Calvert International Correlations

Mutual Funds . USA . 
Fund . Calvert International Equity
CWVIX Fund  USD 25.46  0.30  1.19%   
The current 90-days correlation between Calvert International and Calvert Equity Portfolio is 0.43 (i.e., Very weak diversification). The correlation of Calvert International 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 International Correlation With Market

Modest diversification

The correlation between Calvert International Equity and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert International Equity 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 International Equity. 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

  0.9CDHIX Calvert Developed MarketPairCorr
  0.9CDHAX Calvert Developed MarketPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.68CVMAX Calvert Emerging MarketsPairCorr
  0.68CVMRX Calvert Emerging MarketsPairCorr
  0.68CVMIX Calvert Emerging MarketsPairCorr
  0.67CVMCX Calvert Emerging MarketsPairCorr
  1.0CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.65CGAEX Calvert Global EnergyPairCorr
  0.66CGAFX Calvert Green BondPairCorr
  0.65CGACX Calvert Global EnergyPairCorr
  0.65CGBIX Calvert Green BondPairCorr
  0.92CIESX Calvert InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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