Cullen High Dividend Fund Market Value
| CHDEX Fund | USD 13.89 0.18 1.28% |
| Symbol | Cullen |
Cullen High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cullen High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cullen High.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Cullen High on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cullen High Dividend or generate 0.0% return on investment in Cullen High over 30 days. Cullen High is related to or competes with Value Fund, Lazard Global, Lazard International, Tcw Relative, and Amg River. The fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in dividend paying comm... More
Cullen High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cullen High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cullen High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6278 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.8734 |
Cullen High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cullen High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cullen High's standard deviation. In reality, there are many statistical measures that can use Cullen High historical prices to predict the future Cullen High's volatility.| Risk Adjusted Performance | 0.0574 | |||
| Jensen Alpha | 0.0413 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cullen High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cullen High Dividend Backtested Returns
We consider Cullen High very steady. Cullen High Dividend secures Sharpe Ratio (or Efficiency) of 0.0564, which signifies that the fund had a 0.0564% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cullen High Dividend, which you can use to evaluate the volatility of the entity. Please confirm Cullen High's Mean Deviation of 0.4424, downside deviation of 0.6278, and Risk Adjusted Performance of 0.0574 to double-check if the risk estimate we provide is consistent with the expected return of 0.0334%. The fund shows a Beta (market volatility) of 0.0376, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cullen High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cullen High is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Cullen High Dividend has good reverse predictability. Overlapping area represents the amount of predictability between Cullen High time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cullen High Dividend price movement. The serial correlation of -0.51 indicates that about 51.0% of current Cullen High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cullen High Dividend lagged returns against current returns
Autocorrelation, which is Cullen High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cullen High's mutual fund expected returns. We can calculate the autocorrelation of Cullen High returns to help us make a trade decision. For example, suppose you find that Cullen High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cullen High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cullen High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cullen High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cullen High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cullen High Lagged Returns
When evaluating Cullen High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cullen High mutual fund have on its future price. Cullen High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cullen High autocorrelation shows the relationship between Cullen High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cullen High Dividend.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cullen High in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cullen High's short interest history, or implied volatility extrapolated from Cullen High options trading.
Pair Trading with Cullen High
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cullen High position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cullen High will appreciate offsetting losses from the drop in the long position's value.Moving together with Cullen Mutual Fund
| 0.66 | CUSIX | Cullen Small Cap | PairCorr |
| 0.72 | CUSCX | Cullen Small Cap | PairCorr |
| 0.73 | CUSRX | Cullen Small Cap | PairCorr |
| 0.98 | CVLVX | Cullen Value | PairCorr |
| 0.98 | CVLFX | Cullen Value | PairCorr |
The ability to find closely correlated positions to Cullen High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cullen High when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cullen High - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cullen High Dividend to buy it.
The correlation of Cullen High 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cullen High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cullen High Dividend moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cullen High can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cullen High Correlation, Cullen High Volatility and Cullen High Alpha and Beta module to complement your research on Cullen High. Note that the Cullen High Dividend information on this page should be used as a complementary analysis to other Cullen High's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Cullen High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.