Calvert Emerging Correlations

CVMCX Fund

USD 21.31 0.12 0.57%

The current 90-days correlation between Calvert Emerging Markets and Columbia International Value is -0.04 (i.e., Good 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 0.59 (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 world development indicators.

Moving together with Calvert Mutual Fund

0.81	CDHIX	Calvert Developed Market	Pair Corr
0.72	CDHAX	Calvert Developed Market	Pair Corr
0.81	CDHRX	Calvert International	Pair Corr
0.89	CVMAX	Calvert Emerging Markets	Pair Corr
1.0	CVMRX	Calvert Emerging Markets	Pair Corr
1.0	CVMIX	Calvert Emerging Markets	Pair Corr
0.92	CEFAX	Calvert Emerging Markets	Pair Corr
0.92	CEFIX	Congressional Effect	Pair Corr
0.75	CFAIX	Calvert Conservative	Pair Corr
0.77	CWVIX	Calvert International	Pair Corr
0.74	CWVGX	Calvert International	Pair Corr
0.63	CWVCX	Calvert International	Pair Corr
0.61	CFICX	Calvert Income	Pair Corr
0.61	CGARX	Calvert Responsible Index	Pair Corr
0.87	CGAEX	Calvert Global Energy	Pair Corr
0.68	CGAFX	Calvert Green Bond	Pair Corr
0.93	CGACX	Calvert Global Energy	Pair Corr
0.76	CGJAX	Calvert Large Cap	Pair Corr
0.78	CGJIX	Calvert Large Cap	Pair Corr
0.89	CGLIX	Calvert Global Equity	Pair Corr
0.89	CGLAX	Calvert Global Equity	Pair Corr

Related Correlations Analysis

	CLVRX	CMAAX	CDHIX	CDHAX	CDHRX	CMCIX	CMEIX	CMJIX	CMJAX
CLVRX		0.62	0.5	0.63	0.5	0.59	-0.02	0.84	0.93	CLVRX
CMAAX	0.62		0.86	0.94	0.86	0.21	0.42	0.64	0.72	CMAAX
CDHIX	0.5	0.86		0.86	1.0	0.29	0.38	0.67	0.6	CDHIX
CDHAX	0.63	0.94	0.86		0.86	0.24	0.23	0.62	0.72	CDHAX
CDHRX	0.5	0.86	1.0	0.86		0.28	0.38	0.66	0.6	CDHRX
CMCIX	0.59	0.21	0.29	0.24	0.28		-0.31	0.79	0.7	CMCIX
CMEIX	-0.02	0.42	0.38	0.23	0.38	-0.31		0.05	-0.01	CMEIX
CMJIX	0.84	0.64	0.67	0.62	0.66	0.79	0.05		0.88	CMJIX
CMJAX	0.93	0.72	0.6	0.72	0.6	0.7	-0.01	0.88		CMJAX
	CLVRX	CMAAX	CDHIX	CDHAX	CDHRX	CMCIX	CMEIX	CMJIX	CMJAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CDHRX	+ 1.0	CDHIX
CDHAX	+ 0.94	CMAAX
CMJAX	+ 0.93	CLVRX
CMJAX	+ 0.88	CMJIX
CDHIX	+ 0.86	CMAAX
CDHRX	+ 0.86	CMAAX

High negative correlations

CMEIX	- 0.31	CMCIX
CMEIX	- 0.02	CLVRX
CMJAX	- 0.01	CMEIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CLVRX	0.73	0.18	0.17	7.58	0.51	(0.87)	1.51	(1.15)	9.36
CMAAX	0.38	0.01	(0.08)	0.10	0.50	(0.36)	0.83	(0.78)	1.97
CDHIX	0.69	(0.04)	(0.04)	0.01	1.01	(0.62)	1.28	(1.55)	3.14
CDHAX	0.66	0.03	(0.02)	0.23	0.86	(0.62)	1.27	(1.38)	3.15
CDHRX	0.69	(0.04)	(0.04)	0.01	1.01	(0.62)	1.28	(1.52)	3.14
CMCIX	0.78	(0.03)	(0.03)	0.03	0.78	(0.96)	1.46	(1.22)	5.79
CMEIX	0.81	(0.19)	0.00	(0.25)	0.00	0.00	1.35	(2.40)	4.99
CMJIX	0.72	0.02	0.03	0.07	0.80	(0.77)	1.71	(1.36)	5.42
CMJAX	0.72	0.07	0.02	0.54	0.79	(0.76)	1.70	(1.40)	5.45

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