Causeway Global Correlations

Mutual Funds . USA . 
Fund . Causeway Global Value
CGVIX Fund  USD 15.82  0.10  0.64%   
The current 90-days correlation between Causeway Global Value and Franklin Small Cap is 0.76 (i.e., Poor diversification). The correlation of Causeway Global 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 Global Correlation With Market

Poor diversification

The correlation between Causeway Global Value and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway Global 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 Global 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

  0.68CEMIX Causeway Emerging MarketsPairCorr
  0.77CEMVX Causeway Emerging MarketsPairCorr
  1.0CGVVX Causeway Global ValuePairCorr
  0.92CIOIX Causeway InternationalPairCorr
  0.92CIOVX Causeway InternationalPairCorr
  0.94CIVVX Causeway InternationalPairCorr
  0.94CIVIX Causeway InternationalPairCorr
  0.89TEDRX Franklin Mutual GlobalPairCorr
  0.89FMDRX Franklin Mutual GlobalPairCorr
  0.97DOXWX Dodge Cox GlobalPairCorr
  0.97DODWX Dodge Global StockPairCorr
  0.78TRZRX T Rowe PricePairCorr
  0.89TEDIX Franklin Mutual GlobalPairCorr
  0.89MDISX Franklin Mutual GlobalPairCorr
  0.89TEDSX Franklin Mutual GlobalPairCorr
  0.78PRAFX T Rowe PricePairCorr
  0.62ERH Allspring Utilities AndPairCorr
  0.64WHIAX Ivy High IncomePairCorr
  0.61IVHIX Ivy High IncomePairCorr
  0.61IHIFX Ivy High IncomePairCorr
  0.61WHIYX Ivy High IncomePairCorr
  0.72BHYIX Blackrock High YieldPairCorr
  0.88LWLAX L Mason QsPairCorr
  0.83SRUAX Spectrum Fund AdviserPairCorr
  0.93AORSX One Choice PortfolioPairCorr
  0.93PSGFX Strategic Asset ManaPairCorr
  0.9LIWKX Blackrock Lifepath IndexPairCorr
  0.92BLAFX Lord Abbett BalancedPairCorr
  0.74DRGVX Dreyfus Strategic ValuePairCorr
  0.71GIOTX Gmo InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Causeway Mutual Fund performing well and Causeway Global 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 Global'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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