Calvert Emerging Correlations

CVMCX Fund

USD 16.69 0.09 0.54%

The current 90-days correlation between Calvert Emerging Markets and Fidelity Capital Income is -0.01 (i.e., Good diversification). The correlation of Calvert Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Calvert Emerging Markets and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Emerging Markets. 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

0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.94	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.93	FWWNX	American Funds New	Pair Corr
0.93	FNFWX	American Funds New	Pair Corr
0.96	NEWFX	New World Fund	Pair Corr
0.96	NWFFX	New World Fund	Pair Corr
0.95	NEWCX	New World Fund	Pair Corr
0.95	ODVYX	Oppenheimer Developing	Pair Corr
0.7	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.63	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.84	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Calvert Mutual Fund

0.42	FMFFX	Fs Managed Futures	Pair Corr
0.32	FSMMX	Fs Multi Strategy	Pair Corr
0.4	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FAGIX	MRHYX	RHYKX	CYBAX	PHYSX	SGYAX	PHSIX
FAGIX		0.93	0.65	0.42	0.85	0.55	0.69	FAGIX
MRHYX	0.93		0.6	0.49	0.82	0.46	0.71	MRHYX
RHYKX	0.65	0.6		0.86	0.81	0.93	0.74	RHYKX
CYBAX	0.42	0.49	0.86		0.62	0.76	0.67	CYBAX
PHYSX	0.85	0.82	0.81	0.62		0.74	0.88	PHYSX
SGYAX	0.55	0.46	0.93	0.76	0.74		0.7	SGYAX
PHSIX	0.69	0.71	0.74	0.67	0.88	0.7		PHSIX
	FAGIX	MRHYX	RHYKX	CYBAX	PHYSX	SGYAX	PHSIX

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Emerging 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 Emerging'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
FAGIX	0.19	0.03	(0.19)	0.26	(0.26)	0.40	(0.29)	1.17
MRHYX	0.09	0.01	(0.65)	0.33	(0.14)	0.23	(0.12)	0.47
RHYKX	0.15	0.05	(0.35)	(2.70)	(0.29)	0.37	(0.19)	1.30
CYBAX	0.10	0.01	(0.87)	(2.35)	(0.13)	0.24	(0.16)	0.73
PHYSX	0.11	0.02	(0.45)	3.17	(0.16)	0.22	(0.22)	1.11
SGYAX	0.14	0.02	(0.51)	0.40	(0.26)	0.28	(0.14)	1.28
PHSIX	0.12	0.02	(0.60)	0.73	(0.19)	0.33	(0.22)	0.99

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