Calvert Conservative Correlations

CCLAX Fund  USD 17.89  0.04  0.22%   
The current 90-days correlation between Calvert Conservative and Calvert Moderate Allocation is 0.92 (i.e., Almost no 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

Weak diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.37 (i.e., Weak 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

  0.62CDHRX Calvert InternationalPairCorr
  0.65CEYIX Calvert Equity PortfolioPairCorr
  0.69CEYRX Calvert EquityPairCorr
  1.0CFAIX Calvert ConservativePairCorr
  0.77CFICX Calvert IncomePairCorr
  0.73CFJIX Calvert Large CapPairCorr
  0.74CFJAX Calvert Large CapPairCorr
  0.69CFWCX Calvert Global WaterPairCorr
  0.69CFWAX Calvert Global WaterPairCorr
  0.65CFWIX Calvert Global WaterPairCorr
  0.94CGARX Calvert Responsible IndexPairCorr
  0.71CGAFX Calvert Green BondPairCorr
  0.78CGBIX Calvert Green BondPairCorr
  0.64CGJAX Calvert Large CapPairCorr
  0.63CGJIX Calvert Large CapPairCorr
  0.81CGLIX Calvert Global EquityPairCorr
  0.8CGLAX Calvert Global EquityPairCorr

Related Correlations Analysis

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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.