Calvert Floating-rate Correlations

Mutual Funds . USA . 
Fund . Calvert Floating Rate Advantage
CFOIX Fund  USD 8.63  0.01  0.12%   
The current 90-days correlation between Calvert Floating Rate and Western Asset New is -0.2 (i.e., Good diversification). The correlation of Calvert Floating-rate 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 Floating-rate Correlation With Market

CalvertDowDiversified AwayCalvertDowDiversified Away100%

Modest diversification

The correlation between Calvert Floating Rate Advantag and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Floating Rate Advantag 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 Floating Rate Advantage. 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

  0.7CDHIX Calvert Developed MarketPairCorr
  0.71CDHAX Calvert Developed MarketPairCorr
  0.69CDHRX Calvert InternationalPairCorr
  0.71CVMAX Calvert Emerging MarketsPairCorr
  0.71CVMRX Calvert Emerging MarketsPairCorr
  0.71CVMIX Calvert Emerging MarketsPairCorr
  0.72CVMCX Calvert Emerging MarketsPairCorr
  0.64CEFAX Calvert Emerging MarketsPairCorr
  0.62CEFIX Congressional EffectPairCorr
  0.82CEYIX Calvert Equity PortfolioPairCorr
  0.82CEYRX Calvert EquityPairCorr
  0.94CFAIX Calvert ConservativePairCorr
  0.84CWVIX Calvert InternationalPairCorr
  0.84CWVGX Calvert InternationalPairCorr
  0.84CWVCX Calvert InternationalPairCorr
  0.82CFJIX Calvert Large CapPairCorr
  0.9CFJAX Calvert Large CapPairCorr
  1.0CFOAX Calvert Floating RatePairCorr
  0.85CFWCX Calvert Global WaterPairCorr
  0.85CFWAX Calvert Global WaterPairCorr
  0.84CFWIX Calvert Global WaterPairCorr
  0.91CGARX Calvert Responsible IndexPairCorr
  0.74CGAEX Calvert Global EnergyPairCorr
  0.81CGACX Calvert Global EnergyPairCorr
  0.82CGJAX Calvert Large CapPairCorr
  0.82CGJIX Calvert Large CapPairCorr
  0.82CGLIX Calvert Global EquityPairCorr
  0.91CGLAX Calvert Global EquityPairCorr
  0.87CYBAX Calvert High YieldPairCorr
  0.94CYBRX Calvert High YieldPairCorr
  0.9CYBIX 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 Floating-rate 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 Floating-rate'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.

Trending Assets

GMLVX
Guidemark Large Cap
10.96  0.11  1.01 
PBLIX
Pnc Balanced Allocation
12.42  0.06  0.49 
SNJLX
Western Asset New
11.25  0.02  0.18 
EICVX
Eic Value Fund
17.12  0.19  1.12 
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