Calvert Emerging Correlations

CEMAX Fund

USD 11.79 0.18 1.50%

The current 90-days correlation between Calvert Emerging Markets and Bts Tactical Fixed is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between Calvert Emerging Markets and DJI is 0.47 (i.e., Very weak 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

0.95	CDHIX	Calvert Developed Market	Pair Corr
0.63	CDHAX	Calvert Developed Market	Pair Corr
0.63	CDHRX	Calvert International	Pair Corr
0.8	CDSRX	Calvert Short Duration	Pair Corr
0.89	CEFAX	Calvert Emerging Markets	Pair Corr
0.88	CEFIX	Congressional Effect	Pair Corr
1.0	CEMCX	Calvert Emerging Markets	Pair Corr
0.67	CEYIX	Calvert Equity Portfolio	Pair Corr
0.7	CWVIX	Calvert International	Pair Corr
0.64	CWVGX	Calvert International	Pair Corr
0.64	CWVCX	Calvert International	Pair Corr
0.87	CFOAX	Calvert Floating Rate	Pair Corr
0.93	CGARX	Calvert Responsible Index	Pair Corr
0.69	CGBIX	Calvert Green Bond	Pair Corr
0.91	CGJAX	Calvert Large Cap	Pair Corr
0.93	CGLIX	Calvert Global Equity	Pair Corr
0.93	CGLAX	Calvert Global Equity	Pair Corr
0.93	CYBRX	Calvert High Yield	Pair Corr
0.93	CHBCX	Calvert High Yield	Pair Corr
0.7	CIESX	Calvert International	Pair Corr

Related Correlations Analysis

	BTFRX	PRVBX	ANBIX	SNCAX	BBINX
BTFRX		0.91	0.85	0.9	0.88	BTFRX
PRVBX	0.91		0.93	0.86	0.82	PRVBX
ANBIX	0.85	0.93		0.86	0.8	ANBIX
SNCAX	0.9	0.86	0.86		0.98	SNCAX
BBINX	0.88	0.82	0.8	0.98		BBINX
	BTFRX	PRVBX	ANBIX	SNCAX	BBINX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTFRX	0.17	0.01	(0.33)	0.19	0.09	(0.21)	0.27	(0.27)	1.19
PRVBX	0.09	0.02	(0.72)	0.83	0.00	(0.10)	0.20	(0.17)	0.63
ANBIX	0.14	0.03	(0.39)	(6.72)	0.00	(0.16)	0.29	(0.29)	0.97
SNCAX	0.09	0.01	(0.68)	0.58	0.00	(0.13)	0.22	(0.15)	0.89
BBINX	0.11	0.01	(0.65)	0.85	0.00	(0.15)	0.30	(0.20)	0.70

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Calvert Emerging Correlations

Calvert Emerging Correlation With Market

Very weak diversification

Moving together with Calvert Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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