Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CVMCX Fund  USD 19.34  0.10  0.52%   
The current 90-days correlation between Calvert Emerging Markets and Tiaa Cref Small Cap Equity is 0.27 (i.e., Modest 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 poor diversification

The correlation between Calvert Emerging Markets and DJI is 0.82 (i.e., Very poor 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 main economic indicators.

Moving together with Calvert Mutual Fund

  0.84CDHIX Calvert Developed MarketPairCorr
  0.84CDHAX Calvert Developed MarketPairCorr
  0.65CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.77CDSRX Calvert Short DurationPairCorr
  0.8CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.83CVMRX Calvert Emerging MarketsPairCorr
  1.0CVMIX Calvert Emerging MarketsPairCorr
  0.98CEFAX Calvert Emerging MarketsPairCorr
  1.0CEFIX Congressional EffectPairCorr
  0.98CEMCX Calvert Emerging MarketsPairCorr
  0.96CEMAX Calvert Emerging MarketsPairCorr
  0.93CEYIX Calvert Equity PortfolioPairCorr
  0.96CEYRX Calvert EquityPairCorr
  0.79CFAIX Calvert ConservativePairCorr
  0.97CWVIX Calvert InternationalPairCorr
  0.84CWVGX Calvert InternationalPairCorr
  0.97CWVCX Calvert InternationalPairCorr
  0.73CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.92CFJAX Calvert Large CapPairCorr
  0.89CFOAX Calvert Floating RatePairCorr
  0.97CFWCX Calvert Global WaterPairCorr
  0.97CFWAX Calvert Global WaterPairCorr
  0.81CFWIX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.82CGAEX Calvert Global EnergyPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.95CGJAX Calvert Large CapPairCorr
  0.79CGJIX Calvert Large CapPairCorr
  0.98CGLIX Calvert Global EquityPairCorr
  0.96CGLAX Calvert Global EquityPairCorr
  0.84CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  0.98CYBIX Calvert High YieldPairCorr
  0.97CHBCX 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 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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