Calvert Smallcap Correlations

CALRX Fund  USD 37.51  0.31  0.83%   
The current 90-days correlation between Calvert Smallcap Fund6 and Calvert Small Cap is 1.0 (i.e., No risk reduction). The correlation of Calvert Smallcap 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 Smallcap Correlation With Market

Average diversification

The correlation between Calvert Smallcap Fund6 and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Smallcap Fund6 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 Smallcap Fund6. 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 metropolitan statistical area.

Moving together with Calvert Mutual Fund

  0.61CFJIX Calvert Large CapPairCorr
  0.61CFJAX Calvert Large CapPairCorr
  0.73CFOIX Calvert Floating RatePairCorr
  0.74CFOAX Calvert Floating RatePairCorr
  0.78CGARX Calvert Responsible IndexPairCorr
  0.85CGJAX Calvert Large CapPairCorr
  0.86CGJIX Calvert Large CapPairCorr
  0.76CYBAX Calvert High YieldPairCorr

Moving against Calvert Mutual Fund

  0.66CVMCX Calvert Emerging MarketsPairCorr
  0.64CVMAX Calvert Emerging MarketsPairCorr
  0.64CVMIX Calvert Emerging MarketsPairCorr
  0.6CVMRX Calvert Emerging MarketsPairCorr
  0.52CWVGX Calvert InternationalPairCorr
  0.52CWVCX Calvert InternationalPairCorr
  0.49CWVIX Calvert InternationalPairCorr
  0.4CEMCX Calvert Emerging MarketsPairCorr
  0.4CEMAX Calvert Emerging MarketsPairCorr
  0.32CDHAX Calvert Developed MarketPairCorr
  0.54CGACX Calvert Global EnergyPairCorr
  0.51CGAEX Calvert Global EnergyPairCorr
  0.49CIESX Calvert InternationalPairCorr

Related Correlations Analysis

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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   
CSXAXCCVAX
CSXAXCSXCX
CSXCXCCVAX
CSECXCCVAX
  
High negative correlations   
CSXAXCSECX
CSECXCSXCX

Risk-Adjusted Indicators

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