Calvert Global Correlations

CGLAX Fund   16.59  0.16  0.97%   
The current 90-days correlation between Calvert Global Equity and Gabelli Gold Fund is 0.47 (i.e., Very weak diversification). The correlation of Calvert Global 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 Global Correlation With Market

Very weak diversification

The correlation between Calvert Global Equity and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global 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 Global 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 nation.

Moving together with Calvert Mutual Fund

  0.77CEMCX Calvert Emerging MarketsPairCorr
  0.77CEMAX Calvert Emerging MarketsPairCorr
  0.67CEYIX Calvert Equity PortfolioPairCorr
  0.67CEYRX Calvert EquityPairCorr
  0.83CGARX Calvert Responsible IndexPairCorr
  0.79CGJAX Calvert Large CapPairCorr
  0.79CGJIX Calvert Large CapPairCorr
  1.0CGLIX Calvert Global EquityPairCorr

Moving against Calvert Mutual Fund

  0.52CDSRX Calvert Short DurationPairCorr
  0.52CDSIX Calvert Short DurationPairCorr
  0.49CDICX Calvert Short DurationPairCorr
  0.32CFICX Calvert IncomePairCorr
  0.31CEFIX Congressional EffectPairCorr
  0.35CGBIX Calvert Green BondPairCorr
  0.34CGAFX Calvert Green BondPairCorr

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   
FGDIXGLDAX
IIGCXGLDAX
IIGCXFGDIX
SGDIXGLDAX
EPGFXGLDAX
FGDIXSGDIX
  
High negative correlations   
IIGCXMXKJX
FGDIXMXKJX
MXKJXGLDAX
EPGFXMXKJX
MXKJXSGDIX
MXKJXGCEBX

Risk-Adjusted Indicators

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