Calvert Short Correlations

CSDAX Fund

USD 15.57 0.04 0.26%

The current 90-days correlation between Calvert Short Duration and Calvert Developed Market is -0.17 (i.e., Good diversification). The correlation of Calvert Short 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 Short Correlation With Market

Very good diversification

The correlation between Calvert Short Duration and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Short Duration 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 Short Duration. 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

1.0	CDICX	Calvert Short Duration	Pair Corr
1.0	CDSRX	Calvert Short Duration	Pair Corr
1.0	CDSIX	Calvert Short Duration	Pair Corr
0.92	CFICX	Calvert Income	Pair Corr
0.97	CGAFX	Calvert Green Bond	Pair Corr
0.91	CGBIX	Calvert Green Bond	Pair Corr
0.9	CIFCX	Calvert Income	Pair Corr

Moving against Calvert Mutual Fund

0.62	CEMCX	Calvert Emerging Markets	Pair Corr
0.54	CEMAX	Calvert Emerging Markets	Pair Corr
0.35	CEYRX	Calvert Equity	Pair Corr
0.64	CGJAX	Calvert Large Cap	Pair Corr
0.64	CGJIX	Calvert Large Cap	Pair Corr
0.34	CGLIX	Calvert Global Equity	Pair Corr
0.34	CGLAX	Calvert Global Equity	Pair Corr
0.31	CFJAX	Calvert Large Cap	Pair Corr

Related Correlations Analysis

	CDHIX	CDHAX	CDICX	CDHRX	CDSRX	CVMAX	CVMRX	CVMIX	CVMCX
CDHIX		1.0	0.47	1.0	0.46	0.93	0.93	0.93	0.93	CDHIX
CDHAX	1.0		0.46	1.0	0.46	0.93	0.93	0.93	0.93	CDHAX
CDICX	0.47	0.46		0.47	1.0	0.3	0.3	0.3	0.28	CDICX
CDHRX	1.0	1.0	0.47		0.46	0.93	0.93	0.93	0.93	CDHRX
CDSRX	0.46	0.46	1.0	0.46		0.29	0.3	0.29	0.28	CDSRX
CVMAX	0.93	0.93	0.3	0.93	0.29		1.0	1.0	1.0	CVMAX
CVMRX	0.93	0.93	0.3	0.93	0.3	1.0		1.0	1.0	CVMRX
CVMIX	0.93	0.93	0.3	0.93	0.29	1.0	1.0		1.0	CVMIX
CVMCX	0.93	0.93	0.28	0.93	0.28	1.0	1.0	1.0		CVMCX
	CDHIX	CDHAX	CDICX	CDHRX	CDSRX	CVMAX	CVMRX	CVMIX	CVMCX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDHIX	0.97	0.09	0.06	0.02	1.59	(0.89)	1.94	(1.88)	8.45
CDHAX	0.97	0.09	0.06	0.02	1.59	(0.90)	1.97	(1.88)	8.47
CDICX	0.10	0.00	0.48	0.17	0.09	(0.12)	0.26	(0.26)	0.83
CDHRX	0.97	0.09	0.06	0.02	1.59	(0.90)	1.94	(1.89)	8.47
CDSRX	0.11	0.00	0.50	0.01	0.09	(0.14)	0.26	(0.25)	0.89
CVMAX	1.09	0.01	0.00	(0.07)	0.00	0.00	1.92	(2.32)	8.34
CVMRX	1.09	0.01	0.00	(0.06)	0.00	0.00	1.91	(2.36)	8.34
CVMIX	1.09	0.01	0.00	(0.06)	0.00	0.00	1.90	(2.36)	8.32
CVMCX	1.09	0.01	0.00	(0.07)	0.00	0.00	1.93	(2.36)	8.33

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