Calvert Floating-rate Correlations

Mutual Funds . USA . 
Fund . Calvert Floating Rate Advantage
CFOIX Fund  USD 8.78  0.01  0.11%   
The current 90-days correlation between Calvert Floating Rate and T Rowe Price is 0.39 (i.e., Weak diversification). The correlation of Calvert Floating-rate 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 Floating-rate Correlation With Market

Significant diversification

The correlation between Calvert Floating Rate Advantag and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Floating Rate Advantag 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 Floating Rate Advantage. 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
  0.97CDHAX Calvert Developed MarketPairCorr
  0.9CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.9CDSIX Calvert Short DurationPairCorr
  0.96CVMAX Calvert Emerging MarketsPairCorr
  0.96CVMRX Calvert Emerging MarketsPairCorr
  0.95CVMIX Calvert Emerging MarketsPairCorr
  0.94CEYIX Calvert Equity PortfolioPairCorr
  0.93CEYRX Calvert EquityPairCorr
  0.96CFAIX Calvert ConservativePairCorr
  0.92CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.92CWVCX Calvert InternationalPairCorr
  0.92CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.97CFJAX Calvert Large CapPairCorr
  0.99CFOAX Calvert Floating RatePairCorr
  0.96CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.96CFWIX Calvert Global WaterPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.75CGAFX Calvert Green BondPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.97CGJIX Calvert Large CapPairCorr
  0.98CYBAX Calvert High YieldPairCorr
  0.93CIESX Calvert InternationalPairCorr
  0.9CIFCX Calvert IncomePairCorr
  0.95CIOAX Calvert InternationalPairCorr
  0.97CISIX Calvert Large CapPairCorr
  0.98CLAIX Calvert Moderate AllPairCorr
  0.66CLDIX Calvert Long TermPairCorr
  0.72CLDAX Calvert Long TermPairCorr
  0.97CLVRX Columbia InternationalPairCorr
  0.98CMACX Calvert Moderate AllPairCorr
  0.98CMAAX Calvert Moderate AllPairCorr
  0.86CMERX Calvert Emerging MarketsPairCorr
  0.95CMJIX Calvert Mid CapPairCorr
  0.96CMJAX Calvert Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Floating-rate 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 Floating-rate'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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