Calvert Short Correlations

Mutual Funds . USA . 
Fund . Calvert Short Duration
CDICX Fund  USD 15.81  0.01  0.06%   
The current 90-days correlation between Calvert Short Duration and Fidelity Sai High is 0.08 (i.e., Significant diversification). The correlation of Calvert Short 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 Short Correlation With Market

Average diversification

The correlation between Calvert Short Duration and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Short Duration 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 Short Duration. 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 manufacturing.

Moving together with Calvert Mutual Fund

  0.72CDHIX Calvert Developed MarketPairCorr
  0.66CDHAX Calvert Developed MarketPairCorr
  0.72CDHRX Calvert InternationalPairCorr
  0.99CDSRX Calvert Short DurationPairCorr
  0.99CDSIX Calvert Short DurationPairCorr
  0.74CEYRX Calvert EquityPairCorr
  0.81CFAIX Calvert ConservativePairCorr
  0.71CWVIX Calvert InternationalPairCorr
  0.66CWVGX Calvert InternationalPairCorr
  0.69CWVCX Calvert InternationalPairCorr
  0.86CFICX Calvert IncomePairCorr
  0.87CFJIX Calvert Large CapPairCorr
  0.84CFJAX Calvert Large CapPairCorr
  0.72CFOIX Calvert Floating RatePairCorr
  0.7CFOAX Calvert Floating RatePairCorr
  0.61CGAFX Calvert Green BondPairCorr
  0.7CGBIX Calvert Green BondPairCorr
  0.89CYBAX Calvert High YieldPairCorr
  0.91CYBRX Calvert High YieldPairCorr
  0.9CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Short 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 Short'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FSHGX  0.14 (0.01)(0.36) 0.05  0.07 
(0.20)
 0.32 
(0.32)
 0.85 
PLIIX  0.13  0.00 (0.39) 0.06  0.08 
(0.18)
 0.21 
(0.31)
 0.72 
PLIDX  0.14  0.00 (0.42) 0.06  0.10 
(0.18)
 0.31 
(0.31)
 0.72 
JAFIX  0.13 (0.01)(0.41)(0.09) 0.14 
(0.17)
 0.32 
(0.21)
 0.85 
JDFAX  0.14 (0.01)(0.36)(0.04) 0.15 
(0.17)
 0.32 
(0.32)
 0.85 
PSTKX  0.83  0.02  0.03  0.10  1.23 
(0.87)
 1.53 
(1.61)
 16.83 
CBHAX  0.18  0.01 (0.28)(0.80) 0.16 
(0.22)
 0.47 
(0.35)
 1.17 
IPOAX  0.80  0.23  0.15  1.32  0.74 
(0.89)
 1.80 
(1.16)
 10.13 
PDIIX  0.13  0.02 (0.49) 1.33  0.00 
(0.18)
 0.30 
(0.20)
 0.70 
BFGIX  0.95  0.11  0.11  0.20  0.86 
(1.15)
 1.45 
(1.66)
 12.66 

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