Cullen Enhanced Correlations

Mutual Funds . USA . 
Fund . Cullen Enhanced Equity
ENHRX Fund  USD 11.03  0.03  0.27%   
The current 90-days correlation between Cullen Enhanced Equity and Cullen Enhanced Equity is 0.99 (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 0.76 (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

  0.82CUSIX Cullen Small CapPairCorr
  0.82CUSCX Cullen Small CapPairCorr
  0.82CUSRX Cullen Small CapPairCorr
  0.93CVLVX Cullen ValuePairCorr
  0.93CVLFX Cullen ValuePairCorr
  0.86CVLEX Cullen ValuePairCorr
  1.0ENHNX Cullen Enhanced EquityPairCorr
  1.0ENHCX Cullen Enhanced EquityPairCorr
  0.86CHDVX Cullen High DividendPairCorr
  0.86CHDEX Cullen High DividendPairCorr
  0.72CHVCX Cullen High DividendPairCorr
  0.9JEPAX Jpmorgan Research EquityPairCorr
  0.9JEPCX Jpmorgan Research EquityPairCorr
  0.84JEPIX Jpmorgan Equity PremiumPairCorr
  0.84GSPKX Goldman Sachs EquityPairCorr
  0.84GVIRX Goldman Sachs EquityPairCorr
  0.84GSPAX Goldman Sachs EquityPairCorr
  0.84GSPQX Goldman Sachs EquityPairCorr
  0.84GSFPX Goldman Sachs EquityPairCorr
  0.81GIDWX Goldman Sachs EquityPairCorr
  0.79BMCIX Blackrock High EquityPairCorr
  0.74LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.75LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.78RSNYX Victory Global NaturalPairCorr
  0.75LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.78RSNRX Victory Global NaturalPairCorr
  0.74LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.78RGNCX Victory Global NaturalPairCorr
  0.74WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.87VMIDX Mid Cap IndexPairCorr

Moving against Cullen Mutual Fund

  0.41CIHCX Cullen International HighPairCorr
  0.4CIHIX Cullen International HighPairCorr
  0.4CIHDX Cullen International HighPairCorr

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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