Causeway International Correlations

Mutual Funds . USA . 
Fund . Causeway International Opportunities
CIOIX Fund  USD 18.81  0.05  0.27%   
The current 90-days correlation between Causeway International and Causeway International Small is 0.77 (i.e., Poor diversification). The correlation of Causeway International 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 International Correlation With Market

Very weak diversification

The correlation between Causeway International Opportu and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Opportu 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 International Opportunities. 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

  0.99CVISX Causeway InternationalPairCorr
  0.98CEMIX Causeway Emerging MarketsPairCorr
  0.98CEMVX Causeway Emerging MarketsPairCorr
  0.99CGVVX Causeway Global ValuePairCorr
  0.99CGVIX Causeway Global ValuePairCorr
  0.99CIISX Causeway InternationalPairCorr
  1.0CIOVX Causeway InternationalPairCorr
  1.0CIVVX Causeway InternationalPairCorr
  1.0CIVIX Causeway InternationalPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.99OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.99OAKIX Oakmark InternationalPairCorr
  0.99OAYIX Oakmark InternationalPairCorr
  0.99OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.98INPIX Internet UltrasectorPairCorr
  0.98INPSX Internet UltrasectorPairCorr
  0.76BIPIX Biotechnology UltrasectorPairCorr
  0.69FBIOX Biotechnology PortfolioPairCorr
  0.98BALCX American BalancedPairCorr
  0.99RAMTX American Funds 2055PairCorr
  0.97SEDAX Siit Emerging MarketsPairCorr
  0.98LMPPX Clearbridge AppreciationPairCorr
  0.63MTFCX Mainstay Tax FreePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.97MBXCX Catalystmillburn HedgePairCorr
  0.9BSGIX Baird Smallmid CapPairCorr
  0.98TIERX Tiaa Cref InternationalPairCorr
  0.99CICEX Investment Of AmericaPairCorr
  0.96GDIRX Goldman Sachs ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway International 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 International'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
CVISX  0.52  0.26  0.26  1.05  0.00 
(0.65)
 1.24 
(0.81)
 3.12 
CEMIX  0.62  0.26  0.25  0.80  0.00 
(0.78)
 1.69 
(1.06)
 4.20 
CEMVX  0.63  0.26  0.24  0.82  0.00 
(0.83)
 1.75 
(1.12)
 4.30 
CGVVX  0.65  0.16  0.15  0.34  0.43 
(0.73)
 1.93 
(1.23)
 4.69 
CGVIX  0.65  0.16  0.15  0.35  0.38 
(0.74)
 1.92 
(1.15)
 4.57 
CIISX  0.51  0.26  0.27  1.04  0.00 
(0.65)
 1.31 
(0.81)
 3.12 
CIOIX  0.55  0.18  0.17  0.52  0.12 
(0.65)
 1.51 
(0.93)
 3.55 
CIOVX  0.55  0.18  0.16  0.51  0.14 
(0.67)
 1.47 
(0.94)
 3.64 
CIVVX  0.60  0.15  0.11  0.45  0.38 
(0.68)
 1.44 
(1.10)
 3.35 
CIVIX  0.60  0.15  0.11  0.44  0.37 
(0.67)
 1.42 
(1.05)
 3.36 

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