Calvert Bond Correlations

Mutual Funds . USA . 
Fund . Calvert Bond Portfolio
CBDIX Fund  USD 14.52  0.03  0.21%   
The current 90-days correlation between Calvert Bond Portfolio and Barings Global Floating is 0.3 (i.e., Weak diversification). The correlation of Calvert Bond 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 Bond Correlation With Market

Modest diversification

The correlation between Calvert Bond Portfolio and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Bond Portfolio 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 Bond Portfolio. 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

  0.76CDHIX Calvert Developed MarketPairCorr
  0.76CDHAX Calvert Developed MarketPairCorr
  0.96CDICX Calvert Short DurationPairCorr
  0.76CDHRX Calvert InternationalPairCorr
  0.94CDSRX Calvert Short DurationPairCorr
  0.95CDSIX Calvert Short DurationPairCorr
  0.73CVMAX Calvert Emerging MarketsPairCorr
  0.73CVMRX Calvert Emerging MarketsPairCorr
  0.73CVMIX Calvert Emerging MarketsPairCorr
  0.73CVMCX Calvert Emerging MarketsPairCorr
  0.75CEFAX Calvert Emerging MarketsPairCorr
  0.75CEFIX Congressional EffectPairCorr
  0.72CEMCX Calvert Emerging MarketsPairCorr
  0.72CEMAX Calvert Emerging MarketsPairCorr
  0.68CEYIX Calvert Equity PortfolioPairCorr
  0.68CEYRX Calvert EquityPairCorr
  0.85CFAIX Calvert ConservativePairCorr
  0.67CWVIX Calvert InternationalPairCorr
  0.67CWVGX Calvert InternationalPairCorr
  0.66CWVCX Calvert InternationalPairCorr
  0.96CFICX Calvert IncomePairCorr
  0.78CFJIX Calvert Large CapPairCorr
  0.78CFJAX Calvert Large CapPairCorr
  0.77CFOIX Calvert Floating RatePairCorr
  0.75CFOAX Calvert Floating RatePairCorr
  0.78CFWCX Calvert Global WaterPairCorr
  0.78CFWAX Calvert Global WaterPairCorr
  0.78CFWIX Calvert Global WaterPairCorr
  0.75CGARX Calvert Responsible IndexPairCorr
  0.76CGAEX Calvert Global EnergyPairCorr
  0.99CGAFX Calvert Green BondPairCorr
  0.76CGACX Calvert Global EnergyPairCorr
  1.0CGBIX Calvert Green BondPairCorr
  0.74CGJAX Calvert Large CapPairCorr
  0.74CGJIX Calvert Large CapPairCorr
  0.7CGLIX Calvert Global EquityPairCorr
  0.7CGLAX Calvert Global EquityPairCorr
  0.84CYBAX Calvert High YieldPairCorr
  0.84CYBRX Calvert High YieldPairCorr
  0.84CYBIX 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 Bond 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 Bond'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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