Causeway Global Correlations

CGVVX Fund

USD 15.56 0.09 0.58%

The current 90-days correlation between Causeway Global Value and Dodge Global Stock is 0.89 (i.e., Very 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 0.68 (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 real.

Moving together with Causeway Mutual Fund

0.73	CVISX	Causeway International	Pair Corr
0.73	CEMIX	Causeway Emerging Markets	Pair Corr
0.73	CEMVX	Causeway Emerging Markets	Pair Corr
1.0	CGVIX	Causeway Global Value	Pair Corr
0.74	CIISX	Causeway International	Pair Corr
0.81	TEDRX	Franklin Mutual Global	Pair Corr
0.83	FMDRX	Franklin Mutual Global	Pair Corr
0.86	DOXWX	Dodge Cox Global	Pair Corr
0.85	DODWX	Dodge Global Stock	Pair Corr
0.82	TRZRX	T Rowe Price	Pair Corr
0.82	TEDIX	Franklin Mutual Global	Pair Corr
0.83	MDISX	Franklin Mutual Global	Pair Corr
0.8	TEDSX	Franklin Mutual Global	Pair Corr
0.81	PRAFX	T Rowe Price	Pair Corr
0.61	BEGRX	Franklin Mutual Beacon	Pair Corr
0.84	VBFIX	Victory Strategic	Pair Corr
0.8	VTTVX	Vanguard Target Reti	Pair Corr
0.66	CII	Blackrock Enhanced	Pair Corr

Related Correlations Analysis

	DODWX	TRZRX	TEDIX	MDISX	PRAFX	BEGRX
DODWX		0.86	0.75	0.76	0.87	0.3	DODWX
TRZRX	0.86		0.69	0.7	1.0	0.35	TRZRX
TEDIX	0.75	0.69		1.0	0.7	0.61	TEDIX
MDISX	0.76	0.7	1.0		0.71	0.62	MDISX
PRAFX	0.87	1.0	0.7	0.71		0.33	PRAFX
BEGRX	0.3	0.35	0.61	0.62	0.33		BEGRX
	DODWX	TRZRX	TEDIX	MDISX	PRAFX	BEGRX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DODWX	0.52	(0.08)	(0.18)	0.00	0.67	(0.56)	1.08	(1.09)	3.17
TRZRX	0.56	(0.03)	(0.12)	0.07	0.71	(0.61)	1.31	(1.21)	3.12
TEDIX	0.51	(0.08)	(0.18)	0.01	0.66	(0.50)	0.88	(1.05)	2.77
MDISX	0.51	(0.07)	(0.18)	0.01	0.67	(0.48)	0.85	(1.08)	2.74
PRAFX	0.57	(0.04)	(0.12)	0.06	0.73	(0.59)	1.31	(1.15)	3.19
BEGRX	0.49	(0.05)	(0.16)	0.04	0.58	(0.50)	0.83	(0.99)	2.81

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Causeway Global Correlations

Causeway Global Correlation With Market

Poor diversification

Moving together with Causeway Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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