Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Equity
CGLAX Fund   18.12  0.11  0.60%   
The current 90-days correlation between Calvert Global Equity and Versatile Bond Portfolio is 0.02 (i.e., Significant 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

Almost no diversification

The correlation between Calvert Global Equity and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Equity 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 Equity. 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 nation.

Moving together with Calvert Mutual Fund

  0.98CDHIX Calvert Developed MarketPairCorr
  0.98CDHAX Calvert Developed MarketPairCorr
  0.81CDICX Calvert Short DurationPairCorr
  0.98CDHRX Calvert InternationalPairCorr
  0.83CDSRX Calvert Short DurationPairCorr
  0.84CDSIX Calvert Short DurationPairCorr
  0.66CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.98CEFIX Congressional EffectPairCorr
  0.95CEMCX Calvert Emerging MarketsPairCorr
  0.95CEMAX Calvert Emerging MarketsPairCorr
  0.99CEYIX Calvert Equity PortfolioPairCorr
  0.99CEYRX Calvert EquityPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.97CWVIX Calvert InternationalPairCorr
  0.97CWVGX Calvert InternationalPairCorr
  0.97CWVCX Calvert InternationalPairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.98CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.98CFWIX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.99CGAEX Calvert Global EnergyPairCorr
  0.65CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.67CGBIX Calvert Green BondPairCorr
  0.62CGJAX Calvert Large CapPairCorr
  0.99CGJIX Calvert Large CapPairCorr
  1.0CGLIX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.62CYBRX Calvert High YieldPairCorr
  0.97CYBIX 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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