Causeway International Correlations

CIOVX Fund

USD 20.41 0.08 0.39%

The current 90-days correlation between Causeway International and Causeway International Small is 0.84 (i.e., Very poor 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

Poor diversification

The correlation between Causeway International Opportu and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Causeway International Opportu 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 Opportunities. 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 unemployment.

Moving together with Causeway Mutual Fund

0.88	CEMIX	Causeway Emerging Markets	Pair Corr
0.88	CEMVX	Causeway Emerging Markets	Pair Corr
0.89	CGVVX	Causeway Global Value	Pair Corr
0.89	CGVIX	Causeway Global Value	Pair Corr
1.0	CIOIX	Causeway International	Pair Corr
0.98	CIVVX	Causeway International	Pair Corr
0.98	CIVIX	Causeway International	Pair Corr
0.93	DOXFX	Dodge Cox International	Pair Corr
0.9	OANIX	Oakmark International	Pair Corr
0.93	DODFX	Dodge International Stock	Pair Corr
0.89	OAKIX	Oakmark International	Pair Corr
0.9	OAYIX	Oakmark International	Pair Corr
0.9	OAZIX	Oakmark International	Pair Corr
0.87	FINVX	Fidelity Series Inte	Pair Corr
0.97	VTRIX	Vanguard International	Pair Corr
0.83	RRIGX	T Rowe Price	Pair Corr
0.82	ETV	Eaton Vance Tax	Pair Corr
0.77	CLM	Cornerstone Strategic	Pair Corr
0.81	CRF	Cornerstone Total Return	Pair Corr
0.8	PCLVX	Pace Large Value	Pair Corr
0.72	FAZRX	Franklin Arizona Tax	Pair Corr
0.86	RROPX	American Funds Retirement	Pair Corr
0.93	NTDIX	Nationwide Destination	Pair Corr
0.9	PAXWX	Pax Balanced	Pair Corr
0.82	MLLCX	Mfs Lifetime Retirement	Pair Corr
0.74	MXUGX	Great West Loomis	Pair Corr
0.69	PFTPX	Pimco Floating Income	Pair Corr
0.94	LIJPX	Blackrock Lifepath Index	Pair Corr
0.91	SWCGX	Schwab Markettrack	Pair Corr
0.91	HFECX	Henderson European Focus	Pair Corr

Related Correlations Analysis

	CVISX	CEMIX	CEMVX	CGVVX	CGVIX	CIISX	CIOIX	CIOVX	CIVVX	CIVIX
CVISX		0.2	0.2	0.61	0.61	1.0	0.41	0.41	0.42	0.41	CVISX
CEMIX	0.2		1.0	0.64	0.64	0.21	0.88	0.88	0.77	0.78	CEMIX
CEMVX	0.2	1.0		0.64	0.64	0.21	0.88	0.88	0.77	0.78	CEMVX
CGVVX	0.61	0.64	0.64		1.0	0.62	0.89	0.89	0.93	0.93	CGVVX
CGVIX	0.61	0.64	0.64	1.0		0.62	0.89	0.89	0.93	0.93	CGVIX
CIISX	1.0	0.21	0.21	0.62	0.62		0.42	0.42	0.43	0.43	CIISX
CIOIX	0.41	0.88	0.88	0.89	0.89	0.42		1.0	0.98	0.98	CIOIX
CIOVX	0.41	0.88	0.88	0.89	0.89	0.42	1.0		0.98	0.98	CIOVX
CIVVX	0.42	0.77	0.77	0.93	0.93	0.43	0.98	0.98		1.0	CIVVX
CIVIX	0.41	0.78	0.78	0.93	0.93	0.43	0.98	0.98	1.0		CIVIX
	CVISX	CEMIX	CEMVX	CGVVX	CGVIX	CIISX	CIOIX	CIOVX	CIVVX	CIVIX

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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
CVISX	0.62	0.01	(0.02)	0.08	0.73	(0.68)	1.14	(1.15)	3.53
CEMIX	0.77	0.10	0.07	0.21	0.89	(0.84)	1.80	(1.15)	5.26
CEMVX	0.77	0.09	0.07	0.20	0.90	(0.84)	1.85	(1.14)	5.25
CGVVX	0.59	0.04	0.04	0.12	0.71	(0.59)	1.06	(1.04)	3.49
CGVIX	0.59	0.04	0.04	0.12	0.73	(0.59)	1.05	(1.03)	3.39
CIISX	0.61	0.01	(0.02)	0.09	0.74	(0.67)	1.13	(1.15)	3.58
CIOIX	0.55	0.05	0.04	0.14	0.67	(0.58)	1.41	(1.16)	4.09
CIOVX	0.55	0.05	0.04	0.13	0.67	(0.58)	1.43	(1.12)	4.08
CIVVX	0.60	0.05	0.04	0.13	0.65	(0.64)	1.52	(1.14)	3.97
CIVIX	0.59	0.05	0.04	0.13	0.68	(0.64)	1.55	(1.13)	3.97

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Causeway International Correlations

Causeway International Correlation With Market

Poor diversification

Moving together with Causeway Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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