Causeway Global Correlations

Mutual Funds . USA . 
Fund . Causeway Global Value
CGVVX Fund  USD 13.62  0.21  1.52%   
The current 90-days correlation between Causeway Global Value and Glg Intl Small is 0.95 (i.e., Almost no diversification). The correlation of Causeway Global 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 Global Correlation With Market

Almost no diversification

The correlation between Causeway Global Value and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Global Value 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 Global Value. 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

  0.98CIVVX Causeway InternationalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98FMDRX Franklin Mutual GlobalPairCorr
  0.99DOXWX Dodge Cox GlobalPairCorr
  0.99DODWX Dodge Global StockPairCorr
  0.85TRZRX T Rowe PricePairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98MDISX Franklin Mutual GlobalPairCorr
  0.9TEDSX Franklin Mutual GlobalPairCorr
  0.92PRAFX T Rowe PricePairCorr
  0.9BEGRX Franklin Mutual BeaconPairCorr
  0.87BRUFX Bruce Fund BrucePairCorr
  0.91SPGSX State Street PremierPairCorr
  0.8KF Korea ClosedPairCorr
  0.66HRSTX Rational Real StrategiesPairCorr
  0.89LISIX Lazard InternationalPairCorr
  0.61HSDFX Hartford ShortPairCorr
  0.85BWDTX Boyd WattersonPairCorr
  0.67ERSIX Eaton Vance ShortPairCorr
  0.61SSTVX Wells Fargo ShortPairCorr
  0.95RIEBX Income FundPairCorr
  0.89FIMPX Nuveen Small CapPairCorr
  0.94EMGYX Wells Fargo EmergingPairCorr
  0.93PEGZX Prudential Jennison MidPairCorr
  0.9BCIIX Brown CapitalPairCorr
  0.78EVUAX Wells Fargo AdvantagePairCorr
  0.94FDSVX Fidelity Growth DiscoveryPairCorr
  0.97FFAMX Fidelity Asset ManagerPairCorr
  0.76JDURX Prudential UtilityPairCorr
  0.92IEOPX Ing Evergreen OmegaPairCorr
  0.94ETCEX Eventide ExponentialPairCorr
  0.96FFBTX Fidelity Freedom BlendPairCorr
  0.96CEMKX CemkxPairCorr
  0.93FITLX Fidelity SustainabilityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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