Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CVMCX Fund  USD 25.50  0.14  0.55%   
The current 90-days correlation between Calvert Emerging Markets and Oklahoma Municipal Fund is -0.17 (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

Very poor diversification

The correlation between Calvert Emerging Markets and DJI is 0.81 (i.e., Very poor 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 unemployment.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.99CDHAX Calvert Developed MarketPairCorr
  0.93CDICX Calvert Short DurationPairCorr
  0.99CDHRX Calvert InternationalPairCorr
  0.94CDSRX Calvert Short DurationPairCorr
  0.94CDSIX Calvert Short DurationPairCorr
  1.0CVMAX Calvert Emerging MarketsPairCorr
  1.0CVMRX Calvert Emerging MarketsPairCorr
  1.0CVMIX Calvert Emerging MarketsPairCorr
  0.99CEFAX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.95CEMCX Calvert Emerging MarketsPairCorr
  0.96CEMAX Calvert Emerging MarketsPairCorr
  0.95CFAIX Calvert ConservativePairCorr
  0.84CWVIX Calvert InternationalPairCorr
  0.83CWVGX Calvert InternationalPairCorr
  0.82CWVCX Calvert InternationalPairCorr
  0.93CFICX Calvert IncomePairCorr
  0.94CFJIX Calvert Large CapPairCorr
  0.94CFJAX Calvert Large CapPairCorr
  0.97CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.97CFWIX Calvert Global WaterPairCorr
  0.91CGARX Calvert Responsible IndexPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.9CGAFX Calvert Green BondPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.9CGBIX Calvert Green BondPairCorr
  0.82CGLIX Calvert Global EquityPairCorr
  0.82CGLAX Calvert Global EquityPairCorr
  0.81CYBAX Calvert High YieldPairCorr
  0.82CYBRX Calvert High YieldPairCorr
  0.82CYBIX Calvert High YieldPairCorr

Moving against Calvert Mutual Fund

  0.59CEYIX Calvert Equity PortfolioPairCorr
  0.34CFOAX Calvert Floating RatePairCorr
  0.33CFOIX Calvert Floating RatePairCorr

Related Correlations Analysis


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.

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