Calvert Flexible Correlations

Mutual Funds . USA . 
Fund . Calvert Flexible Bond
CUBRX Fund  USD 14.78  0.02  0.14%   
The current 90-days correlation between Calvert Flexible Bond and T Rowe Price is 0.17 (i.e., Average diversification). The correlation of Calvert Flexible 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 Flexible Correlation With Market

Modest diversification

The correlation between Calvert Flexible Bond and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Flexible Bond 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 Flexible Bond. 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 metropolitan statistical area.

Moving together with Calvert Mutual Fund

  0.93CDHIX Calvert Developed MarketPairCorr
  0.93CDHAX Calvert Developed MarketPairCorr
  0.97CDICX Calvert Short DurationPairCorr
  0.93CDHRX Calvert InternationalPairCorr
  0.97CDSRX Calvert Short DurationPairCorr
  0.99CDSIX Calvert Short DurationPairCorr
  0.92CVMAX Calvert Emerging MarketsPairCorr
  0.92CVMRX Calvert Emerging MarketsPairCorr
  0.92CVMIX Calvert Emerging MarketsPairCorr
  0.92CVMCX Calvert Emerging MarketsPairCorr
  0.93CEFAX Calvert Emerging MarketsPairCorr
  0.93CEFIX Congressional EffectPairCorr
  0.87CEMCX Calvert Emerging MarketsPairCorr
  0.89CEMAX Calvert Emerging MarketsPairCorr
  0.87CEYIX Calvert Equity PortfolioPairCorr
  0.88CEYRX Calvert EquityPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.87CWVIX Calvert InternationalPairCorr
  0.87CWVGX Calvert InternationalPairCorr
  0.86CWVCX Calvert InternationalPairCorr
  0.96CFICX Calvert IncomePairCorr
  0.94CFJIX Calvert Large CapPairCorr
  0.93CFJAX Calvert Large CapPairCorr
  0.94CFOIX Calvert Floating RatePairCorr
  0.94CFOAX Calvert Floating RatePairCorr
  0.94CFWCX Calvert Global WaterPairCorr
  0.93CFWAX Calvert Global WaterPairCorr
  0.94CFWIX Calvert Global WaterPairCorr
  0.93CGARX Calvert Responsible IndexPairCorr
  0.94CGAEX Calvert Global EnergyPairCorr
  0.89CGAFX Calvert Green BondPairCorr
  0.94CGACX Calvert Global EnergyPairCorr
  0.91CGBIX Calvert Green BondPairCorr
  0.92CGJAX Calvert Large CapPairCorr
  0.93CGJIX Calvert Large CapPairCorr
  0.9CGLIX Calvert Global EquityPairCorr
  0.9CGLAX Calvert Global EquityPairCorr
  0.96CYBAX Calvert High YieldPairCorr
  0.98CYBRX 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 Flexible 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 Flexible'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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