Calvert Conservative Correlations

Mutual Funds . USA . 
Fund . Calvert Conservative Allocation
CAARX Fund  USD 18.95  0.03  0.16%   
The current 90-days correlation between Calvert Conservative and Calvert Developed Market is -0.03 (i.e., Good diversification). The correlation of Calvert Conservative 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 Conservative Correlation With Market

Significant diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Conservative Allocatio 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 Conservative 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 real.

Moving together with Calvert Mutual Fund

  0.83CDHIX Calvert Developed MarketPairCorr
  0.77CDHAX Calvert Developed MarketPairCorr
  0.92CDICX Calvert Short DurationPairCorr
  0.83CDHRX Calvert InternationalPairCorr
  0.72CDSRX Calvert Short DurationPairCorr
  0.72CDSIX Calvert Short DurationPairCorr
  0.78CVMAX Calvert Emerging MarketsPairCorr
  0.84CVMRX Calvert Emerging MarketsPairCorr
  0.79CVMIX Calvert Emerging MarketsPairCorr
  0.84CVMCX Calvert Emerging MarketsPairCorr
  0.92CEFAX Calvert Emerging MarketsPairCorr
  0.92CEFIX Congressional EffectPairCorr
  0.86CEMCX Calvert Emerging MarketsPairCorr
  0.86CEMAX Calvert Emerging MarketsPairCorr
  0.84CFAIX Calvert ConservativePairCorr
  0.78CWVIX Calvert InternationalPairCorr
  0.75CWVGX Calvert InternationalPairCorr
  0.86CWVCX Calvert InternationalPairCorr
  0.95CFICX Calvert IncomePairCorr
  0.88CFJIX Calvert Large CapPairCorr
  0.88CFJAX Calvert Large CapPairCorr
  0.65CFOAX Calvert Floating RatePairCorr
  0.61CFWAX Calvert Global WaterPairCorr
  0.62CFWIX Calvert Global WaterPairCorr
  0.97CGARX Calvert Responsible IndexPairCorr
  0.94CGAEX Calvert Global EnergyPairCorr
  0.94CGAFX Calvert Green BondPairCorr
  0.94CGACX Calvert Global EnergyPairCorr
  0.94CGBIX Calvert Green BondPairCorr
  0.78CGJAX Calvert Large CapPairCorr
  0.85CGJIX Calvert Large CapPairCorr
  0.92CGLIX Calvert Global EquityPairCorr
  0.92CGLAX Calvert Global EquityPairCorr
  0.7CYBAX Calvert High YieldPairCorr
  0.88CYBRX Calvert High YieldPairCorr
  0.88CYBIX Calvert High YieldPairCorr
  0.82CHBCX Calvert High YieldPairCorr
  0.83CIESX Calvert InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Conservative 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 Conservative'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  0.59  0.03  0.03  0.09  0.74 
(0.58)
 0.99 
(1.26)
 3.80 
CDHAX  0.60  0.03  0.02  0.09  0.78 
(0.58)
 1.00 
(1.28)
 3.83 
CDICX  0.08  0.00 (0.45) 1.34  0.00 
(0.12)
 0.26 
(0.13)
 0.51 
CDHRX  0.63  0.01  0.00  0.06  0.82 
(0.59)
 0.99 
(1.32)
 3.78 
CDSRX  0.08  0.01 (0.40) 0.47  0.00 
(0.14)
 0.25 
(0.13)
 0.63 
CDSIX  0.09  0.01 (0.37) 0.66  0.00 
(0.13)
 0.25 
(0.13)
 0.69 
CVMAX  0.70  0.13  0.12  0.22  0.80 
(0.76)
 1.34 
(0.91)
 4.94 
CVMRX  0.70  0.16  0.11 (3.34) 0.79 
(0.76)
 1.32 
(0.90)
 4.96 
CVMIX  0.69  0.15  0.10 (4.12) 0.77 
(0.75)
 1.28 
(0.86)
 4.89 
CVMCX  0.70  0.16  0.11 (3.68) 0.79 
(0.78)
 1.30 
(0.90)
 4.90 

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