Calvert International Correlations

Mutual Funds . USA . 
Fund . Calvert International Opportunities
CIOAX Fund  USD 17.11  0.15  0.87%   
The current 90-days correlation between Calvert International and Barings Emerging Markets is 0.31 (i.e., Weak 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

Poor diversification

The correlation between Calvert International Opportun and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert International Opportun 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 Opportunities. 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

  0.84CDHIX Calvert Developed MarketPairCorr
  0.85CDHAX Calvert Developed MarketPairCorr
  0.61CDICX Calvert Short DurationPairCorr
  0.85CDHRX Calvert InternationalPairCorr
  0.69CDSRX Calvert Short DurationPairCorr
  0.69CDSIX Calvert Short DurationPairCorr
  0.84CVMAX Calvert Emerging MarketsPairCorr
  0.84CVMRX Calvert Emerging MarketsPairCorr
  0.88CVMIX Calvert Emerging MarketsPairCorr
  0.84CVMCX Calvert Emerging MarketsPairCorr
  0.8CEFAX Calvert Emerging MarketsPairCorr
  0.8CEFIX Congressional EffectPairCorr
  0.69CFAIX Calvert ConservativePairCorr
  0.8CWVIX Calvert InternationalPairCorr
  0.8CWVGX Calvert InternationalPairCorr
  0.8CWVCX Calvert InternationalPairCorr
  0.72CFWCX Calvert Global WaterPairCorr
  0.73CFWAX Calvert Global WaterPairCorr
  0.89CFWIX Calvert Global WaterPairCorr
  0.73CGAFX Calvert Green BondPairCorr
  0.67CGBIX Calvert Green BondPairCorr
  0.62CYBAX Calvert High YieldPairCorr
  0.62CYBRX Calvert High YieldPairCorr
  0.63CYBIX Calvert High YieldPairCorr
  0.67CHBCX Calvert High YieldPairCorr

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   
WRLDX
+ 0.86
TBLDX
FZNQEX
+ 0.83
BXECX
SGICX
+ 0.8
TBLDX
WRLDX
+ 0.79
BXECX
FZNQEX
+ 0.66
WRLDX
TBLDX
+ 0.49
BXECX
  
High negative correlations   
FZNQEX
- 0.18
SGICX
SGICX
- 0.01
BXECX

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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