Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Water
CFWCX Fund  USD 26.88  0.04  0.15%   
The current 90-days correlation between Calvert Global Water and Calvert Global Water is -0.21 (i.e., Very good diversification). The correlation of Calvert Global 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 Global Correlation With Market

Poor diversification

The correlation between Calvert Global Water and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Water 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 Global Water. 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 main economic indicators.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.97CDHAX Calvert Developed MarketPairCorr
  0.88CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.89CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.95CEYIX Calvert Equity PortfolioPairCorr
  0.97CEYRX Calvert EquityPairCorr
  0.99CFAIX Calvert ConservativePairCorr
  0.97CWVIX Calvert InternationalPairCorr
  0.95CWVGX Calvert InternationalPairCorr
  0.95CWVCX Calvert InternationalPairCorr
  0.91CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.96CFJAX Calvert Large CapPairCorr
  0.96CFOIX Calvert Floating RatePairCorr
  0.97CFOAX Calvert Floating RatePairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  1.0CFWIX Calvert Global WaterPairCorr
  0.97CGAEX Calvert Global EnergyPairCorr
  0.75CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.98CYBIX Calvert High YieldPairCorr
  0.95CIESX Calvert InternationalPairCorr
  0.91CIFCX Calvert IncomePairCorr
  0.96CIOAX Calvert InternationalPairCorr
  0.99CISIX Calvert Large CapPairCorr
  0.98CLAIX Calvert Moderate AllPairCorr
  0.69CLDIX Calvert Long TermPairCorr
  0.72CLDAX Calvert Long TermPairCorr
  0.96CLVRX Columbia InternationalPairCorr
  0.98CMACX Calvert Moderate AllPairCorr
  0.98CMAAX Calvert Moderate AllPairCorr
  0.94CMERX Calvert Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Global 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 Global'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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