Calvert Aggressive Correlations

Mutual Funds . USA . 
Fund . Calvert Aggressive Allocation
CAGIX Fund  USD 30.63  0.11  0.36%   
The current 90-days correlation between Calvert Aggressive and Fbjygx is -0.04 (i.e., Good 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 0.87 (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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.96CDHIX Calvert Developed MarketPairCorr
  0.96CDHAX Calvert Developed MarketPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.66CDSIX Calvert Short DurationPairCorr
  0.88CVMAX Calvert Emerging MarketsPairCorr
  0.88CVMRX Calvert Emerging MarketsPairCorr
  0.88CVMIX Calvert Emerging MarketsPairCorr
  0.88CVMCX Calvert Emerging MarketsPairCorr
  0.87CEFAX Calvert Emerging MarketsPairCorr
  0.87CEFIX Congressional EffectPairCorr
  0.65CEMCX Calvert Emerging MarketsPairCorr
  0.65CEMAX Calvert Emerging MarketsPairCorr
  0.96CFAIX Calvert ConservativePairCorr
  0.72CWVIX Calvert InternationalPairCorr
  0.92CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.78CFICX Calvert IncomePairCorr
  0.86CFJIX Calvert Large CapPairCorr
  0.85CFJAX Calvert Large CapPairCorr
  0.63CFWCX Calvert Global WaterPairCorr
  0.66CFWAX Calvert Global WaterPairCorr
  0.66CFWIX Calvert Global WaterPairCorr
  1.0CGARX Calvert Responsible IndexPairCorr
  0.66CGAEX Calvert Global EnergyPairCorr
  0.7CGAFX Calvert Green BondPairCorr
  0.92CGACX Calvert Global EnergyPairCorr
  0.96CGJAX Calvert Large CapPairCorr
  0.96CGJIX Calvert Large CapPairCorr
  0.95CGLIX Calvert Global EquityPairCorr
  0.95CGLAX Calvert Global EquityPairCorr
  0.78CYBRX Calvert High YieldPairCorr
  0.77CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


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.

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