Calvert International Correlations

Mutual Funds . USA . 
Fund . Calvert International Equity
CWVCX Fund  USD 21.74  0.19  0.88%   
The current 90-days correlation between Calvert International and Dreyfus Technology Growth is 0.11 (i.e., Average diversification). The correlation of Calvert International 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 International Correlation With Market

Significant diversification

The correlation between Calvert International Equity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert International Equity 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 International Equity. 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

  0.8CDHIX Calvert Developed MarketPairCorr
  0.94CDHAX Calvert Developed MarketPairCorr
  0.8CDHRX Calvert InternationalPairCorr
  0.62CDSRX Calvert Short DurationPairCorr
  0.63CDSIX Calvert Short DurationPairCorr
  0.8CVMAX Calvert Emerging MarketsPairCorr
  0.79CVMRX Calvert Emerging MarketsPairCorr
  0.79CVMIX Calvert Emerging MarketsPairCorr
  0.8CVMCX Calvert Emerging MarketsPairCorr
  0.72CEFAX Calvert Emerging MarketsPairCorr
  0.72CEFIX Congressional EffectPairCorr
  0.86CFAIX Calvert ConservativePairCorr
  1.0CWVIX Calvert InternationalPairCorr
  0.82CWVGX Calvert InternationalPairCorr
  0.61CFICX Calvert IncomePairCorr
  0.61CFWAX Calvert Global WaterPairCorr
  0.74CFWIX Calvert Global WaterPairCorr
  0.86CGARX Calvert Responsible IndexPairCorr
  0.88CGAEX Calvert Global EnergyPairCorr
  0.66CGAFX Calvert Green BondPairCorr
  0.88CGACX Calvert Global EnergyPairCorr
  0.69CGJAX Calvert Large CapPairCorr
  0.9CGLIX Calvert Global EquityPairCorr
  0.75CGLAX Calvert Global EquityPairCorr

Related Correlations Analysis


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

FRBRX
+ 0.93
FIKHX
CMTFX
+ 0.82
PGKCX
TEFQX
+ 0.55
DTEYX
PGKCX
+ 0.5
DTEYX
FRBRX
+ 0.42
PGKCX
CMTFX
+ 0.41
DTEYX
  

High negative correlations

TEFQX
- 0.8
FIKHX
FRBRX
- 0.71
TEFQX
FIKHX
- 0.34
DTEYX
FRBRX
- 0.31
DTEYX

Risk-Adjusted Indicators

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