Calvert Aggressive Correlations

Mutual Funds . USA . 
Fund . Calvert Aggressive Allocation
CAGIX Fund  USD 30.25  0.21  0.69%   
The current 90-days correlation between Calvert Aggressive and Wesmark Growth Fund is 0.93 (i.e., Almost no diversification). The correlation of Calvert Aggressive 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.

Calvert Aggressive Correlation With Market

Very poor diversification

The correlation between Calvert Aggressive Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Aggressive Allocation 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 Calvert Aggressive Allocation. 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.85CDHIX Calvert Developed MarketPairCorr
  0.96CDHAX Calvert Developed MarketPairCorr
  0.71CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.9CDSRX Calvert Short DurationPairCorr
  0.9CDSIX Calvert Short DurationPairCorr
  0.79CVMAX Calvert Emerging MarketsPairCorr
  0.89CVMRX Calvert Emerging MarketsPairCorr
  0.79CVMIX Calvert Emerging MarketsPairCorr
  0.88CVMCX Calvert Emerging MarketsPairCorr
  0.89CEFAX Calvert Emerging MarketsPairCorr
  0.9CEFIX Congressional EffectPairCorr
  0.89CEMCX Calvert Emerging MarketsPairCorr
  0.89CEMAX Calvert Emerging MarketsPairCorr
  0.79CEYIX Calvert Equity Portfolio Potential GrowthPairCorr
  0.68CEYRX Calvert Equity Potential GrowthPairCorr
  0.99CFAIX Calvert ConservativePairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.9CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.96CFJAX Calvert Large CapPairCorr
  0.86CFWCX Calvert Global WaterPairCorr
  0.94CFWAX Calvert Global WaterPairCorr
  0.95CFWIX Calvert Global WaterPairCorr
  0.97CGARX Calvert Responsible IndexPairCorr
  0.88CGAEX Calvert Global EnergyPairCorr
  0.81CGAFX Calvert Green BondPairCorr
  0.89CGACX Calvert Global EnergyPairCorr
  0.83CGBIX Calvert Green BondPairCorr
  0.75CGJAX Calvert Large CapPairCorr
  0.75CGJIX Calvert Large CapPairCorr
  0.9CGLIX Calvert Global EquityPairCorr
  0.9CGLAX Calvert Global EquityPairCorr
  0.79CYBAX Calvert High YieldPairCorr
  0.93CYBRX Calvert High YieldPairCorr
  0.93CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Aggressive 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 Calvert Aggressive'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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