Calvert Short Correlations

CSDAX Fund

USD 15.86 0.02 0.13%

The current 90-days correlation between Calvert Short Duration and Jhancock Short Duration is -0.28 (i.e., Very 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

Good diversification

The correlation between Calvert Short Duration and DJI is -0.01 (i.e., 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

0.65	VFSUX	Vanguard Short Term	Pair Corr
0.68	VFSIX	Vanguard Short Term	Pair Corr
0.93	VFSTX	Vanguard Short Term	Pair Corr
0.9	VBITX	Vanguard Short Term	Pair Corr
0.65	VBISX	Vanguard Short Term	Pair Corr
0.65	VSCSX	Vanguard Short Term	Pair Corr
0.88	LALDX	Lord Abbett Short	Pair Corr
0.86	LDLAX	Lord Abbett Short	Pair Corr
0.67	LDLRX	Lord Abbett Short	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.69	WMT	Walmart Common Stock	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.71	MRK	Merck Company	Pair Corr

Moving against Calvert Mutual Fund

0.54	HPQ	HP Inc	Pair Corr
0.37	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	JSNIX	TSDCX	TASTX	ATOAX	FUEMX	DULTX
JSNIX		0.96	0.98	0.96	0.95	0.95	JSNIX
TSDCX	0.96		0.96	0.99	0.99	0.98	TSDCX
TASTX	0.98	0.96		0.96	0.95	0.95	TASTX
ATOAX	0.96	0.99	0.96		0.98	0.99	ATOAX
FUEMX	0.95	0.99	0.95	0.98		0.98	FUEMX
DULTX	0.95	0.98	0.95	0.99	0.98		DULTX
	JSNIX	TSDCX	TASTX	ATOAX	FUEMX	DULTX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JSNIX	0.07	0.01	(0.31)	0.26	(0.16)	0.11	(0.11)	0.64
TSDCX	0.04	0.00	0.00	0.42	0.00	0.11	(0.11)	0.44
TASTX	0.07	0.01	(0.35)	0.43	(0.15)	0.10	(0.10)	0.71
ATOAX	0.02	0.00	0.00	0.12	0.00	0.00	0.00	0.30
FUEMX	0.02	0.00	0.00	0.12	0.00	0.00	0.00	0.30
DULTX	0.04	0.01	0.00	1.27	0.00	0.10	(0.10)	0.51

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