Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Equity
CGLAX Fund   18.65  0.19  1.01%   
The current 90-days correlation between Calvert Global Equity and Fidelity Managed Retirement is 0.01 (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

Significant diversification

The correlation between Calvert Global Equity and DJI is 0.08 (i.e., Significant 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

  0.86CDHIX Calvert Developed MarketPairCorr
  0.91CDHAX Calvert Developed MarketPairCorr
  0.78CDICX Calvert Short DurationPairCorr
  0.86CDHRX Calvert InternationalPairCorr
  0.77CDSRX Calvert Short DurationPairCorr
  0.77CDSIX Calvert Short DurationPairCorr
  0.93CVMAX Calvert Emerging MarketsPairCorr
  0.84CVMRX Calvert Emerging MarketsPairCorr
  0.9CVMIX Calvert Emerging MarketsPairCorr
  0.84CVMCX Calvert Emerging MarketsPairCorr
  0.83CEFAX Calvert Emerging MarketsPairCorr
  0.85CEFIX Congressional EffectPairCorr
  0.8CEMCX Calvert Emerging MarketsPairCorr
  0.66CEMAX Calvert Emerging MarketsPairCorr
  0.79CFAIX Calvert ConservativePairCorr
  0.82CWVIX Calvert InternationalPairCorr
  0.88CWVGX Calvert InternationalPairCorr
  0.87CWVCX Calvert InternationalPairCorr
  0.67CFICX Calvert IncomePairCorr
  0.68CFJAX Calvert Large CapPairCorr
  0.65CFOIX Calvert Floating RatePairCorr
  0.67CFOAX Calvert Floating RatePairCorr
  0.82CGARX Calvert Responsible IndexPairCorr
  0.84CGAEX Calvert Global EnergyPairCorr
  0.77CGAFX Calvert Green BondPairCorr
  0.83CGACX Calvert Global EnergyPairCorr
  0.79CGBIX Calvert Green BondPairCorr
  0.85CGJAX Calvert Large CapPairCorr
  0.86CGJIX Calvert Large CapPairCorr
  0.95CGLIX Calvert Global EquityPairCorr
  0.66CYBAX Calvert High YieldPairCorr
  0.7CYBRX Calvert High YieldPairCorr
  0.69CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


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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