Calvert Smallmid Correlations

CMPAX Fund

24.56 0.04 0.16%

The current 90-days correlation between Calvert Smallmid Cap and Putnam Convertible Securities is 0.54 (i.e., Very weak diversification). The correlation of Calvert Smallmid 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 Smallmid Correlation With Market

Poor diversification

The correlation between Calvert Smallmid Cap A and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Smallmid Cap A 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 Smallmid Cap A. 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

0.64

CEYRX

Calvert Equity

Pair Corr

Moving against Calvert Mutual Fund

0.64	CDSIX	Calvert Short Duration	Pair Corr
0.63	CEFAX	Calvert Emerging Markets	Pair Corr
0.62	CVMAX	Calvert Emerging Markets	Pair Corr
0.62	CVMRX	Calvert Emerging Markets	Pair Corr
0.62	CVMIX	Calvert Emerging Markets	Pair Corr
0.61	CVMCX	Calvert Emerging Markets	Pair Corr
0.57	CDICX	Calvert Short Duration	Pair Corr
0.57	CDSRX	Calvert Short Duration	Pair Corr
0.55	CEMAX	Calvert Emerging Markets Potential Growth	Pair Corr
0.49	CEFIX	Congressional Effect	Pair Corr
0.46	CEMCX	Calvert Emerging Markets	Pair Corr
0.34	CFICX	Calvert Income	Pair Corr
0.63	CFOIX	Calvert Floating Rate	Pair Corr
0.58	CFOAX	Calvert Floating Rate	Pair Corr
0.48	CGAEX	Calvert Global Energy	Pair Corr
0.46	CGACX	Calvert Global Energy	Pair Corr
0.43	CGLAX	Calvert Global Equity	Pair Corr
0.41	CINCX	Calvert Income	Pair Corr
0.4	CGJIX	Calvert Large Cap	Pair Corr
0.39	CGJAX	Calvert Large Cap	Pair Corr
0.36	CGLIX	Calvert Global Equity	Pair Corr
0.35	CIFCX	Calvert Income	Pair Corr
0.34	CGBIX	Calvert Green Bond	Pair Corr
0.31	CGAFX	Calvert Green Bond	Pair Corr

Related Correlations Analysis

	PCNTX	NCV	NCIDX	CCD	XNCVX	VAADX
PCNTX		0.72	0.86	0.85	0.91	0.71	PCNTX
NCV	0.72		0.89	0.92	0.89	0.92	NCV
NCIDX	0.86	0.89		0.9	0.97	0.96	NCIDX
CCD	0.85	0.92	0.9		0.91	0.84	CCD
XNCVX	0.91	0.89	0.97	0.91		0.92	XNCVX
VAADX	0.71	0.92	0.96	0.84	0.92		VAADX
	PCNTX	NCV	NCIDX	CCD	XNCVX	VAADX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCNTX	0.65	(0.01)	(0.02)	0.05	0.92	(0.62)	1.20	(1.51)	4.49
NCV	0.66	0.04	0.03	0.13	0.81	(0.63)	1.16	(1.46)	3.39
NCIDX	0.71	0.05	0.04	0.13	0.93	(0.69)	1.32	(1.79)	4.80
CCD	0.84	0.03	0.02	0.10	1.09	(0.85)	1.75	(2.09)	4.71
XNCVX	0.70	0.03	0.02	0.10	0.96	(0.74)	1.20	(1.74)	5.47
VAADX	0.68	0.07	0.06	0.15	0.87	(0.71)	1.20	(1.71)	4.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC