Cullen Enhanced Correlations

Mutual Funds . USA . 
Fund . Cullen Enhanced Equity
ENHRX Fund  USD 10.37  0.02  0.19%   
The current 90-days correlation between Cullen Enhanced Equity and Cullen Enhanced Equity is 1.0 (i.e., No risk reduction). The correlation of Cullen Enhanced 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 Enhanced Correlation With Market

Poor diversification

The correlation between Cullen Enhanced Equity and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cullen Enhanced Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cullen Enhanced Equity. 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 metropolitan statistical area.

Moving together with Cullen Mutual Fund

  0.94CUSIX Cullen Small CapPairCorr
  0.94CUSCX Cullen Small CapPairCorr
  0.94CUSRX Cullen Small CapPairCorr
  0.97CVLVX Cullen ValuePairCorr
  0.97CVLFX Cullen ValuePairCorr
  0.97CVLEX Cullen ValuePairCorr
  0.93CEMGX Cullen Emerging MarketsPairCorr
  0.93CEMFX Cullen Emerging MarketsPairCorr
  0.93CEMDX Cullen Emerging MarketsPairCorr
  1.0ENHNX Cullen Enhanced EquityPairCorr
  1.0ENHCX Cullen Enhanced EquityPairCorr
  0.97CHDVX Cullen High DividendPairCorr
  0.97CHDEX Cullen High DividendPairCorr
  0.97CHVCX Cullen High DividendPairCorr
  0.86CIHIX Cullen International HighPairCorr
  0.85CIHCX Cullen International HighPairCorr
  0.86CIHDX Cullen International HighPairCorr
  0.9JEPAX Jpmorgan Research EquityPairCorr
  0.9JEPCX Jpmorgan Research EquityPairCorr
  0.94JEPIX Jpmorgan Equity PremiumPairCorr
  0.93GSPKX Goldman Sachs EquityPairCorr
  0.93GVIRX Goldman Sachs EquityPairCorr
  0.91GSPAX Goldman Sachs EquityPairCorr
  0.93GSPQX Goldman Sachs EquityPairCorr
  0.93GSFPX Goldman Sachs EquityPairCorr
  0.91GIDWX Goldman Sachs EquityPairCorr
  0.96BMCIX Blackrock High EquityPairCorr
  0.94FTYPX Fidelity Freedom IndexPairCorr
  0.94FFBTX Fidelity Freedom BlendPairCorr
  0.83GAAVX Gmo Alternative AlloPairCorr
  0.9GCAVX Gmo Small CapPairCorr
  0.94GQLOX Gmo Quality FundPairCorr
  0.93GHVIX Gmo High YieldPairCorr
  0.92GMCQX Gmo Equity AllocationPairCorr
  0.96CMTOX Future Scholar 529PairCorr
  0.72VBMFX Vanguard Total BondPairCorr
  0.89TWWOX Intermediate Term TaxPairCorr
  0.9MRLOX Blackrock Gbl AllocPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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