Calvert Small Correlations

Mutual Funds . USA . 
Fund . Calvert Small Cap
CSVIX Fund  USD 37.09  0.38  1.04%   
The current 90-days correlation between Calvert Small Cap and Calvert Equity Portfolio is 0.66 (i.e., Poor diversification). The correlation of Calvert Small 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 Small Correlation With Market

Very weak diversification

The correlation between Calvert Small Cap 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 Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.74CEYIX Calvert Equity PortfolioPairCorr
  0.73CEYRX Calvert EquityPairCorr
  0.69CFAIX Calvert ConservativePairCorr
  0.75CFJIX Calvert Large CapPairCorr
  0.76CFJAX Calvert Large CapPairCorr
  0.63CFWCX Calvert Global WaterPairCorr
  0.72CFWAX Calvert Global WaterPairCorr
  0.64CFWIX Calvert Global WaterPairCorr
  0.68CGARX Calvert Responsible IndexPairCorr
  0.8CGAEX Calvert Global EnergyPairCorr
  0.63CGAFX Calvert Green BondPairCorr
  0.63CGLIX Calvert Global EquityPairCorr
  0.63CGLAX Calvert Global EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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