Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CEFAX Fund  USD 13.95  0.09  0.65%   
The current 90-days correlation between Calvert Emerging Markets and Calvert Developed Market is -0.1 (i.e., Good diversification). The correlation of Calvert Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Calvert Emerging Markets and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Emerging Markets. 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 nation.

Moving together with Calvert Mutual Fund

  0.96CDHIX Calvert Developed MarketPairCorr
  0.97CDHAX Calvert Developed MarketPairCorr
  0.88CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.89CDSRX Calvert Short DurationPairCorr
  0.89CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.99CVMRX Calvert Emerging MarketsPairCorr
  0.97CVMIX Calvert Emerging MarketsPairCorr
  0.97CVMCX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.88CEMCX Calvert Emerging MarketsPairCorr
  0.91CEMAX Calvert Emerging MarketsPairCorr
  0.94CEYIX Calvert Equity PortfolioPairCorr
  0.92CEYRX Calvert EquityPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.92CWVIX Calvert InternationalPairCorr
  0.94CWVGX Calvert InternationalPairCorr
  0.93CWVCX Calvert InternationalPairCorr
  0.9CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.98CFOIX Calvert Floating RatePairCorr
  0.98CFOAX Calvert Floating RatePairCorr
  0.97CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.97CFWIX Calvert Global WaterPairCorr
  0.98CGARX Calvert Responsible IndexPairCorr
  0.99CGAEX Calvert Global EnergyPairCorr
  0.73CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.73CGBIX Calvert Green BondPairCorr
  0.98CGJAX Calvert Large CapPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.96CGLIX Calvert Global EquityPairCorr
  0.96CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  0.97CYBIX 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 Emerging 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 Emerging'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  0.53  0.14  0.10  0.44  0.35 
(0.59)
 1.30 
(1.00)
 3.42 
CDHAX  0.53  0.23  0.13 (2.81) 0.28 
(0.60)
 1.29 
(1.01)
 3.38 
CDICX  0.10  0.02 (0.87) 3.73  0.00 
(0.14)
 0.32 
(0.19)
 0.58 
CDHRX  0.53  0.23  0.12 (2.82) 0.28 
(0.60)
 1.30 
(1.00)
 3.40 
CDSRX  0.11  0.02 (0.77)(6.66) 0.00 
(0.17)
 0.32 
(0.19)
 0.77 
CDSIX  0.10  0.02 (0.79) 7.62  0.00 
(0.16)
 0.26 
(0.19)
 0.77 
CVMAX  0.60  0.28  0.20  14.95  0.13 
(0.73)
 1.94 
(1.21)
 4.79 
CVMRX  0.59  0.28  0.20  12.64  0.11 
(0.75)
 1.87 
(1.15)
 4.80 
CVMIX  0.57  0.20  0.17  0.54  0.15 
(0.66)
 1.86 
(1.20)
 4.84 
CVMCX  0.57  0.19  0.17  0.53  0.22 
(0.71)
 1.90 
(1.21)
 4.77 

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