Calvert Global Correlations

Mutual Funds USA . 
Fund . Calvert Global Energy
CGACX Fund  USD 11.47  0.13  1.15%   
The current 90-days correlation between Calvert Global Energy and Nasdaq 100 Index Fund is 0.87 (i.e., Very poor 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 good diversification

The correlation between Calvert Global Energy and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Energy 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 Energy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Calvert Mutual Fund

  1.0FSWFX American Funds SmallcapPairCorr
  1.0SMCWX Smallcap WorldPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.98INPIX Internet UltrasectorPairCorr
  0.98INPSX Internet UltrasectorPairCorr
  0.78BIPIX Biotechnology UltrasectorPairCorr
  0.95RRSVX Rbc Small CapPairCorr
  0.78AISTX Limited DurationPairCorr
  0.99HERSX Hartford Emerging MarketsPairCorr
  0.69INTC IntelPairCorr
  0.79IBM International BusinessPairCorr
  0.89MMM 3M CompanyPairCorr
  0.8DIS Walt DisneyPairCorr
  0.83CSCO Cisco SystemsPairCorr
  0.68TRV The Travelers CompaniesPairCorr
  0.85CAT CaterpillarPairCorr
  0.78T ATT IncPairCorr
  0.88AA Alcoa CorpPairCorr
  0.63HD Home DepotPairCorr
  0.91DD Dupont De NemoursPairCorr
  0.84BAC Bank of AmericaPairCorr
  0.72BA BoeingPairCorr
  0.78JPM JPMorgan ChasePairCorr
  0.87PFE Pfizer IncPairCorr
  0.77GE GE AerospacePairCorr

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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