Cullen Value Fund Market Value
| CVLVX Fund | USD 13.49 0.07 0.52% |
| Symbol | Cullen |
Cullen Value '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 Value'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 Value.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cullen Value on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cullen Value Fund or generate 0.0% return on investment in Cullen Value over 60 days. Cullen Value is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in common stocks of com... More
Cullen Value 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 Value'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 Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7345 | |||
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.8327 |
Cullen Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cullen Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cullen Value's standard deviation. In reality, there are many statistical measures that can use Cullen Value historical prices to predict the future Cullen Value's volatility.| Risk Adjusted Performance | 0.1107 | |||
| Jensen Alpha | 0.0218 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | 0.01 | |||
| Treynor Ratio | 0.1116 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cullen Value'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 Value Backtested Returns
We consider Cullen Value very steady. Cullen Value 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-seven technical indicators for Cullen Value Fund, which you can use to evaluate the volatility of the entity. Please confirm Cullen Value's Mean Deviation of 0.4288, downside deviation of 0.7345, and Risk Adjusted Performance of 0.1107 to double-check if the risk estimate we provide is consistent with the expected return of 0.0888%. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cullen Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cullen Value is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Cullen Value Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cullen Value time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Value price movement. The serial correlation of -0.75 indicates that around 75.0% of current Cullen Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Cullen Value lagged returns against current returns
Autocorrelation, which is Cullen Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Cullen Value returns to help us make a trade decision. For example, suppose you find that Cullen Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cullen Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Cullen Value Lagged Returns
When evaluating Cullen Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cullen Value mutual fund have on its future price. Cullen Value 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 Value autocorrelation shows the relationship between Cullen Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Cullen Value Fund.
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 Value 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 Value's short interest history, or implied volatility extrapolated from Cullen Value options trading.
Pair Trading with Cullen Value
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 Value 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 Value will appreciate offsetting losses from the drop in the long position's value.Moving together with Cullen Mutual Fund
| 0.67 | CUSCX | Cullen Small Cap | PairCorr |
| 0.87 | CEMDX | Cullen Emerging Markets | PairCorr |
| 0.98 | CHDRX | Cullen High Dividend | PairCorr |
| 0.98 | CHDEX | Cullen High Dividend | PairCorr |
| 0.99 | VVIAX | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to Cullen Value 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 Value 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 Value - 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 Value Fund to buy it.
The correlation of Cullen Value 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 Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cullen Value 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 Value 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 Value Correlation, Cullen Value Volatility and Cullen Value Alpha and Beta module to complement your research on Cullen Value. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Cullen Value 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.