Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Equity
CGLAX Fund   18.00  0.17  0.95%   
The current 90-days correlation between Calvert Global Equity and Eaton Vance Worldwide is 0.14 (i.e., Average diversification). The correlation of Calvert Global 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 Global Correlation With Market

Very poor diversification

The correlation between Calvert Global Equity and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Equity 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 Global Equity. 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

  0.92CDHIX Calvert Developed MarketPairCorr
  0.92CDHAX Calvert Developed MarketPairCorr
  0.86CDICX Calvert Short DurationPairCorr
  0.92CDHRX Calvert InternationalPairCorr
  0.87CDSRX Calvert Short DurationPairCorr
  0.87CDSIX Calvert Short DurationPairCorr
  0.9CVMAX Calvert Emerging MarketsPairCorr
  0.9CVMRX Calvert Emerging MarketsPairCorr
  0.9CVMIX Calvert Emerging MarketsPairCorr
  0.9CVMCX Calvert Emerging MarketsPairCorr
  0.89CEFAX Calvert Emerging MarketsPairCorr
  0.89CEFIX Congressional EffectPairCorr
  0.91CEMCX Calvert Emerging MarketsPairCorr
  0.91CEMAX Calvert Emerging MarketsPairCorr
  0.78CEYRX Calvert EquityPairCorr
  0.9CFAIX Calvert ConservativePairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.86CFICX Calvert IncomePairCorr
  0.86CFJIX Calvert Large CapPairCorr
  0.86CFJAX Calvert Large CapPairCorr
  0.91CFWCX Calvert Global WaterPairCorr
  0.91CFWAX Calvert Global WaterPairCorr
  0.91CFWIX Calvert Global WaterPairCorr
  0.97CGARX Calvert Responsible IndexPairCorr
  0.81CGAEX Calvert Global EnergyPairCorr
  0.83CGAFX Calvert Green BondPairCorr
  0.81CGACX Calvert Global EnergyPairCorr
  0.82CGBIX Calvert Green BondPairCorr
  1.0CGLIX Calvert Global EquityPairCorr
  0.88CYBAX Calvert High YieldPairCorr
  0.89CYBRX Calvert High YieldPairCorr
  0.89CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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