Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CVMCX Fund  USD 21.37  0.02  0.09%   
The current 90-days correlation between Calvert Emerging Markets and Voya Target Retirement is 0.76 (i.e., Poor diversification). The correlation of Calvert Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Calvert Emerging Markets and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Emerging Markets. 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 private.

Moving together with Calvert Mutual Fund

  0.85CDHIX Calvert Developed MarketPairCorr
  0.93CDHAX Calvert Developed MarketPairCorr
  0.68CDICX Calvert Short DurationPairCorr
  0.92CDHRX Calvert InternationalPairCorr
  0.75CDSRX Calvert Short DurationPairCorr
  0.79CDSIX Calvert Short DurationPairCorr
  0.97CVMAX Calvert Emerging MarketsPairCorr
  0.93CVMRX Calvert Emerging MarketsPairCorr
  0.97CVMIX Calvert Emerging MarketsPairCorr
  0.99CEFAX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.69CEMCX Calvert Emerging MarketsPairCorr
  0.8CFAIX Calvert ConservativePairCorr
  0.85CWVIX Calvert InternationalPairCorr
  0.86CWVGX Calvert InternationalPairCorr
  0.81CWVCX Calvert InternationalPairCorr
  0.85CFICX Calvert IncomePairCorr
  0.65CFOIX Calvert Floating RatePairCorr
  0.78CGARX Calvert Responsible IndexPairCorr
  0.96CGAEX Calvert Global EnergyPairCorr
  0.71CGAFX Calvert Green BondPairCorr
  0.88CGACX Calvert Global EnergyPairCorr
  0.69CGBIX Calvert Green BondPairCorr
  0.94CGJAX Calvert Large CapPairCorr
  0.94CGJIX Calvert Large CapPairCorr
  0.84CGLIX Calvert Global EquityPairCorr
  0.84CGLAX Calvert Global EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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