Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Water
CFWIX Fund  USD 29.96  0.16  0.53%   
The current 90-days correlation between Calvert Global Water and Calvert Global Water is -0.07 (i.e., 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

Very poor diversification

The correlation between Calvert Global Water and DJI is 0.86 (i.e., Very 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.97CDHAX Calvert Developed MarketPairCorr
  0.75CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.78CDSRX Calvert Short DurationPairCorr
  0.82CDSIX Calvert Short DurationPairCorr
  0.96CVMAX Calvert Emerging MarketsPairCorr
  0.96CVMRX Calvert Emerging MarketsPairCorr
  0.99CVMIX Calvert Emerging MarketsPairCorr
  0.99CVMCX Calvert Emerging MarketsPairCorr
  0.97CEFAX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.97CEMCX Calvert Emerging MarketsPairCorr
  0.97CEMAX Calvert Emerging MarketsPairCorr
  0.98CEYIX Calvert Equity PortfolioPairCorr
  0.98CEYRX Calvert EquityPairCorr
  0.98CFAIX Calvert ConservativePairCorr
  0.99CWVIX Calvert InternationalPairCorr
  0.98CWVGX Calvert InternationalPairCorr
  0.98CWVCX Calvert InternationalPairCorr
  0.79CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.95CFJAX Calvert Large CapPairCorr
  0.95CFOIX Calvert Floating RatePairCorr
  0.92CFOAX Calvert Floating RatePairCorr
  0.97CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.96CGAEX Calvert Global EnergyPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.65CGBIX Calvert Green BondPairCorr
  0.95CGJAX Calvert Large CapPairCorr
  0.97CGJIX Calvert Large CapPairCorr
  0.98CGLIX Calvert Global EquityPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.96CYBAX Calvert High YieldPairCorr
  0.96CYBRX Calvert High YieldPairCorr
  0.98CYBIX 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 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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