Calvert Conservative Correlations

Mutual Funds . USA . 
Fund . Calvert Conservative Allocation
CFAIX Fund  USD 18.41  0.01  0.05%   
The current 90-days correlation between Calvert Conservative and Calvert Aggressive Allocation is -0.11 (i.e., Good diversification). The correlation of Calvert Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Conservative Allocatio 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 Conservative 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

  0.97CDHIX Calvert Developed MarketPairCorr
  0.7CDHAX Calvert Developed MarketPairCorr
  0.7CDHRX Calvert InternationalPairCorr
  0.93CDSRX Calvert Short DurationPairCorr
  0.96CVMAX Calvert Emerging MarketsPairCorr
  0.96CVMRX Calvert Emerging MarketsPairCorr
  0.63CVMIX Calvert Emerging MarketsPairCorr
  0.97CVMCX Calvert Emerging MarketsPairCorr
  0.97CEFAX Calvert Emerging MarketsPairCorr
  0.97CEFIX Congressional EffectPairCorr
  0.92CEMCX Calvert Emerging MarketsPairCorr
  0.93CEMAX Calvert Emerging MarketsPairCorr
  0.71CEYIX Calvert Equity PortfolioPairCorr
  0.94CEYRX Calvert EquityPairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.92CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.66CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.96CFJAX Calvert Large CapPairCorr
  0.96CFOIX Calvert Floating RatePairCorr
  0.96CFOAX Calvert Floating RatePairCorr
  0.69CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.99CFWIX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.62CGAEX Calvert Global EnergyPairCorr
  0.81CGAFX Calvert Green BondPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.83CGBIX Calvert Green BondPairCorr
  0.96CGJAX Calvert Large CapPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.96CGLIX Calvert Global EquityPairCorr
  0.96CGLAX Calvert Global EquityPairCorr
  0.69CYBAX Calvert High YieldPairCorr
  0.99CYBRX Calvert High YieldPairCorr
  0.99CYBIX 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 Conservative 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 Conservative'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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