Calvert Conservative Correlations

Mutual Funds . USA . 
Fund . Calvert Conservative Allocation
CCLAX Fund  USD 17.84  0.15  0.83%   
The current 90-days correlation between Calvert Conservative and Calvert Moderate Allocation is 0.91 (i.e., Almost no diversification). 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

Poor diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Conservative Allocatio 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 Conservative 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 nation.

Moving together with Calvert Mutual Fund

  0.74CDHIX Calvert Developed MarketPairCorr
  0.74CDHAX Calvert Developed MarketPairCorr
  0.61CDICX Calvert Short DurationPairCorr
  0.79CDHRX Calvert InternationalPairCorr
  0.61CDSRX Calvert Short DurationPairCorr
  0.61CDSIX Calvert Short DurationPairCorr
  0.63CVMAX Calvert Emerging MarketsPairCorr
  0.63CVMRX Calvert Emerging MarketsPairCorr
  0.63CVMIX Calvert Emerging MarketsPairCorr
  0.62CVMCX Calvert Emerging MarketsPairCorr
  0.61CEYIX Calvert Equity PortfolioPairCorr
  0.62CEYRX Calvert EquityPairCorr
  0.92CFAIX Calvert ConservativePairCorr
  0.89CWVIX Calvert InternationalPairCorr
  0.89CWVGX Calvert InternationalPairCorr
  0.89CWVCX Calvert InternationalPairCorr
  0.73CFICX Calvert IncomePairCorr
  0.77CFJIX Calvert Large CapPairCorr
  0.76CFJAX Calvert Large CapPairCorr
  0.77CFWCX Calvert Global WaterPairCorr
  0.77CFWAX Calvert Global WaterPairCorr
  0.61CGAFX Calvert Green BondPairCorr
  0.62CGBIX Calvert Green BondPairCorr
  0.8CYBAX Calvert High YieldPairCorr
  0.79CYBRX Calvert High YieldPairCorr
  0.87CYBIX 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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