CEMVX Fund  USD 13.18  0.03  0.23%   
The current 90-days correlation between Causeway Emerging Markets and Federated Government Income is -0.08 (i.e., Good 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

Very weak diversification

The correlation between Causeway Emerging Markets and DJI is 0.41 (i.e., Very weak 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 real.

Moving together with Causeway Mutual Fund

  0.98CVISX Causeway InternationalPairCorr
  0.99CEMIX Causeway Emerging MarketsPairCorr
  0.98CGVVX Causeway Global ValuePairCorr
  0.98CGVIX Causeway Global ValuePairCorr
  0.98CIISX Causeway InternationalPairCorr
  0.98CIOIX Causeway InternationalPairCorr
  0.98CIOVX Causeway InternationalPairCorr
  0.97CIVVX Causeway InternationalPairCorr
  0.97CIVIX Causeway InternationalPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX 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
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.97RYVLX Nasdaq 100 2xPairCorr
  0.97RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.96INPIX Internet UltrasectorPairCorr
  0.95INPSX Internet UltrasectorPairCorr
  0.76BIPIX Biotechnology UltrasectorPairCorr
  0.98EMFIX Ashmore Emerging MarketsPairCorr
  0.94TLGCX Timothy Largemip CapPairCorr
  0.93IMOZX Voya Midcap OpportunitiesPairCorr
  0.95NWJVX Nationwide Highmark ShortPairCorr
  0.96DBELX Doubleline EmergingPairCorr
  0.96FSMDX Fidelity Mid CapPairCorr
  0.84MDILX Blackrock Intl APairCorr
  0.96SBPYX Clearbridge Small CapPairCorr
  0.99DGTSX Global Allocation 2575PairCorr
  0.97LCMNX Miller IncomePairCorr

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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