Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Energy
CAEIX Fund  USD 12.36  0.19  1.51%   
The current 90-days correlation between Calvert Global Energy and Aqr Large Cap is 0.04 (i.e., Significant diversification). The correlation of Calvert Global 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 Global Correlation With Market

Very poor diversification

The correlation between Calvert Global Energy and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Energy 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 Global Energy. 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.7CDHAX Calvert Developed MarketPairCorr
  0.75CDICX Calvert Short DurationPairCorr
  0.7CDHRX Calvert InternationalPairCorr
  0.97CVMAX Calvert Emerging MarketsPairCorr
  0.81CVMRX Calvert Emerging MarketsPairCorr
  0.73CVMIX Calvert Emerging MarketsPairCorr
  0.97CVMCX Calvert Emerging MarketsPairCorr
  0.98CEFAX Calvert Emerging MarketsPairCorr
  0.65CEFIX Congressional EffectPairCorr
  0.67CEMCX Calvert Emerging MarketsPairCorr
  0.67CEMAX Calvert Emerging MarketsPairCorr
  0.68CEYIX Calvert Equity PortfolioPairCorr
  0.68CEYRX Calvert EquityPairCorr
  0.76CFAIX Calvert ConservativePairCorr
  0.72CWVIX Calvert InternationalPairCorr
  0.72CWVGX Calvert InternationalPairCorr
  0.81CWVCX Calvert InternationalPairCorr
  0.93CFJIX Calvert Large CapPairCorr
  0.64CFOIX Calvert Floating RatePairCorr
  0.65CFOAX Calvert Floating RatePairCorr
  0.65CFWCX Calvert Global WaterPairCorr
  0.65CFWAX Calvert Global WaterPairCorr
  0.8CFWIX Calvert Global WaterPairCorr
  0.7CGARX Calvert Responsible IndexPairCorr
  0.64CGAEX Calvert Global EnergyPairCorr
  0.68CGACX Calvert Global EnergyPairCorr
  0.67CGJAX Calvert Large CapPairCorr
  0.67CGJIX Calvert Large CapPairCorr
  0.97CGLIX Calvert Global EquityPairCorr
  0.97CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  0.7CYBIX 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 Global 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 Global'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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