Calvert Moderate Correlations

Mutual Funds . USA . 
Fund . Calvert Moderate Allocation
CLAIX Fund  USD 20.47  0.82  3.85%   
The current 90-days correlation between Calvert Moderate All and Touchstone Large Cap is 0.9 (i.e., Almost no diversification). The correlation of Calvert Moderate 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 Moderate Correlation With Market

CalvertDowDiversified AwayCalvertDowDiversified Away100%

Almost no diversification

The correlation between Calvert Moderate Allocation and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Moderate Allocation 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 Moderate Allocation. 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

  0.93CEYIX Calvert Equity PortfolioPairCorr
  0.93CEYRX Calvert EquityPairCorr
  0.82CFAIX Calvert ConservativePairCorr
  0.66CWVIX Calvert InternationalPairCorr
  0.66CWVGX Calvert InternationalPairCorr
  0.67CWVCX Calvert InternationalPairCorr
  0.93CFJIX Calvert Large CapPairCorr
  0.93CFJAX Calvert Large CapPairCorr
  0.76CFOIX Calvert Floating Rate Potential GrowthPairCorr
  0.76CFOAX Calvert Floating Rate Potential GrowthPairCorr
  0.73CFWCX Calvert Global WaterPairCorr
  0.72CFWAX Calvert Global WaterPairCorr
  0.71CFWIX Calvert Global WaterPairCorr
  0.98CGARX Calvert Responsible IndexPairCorr
  0.73CGJAX Calvert Large CapPairCorr
  0.73CGJIX Calvert Large CapPairCorr
  0.92CGLIX Calvert Global EquityPairCorr
  0.92CGLAX Calvert Global EquityPairCorr
  0.71CYBAX Calvert High YieldPairCorr
  0.68CYBRX Calvert High YieldPairCorr
  0.69CYBIX 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 Moderate 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 Moderate'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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