Cullen Value Correlations

Mutual Funds . USA . 
Fund . Cullen Value Fund
CVLFX Fund  USD 14.72  0.05  0.34%   
The current 90-days correlation between Cullen Value and Calamos Dynamic Convertible is 0.44 (i.e., Very weak diversification). The correlation of Cullen Value 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.

Cullen Value Correlation With Market

Almost no diversification

The correlation between Cullen Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Value Fund 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 Cullen Value Fund. 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 census.

Moving together with Cullen Mutual Fund

  0.97CUSIX Cullen Small CapPairCorr
  0.97CUSCX Cullen Small CapPairCorr
  0.97CUSRX Cullen Small CapPairCorr
  1.0CVLVX Cullen ValuePairCorr
  1.0CVLEX Cullen ValuePairCorr
  0.98CEMGX Cullen Emerging MarketsPairCorr
  0.98CEMFX Cullen Emerging MarketsPairCorr
  0.98CEMDX Cullen Emerging MarketsPairCorr
  0.97ENHRX Cullen Enhanced EquityPairCorr
  0.97ENHNX Cullen Enhanced EquityPairCorr
  1.0CHDVX Cullen High DividendPairCorr
  1.0CHDEX Cullen High DividendPairCorr
  1.0CHVCX Cullen High DividendPairCorr
  0.91CIHIX Cullen International HighPairCorr
  0.91CIHCX Cullen International HighPairCorr
  0.91CIHDX Cullen International HighPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.93FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.99PTOAX Stocksplus Total ReturnPairCorr
  0.98MHEIX Mh Elite IncomePairCorr
  0.75RCBGX American Funds PoratePairCorr
  0.94RSPYX Victory Rs PartnersPairCorr
  0.97VINEX Vanguard InternationalPairCorr

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   
ARBOX
+ 0.99
PCNTX
LCFYX
+ 0.99
PCNTX
LCFYX
+ 0.99
ARBOX
LCFYX
+ 0.98
GCV
GCV
+ 0.95
PCNTX
ARBOX
+ 0.95
GCV
  
High negative correlations   
GCV
- 0.34
CCD
LCFYX
- 0.2
CCD
ARBOX
- 0.16
CCD
PCNTX
- 0.13
CCD

Risk-Adjusted Indicators

There is a big difference between Cullen Mutual Fund performing well and Cullen Value 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 Cullen Value'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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