Calvert High Correlations

Mutual Funds . USA . 
Fund . Calvert High Yield
CHBCX Fund  USD 25.65  0.02  0.08%   
The current 90-days correlation between Calvert High Yield and Gabelli Gold Fund is 0.05 (i.e., Significant diversification). The correlation of Calvert High 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 High Correlation With Market

Almost no diversification

The correlation between Calvert High Yield and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert High Yield 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 High Yield. 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 unemployment.

Moving together with CALVERT Mutual Fund

  0.91CDHIX Calvert Developed MarketPairCorr
  0.91CDHAX Calvert Developed MarketPairCorr
  0.95CDICX Calvert Short DurationPairCorr
  0.91CDHRX Calvert InternationalPairCorr
  0.95CDSRX Calvert Short DurationPairCorr
  0.96CDSIX Calvert Short DurationPairCorr
  0.8CVMAX Calvert Emerging MarketsPairCorr
  0.8CVMRX Calvert Emerging MarketsPairCorr
  0.8CVMIX Calvert Emerging MarketsPairCorr
  0.79CVMCX Calvert Emerging MarketsPairCorr
  0.87CEFAX Calvert Emerging MarketsPairCorr
  0.87CEFIX Congressional EffectPairCorr
  0.88CEMCX Calvert Emerging MarketsPairCorr
  0.88CEMAX Calvert Emerging MarketsPairCorr
  0.79CEYIX Calvert Equity PortfolioPairCorr
  0.84CEYRX Calvert EquityPairCorr
  0.93CFAIX Calvert ConservativePairCorr
  0.89CWVIX Calvert InternationalPairCorr
  0.89CWVGX Calvert InternationalPairCorr
  0.88CWVCX Calvert InternationalPairCorr
  0.91CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.95CFJAX Calvert Large CapPairCorr
  0.78CFOIX Calvert Floating RatePairCorr
  0.71CFOAX Calvert Floating RatePairCorr
  0.84CFWCX Calvert Global WaterPairCorr
  0.84CFWAX Calvert Global WaterPairCorr
  0.84CFWIX Calvert Global WaterPairCorr
  0.93CGARX Calvert Responsible IndexPairCorr
  0.72CGAEX Calvert Global EnergyPairCorr
  0.75CGAFX Calvert Green BondPairCorr
  0.71CGACX Calvert Global EnergyPairCorr
  0.8CGBIX Calvert Green BondPairCorr
  0.87CGLIX Calvert Global EquityPairCorr
  0.87CGLAX Calvert Global EquityPairCorr
  1.0CYBAX Calvert High YieldPairCorr
  1.0CYBRX Calvert High YieldPairCorr
  1.0CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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