Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CVMIX Fund  USD 20.39  0.04  0.20%   
The current 90-days correlation between Calvert Emerging Markets and Calvert Small Cap is 0.49 (i.e., Very weak 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 0.53 (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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.98CDHIX Calvert Developed MarketPairCorr
  0.98CDHAX Calvert Developed MarketPairCorr
  0.84CDICX Calvert Short DurationPairCorr
  0.98CDHRX Calvert InternationalPairCorr
  0.86CDSRX Calvert Short DurationPairCorr
  0.86CDSIX Calvert Short DurationPairCorr
  1.0CVMAX Calvert Emerging MarketsPairCorr
  1.0CVMRX Calvert Emerging MarketsPairCorr
  1.0CVMCX Calvert Emerging MarketsPairCorr
  0.98CEFAX Calvert Emerging MarketsPairCorr
  0.98CEFIX Congressional EffectPairCorr
  0.94CEMCX Calvert Emerging MarketsPairCorr
  0.94CEMAX Calvert Emerging MarketsPairCorr
  0.95CEYIX Calvert Equity PortfolioPairCorr
  0.95CEYRX Calvert EquityPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.95CWVIX Calvert InternationalPairCorr
  0.95CWVGX Calvert InternationalPairCorr
  0.95CWVCX Calvert InternationalPairCorr
  0.87CFICX Calvert IncomePairCorr
  0.97CFJIX Calvert Large CapPairCorr
  0.97CFJAX Calvert Large CapPairCorr
  0.96CFOIX Calvert Floating RatePairCorr
  0.96CFOAX Calvert Floating RatePairCorr
  0.98CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.98CFWIX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.69CGAFX Calvert Green BondPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.7CGBIX Calvert Green BondPairCorr
  0.98CGJAX Calvert Large CapPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.98CGLIX Calvert Global EquityPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.97CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  0.97CYBIX 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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