Cullen International High Fund Market Value
| CIHDX Fund | USD 11.10 0.06 0.54% |
| Symbol | Cullen |
Cullen International '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 International'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 International.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cullen International on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cullen International High or generate 0.0% return on investment in Cullen International over 30 days. Cullen International is related to or competes with Dodge International, SCOR PK, Morningstar Unconstrained, SPACE, and Via Renewables. The fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in high dividend paying... More
Cullen International 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 International'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 International High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6396 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.9946 |
Cullen International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cullen International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cullen International's standard deviation. In reality, there are many statistical measures that can use Cullen International historical prices to predict the future Cullen International's volatility.| Risk Adjusted Performance | 0.1033 | |||
| Jensen Alpha | 0.0377 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1562 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cullen International'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 International High Backtested Returns
We consider Cullen International very steady. Cullen International High secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cullen International High, which you can use to evaluate the volatility of the entity. Please confirm Cullen International's Mean Deviation of 0.4026, risk adjusted performance of 0.1033, and Downside Deviation of 0.6396 to double-check if the risk estimate we provide is consistent with the expected return of 0.0838%. The fund shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cullen International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cullen International is expected to be smaller as well.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Cullen International High has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cullen International time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 International High price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Cullen International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cullen International High lagged returns against current returns
Autocorrelation, which is Cullen International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Cullen International returns to help us make a trade decision. For example, suppose you find that Cullen International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cullen International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cullen International Lagged Returns
When evaluating Cullen International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cullen International mutual fund have on its future price. Cullen International 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 International autocorrelation shows the relationship between Cullen International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cullen International High.
Regressed Prices |
| Timeline |
Pair Trading with Cullen International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.Moving together with Cullen Mutual Fund
| 0.7 | CUSIX | Cullen Small Cap | PairCorr |
| 0.68 | CUSCX | Cullen Small Cap | PairCorr |
| 0.69 | CUSRX | Cullen Small Cap | PairCorr |
| 0.95 | CVLVX | Cullen Value | PairCorr |
| 0.95 | CVLEX | Cullen Value | PairCorr |
The ability to find closely correlated positions to Cullen International 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 International 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 International - 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 International High to buy it.
The correlation of Cullen 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cullen International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cullen International High 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 International 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 International Correlation, Cullen International Volatility and Cullen International Alpha and Beta module to complement your research on Cullen International. Note that the Cullen International High information on this page should be used as a complementary analysis to other Cullen International'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Cullen International 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.