Calvert Small Correlations

Mutual Funds . USA . 
Fund . Calvert Small Cap
CSVIX Fund  USD 40.09  0.61  1.55%   
The current 90-days correlation between Calvert Small Cap and Calvert Equity Portfolio is 0.7 (i.e., Poor diversification). The correlation of Calvert Small 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 Small Correlation With Market

Significant diversification

The correlation between Calvert Small Cap and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Small Cap 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 Small Cap. 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

  0.9CFJIX Calvert Large CapPairCorr
  0.9CFJAX Calvert Large CapPairCorr
  0.75CFOIX Calvert Floating RatePairCorr
  0.74CFOAX Calvert Floating RatePairCorr
  0.75CGARX Calvert Responsible IndexPairCorr
  0.86CGJAX Calvert Large CapPairCorr
  0.86CGJIX Calvert Large CapPairCorr
  0.62CYBAX Calvert High YieldPairCorr

Moving against CALVERT Mutual Fund

  0.66CWVIX Calvert InternationalPairCorr
  0.66CWVCX Calvert InternationalPairCorr
  0.62CWVGX Calvert InternationalPairCorr
  0.56CFICX Calvert IncomePairCorr
  0.53CEMCX Calvert Emerging MarketsPairCorr
  0.52CDHIX Calvert Developed MarketPairCorr
  0.52CDHAX Calvert Developed MarketPairCorr
  0.52CDHRX Calvert InternationalPairCorr
  0.52CEMAX Calvert Emerging MarketsPairCorr
  0.31CEFAX Calvert Emerging MarketsPairCorr
  0.65CGAFX Calvert Green BondPairCorr
  0.65CGBIX Calvert Green BondPairCorr
  0.35CGACX Calvert Global EnergyPairCorr
  0.33CGAEX Calvert Global EnergyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CISIX
+ 0.4
CEYIX
CISIX
+ 0.39
CVMIX
CVMIX
+ 0.3
CEYIX
CDSIX
+ 0.28
CEYIX
CWVIX
+ 0.28
CDSIX
CDSIX
+ 0.24
CVMIX
  
High negative correlations   
CWVIX
- 0.58
CISIX
CDSIX
- 0.03
CISIX

Risk-Adjusted Indicators

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