Calvert Income Correlations

Mutual Funds . USA . 
Fund . Calvert Income Fund
CIFCX Fund  USD 15.08  0.04  0.27%   
The current 90-days correlation between Calvert Income and Vanguard Intermediate Term Porate is 0.94 (i.e., Almost no diversification). The correlation of Calvert Income 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 Income Correlation With Market

Good diversification

The correlation between Calvert Income Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Income Fund 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 Income Fund. 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 main economic indicators.

Moving together with Calvert Mutual Fund

  0.67CDHIX Calvert Developed MarketPairCorr
  0.67CDHAX Calvert Developed MarketPairCorr
  0.89CDICX Calvert Short DurationPairCorr
  0.67CDHRX Calvert InternationalPairCorr
  0.74CDSRX Calvert Short DurationPairCorr
  0.73CDSIX Calvert Short DurationPairCorr
  0.64CEFAX Calvert Emerging MarketsPairCorr
  0.63CEFIX Congressional EffectPairCorr
  0.67CEMCX Calvert Emerging MarketsPairCorr
  0.66CEMAX Calvert Emerging MarketsPairCorr
  0.73CFAIX Calvert ConservativePairCorr
  0.74CWVIX Calvert InternationalPairCorr
  0.74CWVGX Calvert InternationalPairCorr
  0.75CWVCX Calvert InternationalPairCorr
  1.0CFICX Calvert IncomePairCorr
  0.99CGAFX Calvert Green BondPairCorr
  0.99CGBIX Calvert Green BondPairCorr
  0.66CGEIX Columbia Select GlobalPairCorr
  0.69CGECX Calvert FundPairCorr

Moving against Calvert Mutual Fund

  0.74CFOIX Calvert Floating RatePairCorr
  0.73CFOAX Calvert Floating RatePairCorr
  0.66CGJIX Calvert Large CapPairCorr
  0.65CGJAX Calvert Large CapPairCorr
  0.61CFJIX Calvert Large CapPairCorr
  0.61CFJAX Calvert Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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