Calvert Conservative Correlations

CCLAX Fund

USD 18.98 0.04 0.21%

The current 90-days correlation between Calvert Conservative and American Beacon Bridgeway is 0.06 (i.e., Significant diversification). The correlation of Calvert Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Conservative Allocatio 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 Conservative 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 nation.

Moving together with Calvert Mutual Fund

0.75	CDHIX	Calvert Developed Market	Pair Corr
0.75	CDHAX	Calvert Developed Market	Pair Corr
0.63	CDICX	Calvert Short Duration	Pair Corr
0.75	CDHRX	Calvert International	Pair Corr
0.63	CDSRX	Calvert Short Duration	Pair Corr
0.63	CDSIX	Calvert Short Duration	Pair Corr
0.65	CEYIX	Calvert Equity Portfolio	Pair Corr
0.61	CWVIX	Calvert International	Pair Corr
0.74	CFICX	Calvert Income	Pair Corr
0.79	CFJAX	Calvert Large Cap	Pair Corr
0.67	CGAEX	Calvert Global Energy	Pair Corr
0.63	CGBIX	Calvert Green Bond	Pair Corr
0.78	CGJAX	Calvert Large Cap	Pair Corr
0.78	CGJIX	Calvert Large Cap	Pair Corr
0.69	CGLIX	Calvert Global Equity	Pair Corr
0.73	CYBAX	Calvert High Yield	Pair Corr
0.61	CIESX	Calvert International	Pair Corr
0.72	CISIX	Calvert Large Cap	Pair Corr
0.63	CLDIX	Calvert Long Term	Pair Corr
0.61	CLVRX	Columbia International	Pair Corr
0.88	CMACX	Calvert Moderate All	Pair Corr
0.72	CMJIX	Calvert Mid Cap	Pair Corr
0.72	CMJAX	Calvert Mid Cap	Pair Corr
0.9	CAACX	Calvert Aggressive	Pair Corr
1.0	CAARX	Calvert Conservative	Pair Corr
0.69	CAEIX	Calvert Global Energy	Pair Corr
0.92	CAGIX	Calvert Aggressive	Pair Corr

Moving against Calvert Mutual Fund

0.42

CSECX

Calvert Equity Portfolio

Pair Corr

Related Correlations Analysis

	BWLAX	ADNRX	DNMDX	DSCVX	LVOLX	FIFNX	SECEX	HGLB	MASGX
BWLAX		-0.46	0.85	0.75	0.67	0.19	0.44	-0.4	0.06	BWLAX
ADNRX	-0.46		-0.67	-0.07	-0.44	0.63	0.02	0.49	0.17	ADNRX
DNMDX	0.85	-0.67		0.71	0.7	-0.03	0.46	-0.49	-0.02	DNMDX
DSCVX	0.75	-0.07	0.71		0.57	0.49	0.67	-0.27	0.01	DSCVX
LVOLX	0.67	-0.44	0.7	0.57		0.16	0.27	-0.36	0.02	LVOLX
FIFNX	0.19	0.63	-0.03	0.49	0.16		0.44	0.18	0.39	FIFNX
SECEX	0.44	0.02	0.46	0.67	0.27	0.44		0.25	0.46	SECEX
HGLB	-0.4	0.49	-0.49	-0.27	-0.36	0.18	0.25		0.57	HGLB
MASGX	0.06	0.17	-0.02	0.01	0.02	0.39	0.46	0.57		MASGX
	BWLAX	ADNRX	DNMDX	DSCVX	LVOLX	FIFNX	SECEX	HGLB	MASGX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DNMDX	+ 0.85	BWLAX
DSCVX	+ 0.75	BWLAX
DSCVX	+ 0.71	DNMDX
LVOLX	+ 0.7	DNMDX
LVOLX	+ 0.67	BWLAX
SECEX	+ 0.67	DSCVX

High negative correlations

DNMDX	- 0.67	ADNRX
HGLB	- 0.49	DNMDX
ADNRX	- 0.46	BWLAX
LVOLX	- 0.44	ADNRX
HGLB	- 0.4	BWLAX
HGLB	- 0.36	LVOLX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BWLAX	0.95	0.15	0.05	0.82	1.97	(0.97)	1.60	(1.11)	15.10
ADNRX	1.78	(0.19)	0.00	(0.04)	0.00	0.00	3.54	(4.64)	9.43
DNMDX	0.06	0.02	(0.42)	0.47	0.00	(0.08)	0.17	(0.10)	0.31
DSCVX	0.83	(0.02)	0.00	0.04	1.04	(0.87)	2.01	(1.84)	4.10
LVOLX	0.70	0.06	0.01	2.71	1.37	(0.80)	1.19	(0.97)	10.29
FIFNX	0.65	(0.07)	0.00	(0.02)	0.00	0.00	1.16	(1.86)	3.84
SECEX	0.62	(0.05)	(0.05)	0.00	1.02	(0.55)	1.14	(1.50)	4.47
HGLB	1.19	(0.04)	(0.02)	0.02	1.47	(1.61)	2.62	(2.41)	14.54
MASGX	0.87	0.04	0.04	0.10	0.98	(1.04)	1.70	(1.59)	5.13

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