Causeway International Correlations
| CIVVX Fund | USD 24.59 0.19 0.78% |
The current 90-days correlation between Causeway International and Mesirow Financial High is 0.16 (i.e., Average 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
Average diversification
The correlation between Causeway International Value and DJI is 0.1 (i.e., Average 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.
Causeway |
Moving together with Causeway Mutual Fund
| 0.61 | CEMIX | Causeway Emerging Markets | PairCorr |
| 0.94 | CGVVX | Causeway Global Value | PairCorr |
| 1.0 | CIVIX | Causeway International | PairCorr |
| 0.93 | DOXFX | Dodge Cox International | PairCorr |
| 0.93 | OANIX | Oakmark International | PairCorr |
| 0.93 | DODFX | Dodge International Stock | PairCorr |
| 0.92 | OAKIX | Oakmark International | PairCorr |
| 0.93 | OAYIX | Oakmark International | PairCorr |
| 0.93 | OAZIX | Oakmark International | PairCorr |
| 0.63 | VTRIX | Vanguard International | PairCorr |
| 0.7 | RRIGX | T Rowe Price | PairCorr |
| 0.61 | BAMPX | Blackrock Moderate | PairCorr |
| 0.89 | FLSZX | Franklin Lifesmart 2055 | PairCorr |
| 0.68 | RERGX | Europacific Growth | PairCorr |
| 0.62 | ARANX | Horizon Active Risk | PairCorr |
| 0.76 | BXDLX | Massmutual Short-duration | PairCorr |
| 0.66 | THICX | Thornburg Limited Term | PairCorr |
| 0.8 | DODEX | Dodge Cox Emerging | PairCorr |
Related Correlations Analysis
| -0.47 | 0.78 | 0.0 | 0.87 | 0.82 | 0.84 | MFHIX | ||
| -0.47 | -0.35 | 0.0 | -0.59 | -0.28 | -0.3 | PGFMX | ||
| 0.78 | -0.35 | 0.0 | 0.81 | 0.81 | 0.79 | FIDCX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MCBXX | ||
| 0.87 | -0.59 | 0.81 | 0.0 | 0.91 | 0.92 | SBFAX | ||
| 0.82 | -0.28 | 0.81 | 0.0 | 0.91 | 0.99 | VFAIX | ||
| 0.84 | -0.3 | 0.79 | 0.0 | 0.92 | 0.99 | FNPIX | ||
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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFHIX | 0.14 | (0.03) | 0.00 | (0.13) | 0.00 | 0.25 | 0.86 | |||
| PGFMX | 0.30 | 0.04 | (0.06) | 0.48 | 0.26 | 0.63 | 1.60 | |||
| FIDCX | 0.71 | 0.00 | (0.07) | 0.03 | 1.05 | 1.38 | 5.52 | |||
| MCBXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SBFAX | 0.66 | (0.12) | 0.00 | (0.06) | 0.00 | 1.36 | 4.82 | |||
| VFAIX | 0.69 | (0.08) | (0.07) | 0.00 | 1.01 | 1.31 | 4.59 | |||
| FNPIX | 0.99 | (0.12) | (0.06) | (0.01) | 1.45 | 1.68 | 6.62 |