Calvert Conservative Correlations

Mutual Funds . USA . 
Fund . Calvert Conservative Allocation
CFAIX Fund  USD 17.30  0.08  0.46%   
The current 90-days correlation between Calvert Conservative and Calvert Moderate Allocation is 0.96 (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

CalvertDowDiversified AwayCalvertDowDiversified Away100%

Good diversification

The correlation between Calvert Conservative Allocatio and DJI is -0.15 (i.e., Good 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.85CDHIX Calvert Developed MarketPairCorr
  0.76CDHAX Calvert Developed MarketPairCorr
  0.76CDHRX Calvert InternationalPairCorr
  0.75CVMAX Calvert Emerging MarketsPairCorr
  0.75CVMRX Calvert Emerging MarketsPairCorr
  0.75CVMIX Calvert Emerging MarketsPairCorr
  0.75CVMCX Calvert Emerging MarketsPairCorr
  0.75CEFAX Calvert Emerging MarketsPairCorr
  0.64CEFIX Congressional EffectPairCorr
  0.72CEYIX Calvert Equity PortfolioPairCorr
  0.83CEYRX Calvert EquityPairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.94CWVCX Calvert InternationalPairCorr
  0.87CFJIX Calvert Large CapPairCorr
  0.87CFJAX Calvert Large CapPairCorr
  0.8CFOIX Calvert Floating RatePairCorr
  0.7CFOAX Calvert Floating RatePairCorr
  0.91CFWCX Calvert Global WaterPairCorr
  0.91CFWAX Calvert Global WaterPairCorr
  0.82CFWIX Calvert Global WaterPairCorr
  0.85CGARX Calvert Responsible IndexPairCorr
  0.76CGACX Calvert Global EnergyPairCorr
  0.61CGJAX Calvert Large CapPairCorr
  0.61CGJIX Calvert Large CapPairCorr
  0.79CGLIX Calvert Global EquityPairCorr
  0.79CGLAX Calvert Global EquityPairCorr
  0.9CYBAX Calvert High YieldPairCorr
  0.86CYBRX Calvert High YieldPairCorr
  0.81CYBIX Calvert High YieldPairCorr
  0.95CHBCX Calvert High YieldPairCorr

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.

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