Calvert Balanced Correlations

CSGCX Fund

USD 43.68 0.37 0.85%

The current 90-days correlation between Calvert Balanced Por and Calvert Equity Portfolio is 0.02 (i.e., Significant diversification). The correlation of Calvert Balanced 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 Balanced Correlation With Market

Modest diversification

The correlation between Calvert Balanced Portfolio and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Balanced Portfolio 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 Balanced Portfolio. 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

0.61	CVMCX	Calvert Emerging Markets	Pair Corr
0.83	CEMCX	Calvert Emerging Markets	Pair Corr
0.72	CEMAX	Calvert Emerging Markets	Pair Corr
0.65	CEYIX	Calvert Equity Portfolio	Pair Corr
0.73	CEYRX	Calvert Equity	Pair Corr
0.61	CFJIX	Calvert Large Cap	Pair Corr
0.61	CFJAX	Calvert Large Cap	Pair Corr
0.84	CFWCX	Calvert Global Water	Pair Corr
0.84	CFWAX	Calvert Global Water	Pair Corr
0.84	CFWIX	Calvert Global Water	Pair Corr
0.78	CGARX	Calvert Responsible Index	Pair Corr
0.69	CGAEX	Calvert Global Energy	Pair Corr
0.76	CGACX	Calvert Global Energy	Pair Corr
0.74	CGJAX	Calvert Large Cap	Pair Corr
0.73	CGJIX	Calvert Large Cap	Pair Corr
0.95	CGLIX	Calvert Global Equity	Pair Corr
0.96	CGLAX	Calvert Global Equity	Pair Corr

Moving against Calvert Mutual Fund

0.35	CDSRX	Calvert Short Duration	Pair Corr
0.31	CDSIX	Calvert Short Duration	Pair Corr
0.5	CFOIX	Calvert Floating Rate	Pair Corr
0.45	CFOAX	Calvert Floating Rate	Pair Corr

Related Correlations Analysis

	CSECX	CSIFX	CSXCX	CWVCX	CBAIX
CSECX		0.67	0.51	0.26	0.62	CSECX
CSIFX	0.67		0.71	0.26	0.89	CSIFX
CSXCX	0.51	0.71		0.63	0.64	CSXCX
CWVCX	0.26	0.26	0.63		0.24	CWVCX
CBAIX	0.62	0.89	0.64	0.24		CBAIX
	CSECX	CSIFX	CSXCX	CWVCX	CBAIX

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Balanced 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 Balanced'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
CSECX	0.81	(0.26)	0.00	(0.49)	0.00	0.00	0.99	(1.35)	17.52
CSIFX	0.52	(0.04)	0.00	(0.10)	0.00	0.00	0.80	(1.25)	5.35
CSXCX	0.63	0.00	0.00	0.00	0.94	(0.63)	1.08	(1.46)	4.01
CWVCX	0.56	0.10	0.12	0.21	0.63	(0.61)	1.29	(1.12)	3.34
CBAIX	0.53	(0.01)	0.00	(0.03)	0.00	0.00	0.80	(1.20)	5.24

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