Calvert Aggressive Correlations

Mutual Funds . USA . 
Fund . Calvert Aggressive Allocation
CAACX Fund  USD 23.22  0.02  0.09%   
The current 90-days correlation between Calvert Aggressive and Calvert Developed Market is 0.73 (i.e., Poor diversification). The correlation of Calvert Aggressive 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 Aggressive Correlation With Market

Very poor diversification

The correlation between Calvert Aggressive Allocation and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Aggressive Allocation 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 Aggressive Allocation. 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.97CDHAX Calvert Developed MarketPairCorr
  0.86CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.88CDSRX Calvert Short DurationPairCorr
  0.87CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.98CEFAX Calvert Emerging MarketsPairCorr
  0.98CEFIX Congressional EffectPairCorr
  0.92CEMCX Calvert Emerging MarketsPairCorr
  0.93CEMAX Calvert Emerging MarketsPairCorr
  0.96CEYIX Calvert Equity PortfolioPairCorr
  0.98CEYRX Calvert EquityPairCorr
  0.98CFAIX Calvert ConservativePairCorr
  0.96CWVIX Calvert InternationalPairCorr
  0.95CWVGX Calvert InternationalPairCorr
  0.95CWVCX Calvert InternationalPairCorr
  0.9CFICX Calvert IncomePairCorr
  0.99CFJIX Calvert Large CapPairCorr
  0.97CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.98CFOAX Calvert Floating RatePairCorr
  0.99CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.99CFWIX Calvert Global WaterPairCorr
  1.0CGARX Calvert Responsible IndexPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.72CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.72CGBIX Calvert Green BondPairCorr
  0.98CGJAX Calvert Large CapPairCorr
  0.99CGJIX Calvert Large CapPairCorr
  0.99CGLIX Calvert Global EquityPairCorr
  0.99CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.98CYBRX Calvert High YieldPairCorr
  0.98CYBIX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Aggressive 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 Aggressive'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CDHIX  0.53  0.14  0.10  0.44  0.35 
(0.59)
 1.30 
(1.00)
 3.42 
CDHAX  0.53  0.23  0.13 (2.81) 0.28 
(0.60)
 1.29 
(1.01)
 3.38 
CDICX  0.10  0.02 (0.87) 3.73  0.00 
(0.14)
 0.32 
(0.19)
 0.58 
CDHRX  0.53  0.23  0.12 (2.82) 0.28 
(0.60)
 1.30 
(1.00)
 3.40 
CDSRX  0.11  0.02 (0.77)(6.66) 0.00 
(0.17)
 0.32 
(0.19)
 0.77 
CDSIX  0.10  0.02 (0.79) 7.62  0.00 
(0.16)
 0.26 
(0.19)
 0.77 
CVMAX  0.60  0.28  0.20  14.95  0.13 
(0.73)
 1.94 
(1.21)
 4.79 
CVMRX  0.59  0.28  0.20  12.64  0.11 
(0.75)
 1.87 
(1.15)
 4.80 
CVMIX  0.57  0.20  0.17  0.54  0.15 
(0.66)
 1.86 
(1.20)
 4.84 
CVMCX  0.57  0.19  0.17  0.53  0.22 
(0.71)
 1.90 
(1.21)
 4.77 

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