Calvert Bond Correlations

CSIBX Fund  USD 14.49  0.06  0.41%   
The current 90-days correlation between Calvert Bond Portfolio and Tiaa Cref Inflation Link is 0.87 (i.e., Very poor diversification). The correlation of Calvert Bond 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 Bond Correlation With Market

Average diversification

The correlation between Calvert Bond Portfolio and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Bond Portfolio 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 Bond Portfolio. 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 bureau of labor statistics.

Moving together with Calvert Mutual Fund

  0.87CDHIX Calvert Developed MarketPairCorr
  0.97CDICX Calvert Short DurationPairCorr
  0.95CDSRX Calvert Short DurationPairCorr
  0.95CDSIX Calvert Short DurationPairCorr
  0.81CWVIX Calvert InternationalPairCorr
  0.84CYBAX Calvert High YieldPairCorr
  0.81CIESX Calvert InternationalPairCorr
  0.99CIFCX Calvert IncomePairCorr
  0.75CIOAX Calvert InternationalPairCorr
  1.0CLDIX Calvert Long TermPairCorr
  0.99CMMRX Calvert Mortgage AccessPairCorr
  0.75COIRX Calvert InternationalPairCorr
  0.69CAARX Calvert ConservativePairCorr
  1.0CSBCX Calvert Bond PortfolioPairCorr
  0.96CSDAX Calvert Short DurationPairCorr
  1.0CBORX Calvert BondPairCorr
  0.68CCLAX Calvert ConservativePairCorr
  0.98CUBIX Calvert UnconstrainedPairCorr
  0.98CUBRX Calvert Flexible BondPairCorr
  0.89CULRX Calvert Ultra ShortPairCorr

Moving against Calvert Mutual Fund

  0.66CGJIX Calvert Large CapPairCorr
  0.59CEMCX Calvert Emerging MarketsPairCorr
  0.57CMCIX Capital Management MidPairCorr
  0.55CISIX Calvert Large CapPairCorr
  0.58CMERX Calvert Emerging MarketsPairCorr
  0.58CMPAX Calvert Small/mid-capPairCorr
  0.57CSXCX Calvert Large CapPairCorr
  0.47CBARX Calvert BalancedPairCorr
  0.47CBAIX Calvert Balanced PorPairCorr
  0.31CCPIX Calvert Capital AccuPairCorr
  0.56SPGSX State Street PremierPairCorr
  0.49CCVAX Calvert Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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