Calvert Conservative Correlations

Mutual Funds USA . 
Fund . Calvert Servative Allocation
CALCX Fund  USD 17.98  0.03  0.17%   
The current 90-days correlation between Calvert Conservative and Calvert Conservative Allocation is 1.0 (i.e., No risk reduction). The correlation of Calvert Conservative 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 Conservative Correlation With Market

Very weak diversification

The correlation between Calvert Servative Allocation and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Servative Allocation 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 Servative Allocation. 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

  0.78CDHIX Calvert Developed MarketPairCorr
  0.83CDHAX Calvert Developed MarketPairCorr
  0.78CDHRX Calvert InternationalPairCorr
  0.75CVMAX Calvert Emerging MarketsPairCorr
  0.74CVMRX Calvert Emerging MarketsPairCorr
  0.75CVMIX Calvert Emerging MarketsPairCorr
  0.75CVMCX Calvert Emerging MarketsPairCorr
  0.65CEYIX Calvert Equity PortfolioPairCorr
  0.65CEYRX Calvert EquityPairCorr
  1.0CFAIX Calvert ConservativePairCorr
  0.81CWVIX Calvert InternationalPairCorr
  0.81CWVGX Calvert InternationalPairCorr
  0.82CWVCX Calvert InternationalPairCorr
  0.93CFICX Calvert IncomePairCorr
  0.78CFJIX Calvert Large CapPairCorr
  0.75CFJAX Calvert Large CapPairCorr
  0.93CGARX Calvert Responsible IndexPairCorr
  0.92CGAFX Calvert Green BondPairCorr
  0.92CGBIX Calvert Green BondPairCorr
  0.66CGJAX Calvert Large CapPairCorr
  0.66CGJIX Calvert Large CapPairCorr
  0.63CGLIX Calvert Global EquityPairCorr
  0.61CGLAX Calvert Global EquityPairCorr
  0.72CYBAX Calvert High YieldPairCorr
  0.71CYBRX Calvert High YieldPairCorr
  0.72CYBIX 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 Conservative 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 Conservative'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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