Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Energy
CAEIX Fund  USD 11.38  0.21  1.88%   
The current 90-days correlation between Calvert Global Energy and Gamco Global Gold is 0.11 (i.e., Average 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 0.84 (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

  0.89CDHIX Calvert Developed MarketPairCorr
  0.89CDHAX Calvert Developed MarketPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.96CVMRX Calvert Emerging MarketsPairCorr
  0.96CVMIX Calvert Emerging MarketsPairCorr
  0.73CEYIX Calvert Equity PortfolioPairCorr
  0.73CEYRX Calvert EquityPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.87CYBAX Calvert High YieldPairCorr
  0.93CIESX Calvert InternationalPairCorr
  0.61CISIX Calvert Large CapPairCorr
  0.66CMACX Calvert Moderate AllPairCorr
  0.77CMAAX Calvert Moderate AllPairCorr
  0.88COIIX Calvert InternationalPairCorr
  0.88COIRX Calvert InternationalPairCorr
  0.76CAACX Calvert AggressivePairCorr
  0.76CAAAX Calvert AggressivePairCorr
  0.68CAARX Calvert ConservativePairCorr
  0.72CSECX Calvert Equity PortfolioPairCorr
  0.64CSGCX Calvert Balanced PorPairCorr
  0.73CSIEX Calvert Equity PortfolioPairCorr
  0.64CSIFX Calvert Balanced PorPairCorr

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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