Causeway International Correlations

Mutual Funds . USA . 
Fund . Causeway International Value
CIVIX Fund  USD 22.20  0.17  0.77%   
The current 90-days correlation between Causeway International and Aberdeen Select International is -0.23 (i.e., Very good 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 poor diversification

The correlation between Causeway International Value and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International 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 International 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 gross domestic product.

Moving together with Causeway Mutual Fund

  0.91CVISX Causeway InternationalPairCorr
  0.92CEMIX Causeway Emerging MarketsPairCorr
  0.92CEMVX Causeway Emerging MarketsPairCorr
  0.98CGVVX Causeway Global ValuePairCorr
  0.98CGVIX Causeway Global ValuePairCorr
  0.93CIISX Causeway InternationalPairCorr
  1.0CIOIX Causeway InternationalPairCorr
  1.0CIOVX Causeway InternationalPairCorr
  1.0CIVVX Causeway InternationalPairCorr
  0.98DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.94DODFX Dodge International StockPairCorr
  0.95OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  0.98OAZIX Oakmark InternationalPairCorr
  0.96FINVX Fidelity Series IntePairCorr
  0.95VTRIX Vanguard InternationalPairCorr
  0.97RRIGX T Rowe PricePairCorr
  0.9VSTSX Vanguard Total StockPairCorr
  0.9VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.89VFFSX Vanguard 500 IndexPairCorr
  0.89VFIAX Vanguard 500 IndexPairCorr
  0.93VTISX Vanguard Total InterPairCorr
  0.93VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.97MDHCX Mainstay Short DurationPairCorr
  0.65ATMAX Pimco Unconstrained TaxPairCorr
  0.9JSIZX Jpmorgan SmartretirementPairCorr
  0.92VITAX Vanguard InformationPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.9BTLSX Baillie Gifford IntePairCorr
  0.9CVTRX Calamos Growth IncomePairCorr
  0.9PBCKX Blue Chip FundPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BTMKX
+ 0.93
TGCEX
TGCEX
+ 0.91
MITIX
BTMKX
+ 0.88
MITIX
LMNVX
+ 0.88
MITIX
LMNVX
+ 0.69
BTMKX
LMNVX
+ 0.68
TGCEX
  
High negative correlations   
BTMKX
- 0.12
JIEIX
MITIX
- 0.03
JIEIX
LMNVX
- 0.02
JIEIX

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.

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