Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Equity
CGLIX Fund   18.04  0.07  0.39%   
The current 90-days correlation between Calvert Global Equity and Fidelity Managed Retirement is 0.42 (i.e., Very weak 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.92CDHIX Calvert Developed MarketPairCorr
  0.91CDHAX Calvert Developed MarketPairCorr
  0.86CDICX Calvert Short DurationPairCorr
  0.92CDHRX Calvert InternationalPairCorr
  0.87CDSRX Calvert Short DurationPairCorr
  0.87CDSIX Calvert Short DurationPairCorr
  0.88CVMAX Calvert Emerging MarketsPairCorr
  0.9CVMRX Calvert Emerging MarketsPairCorr
  0.9CVMIX Calvert Emerging MarketsPairCorr
  0.9CVMCX Calvert Emerging MarketsPairCorr
  0.62CEFAX Calvert Emerging MarketsPairCorr
  0.89CEFIX Congressional EffectPairCorr
  0.91CEMCX Calvert Emerging MarketsPairCorr
  0.63CEMAX Calvert Emerging MarketsPairCorr
  0.77CEYRX Calvert EquityPairCorr
  0.9CFAIX Calvert ConservativePairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.61CFICX Calvert IncomePairCorr
  0.86CFJIX Calvert Large CapPairCorr
  0.86CFJAX Calvert Large CapPairCorr
  0.91CFWCX Calvert Global WaterPairCorr
  0.9CFWAX Calvert Global WaterPairCorr
  0.9CFWIX Calvert Global WaterPairCorr
  0.97CGARX Calvert Responsible IndexPairCorr
  0.79CGAEX Calvert Global EnergyPairCorr
  0.85CGLAX 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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