Calvert Ultra Correlations
CULAX Fund | USD 9.90 0.01 0.10% |
The current 90-days correlation between Calvert Ultra Short and Calvert Developed Market is 0.03 (i.e., Significant diversification). The correlation of Calvert Ultra 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 Ultra Correlation With Market
Good diversification
The correlation between Calvert Ultra Short Income and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Ultra Short Income and DJI in the same portfolio, assuming nothing else is changed.
Calvert |
Moving together with Calvert Mutual Fund
0.97 | CFOIX | Calvert Floating Rate | PairCorr |
0.97 | CFOAX | Calvert Floating Rate | PairCorr |
0.73 | CGJAX | Calvert Large Cap | PairCorr |
0.73 | CGJIX | Calvert Large Cap | PairCorr |
Moving against Calvert Mutual Fund
0.82 | CEMCX | Calvert Emerging Markets | PairCorr |
0.81 | CEMAX | Calvert Emerging Markets | PairCorr |
0.8 | CWVGX | Calvert International | PairCorr |
0.8 | CWVCX | Calvert International | PairCorr |
0.79 | CWVIX | Calvert International | PairCorr |
0.72 | CDHIX | Calvert Developed Market | PairCorr |
0.72 | CDHAX | Calvert Developed Market | PairCorr |
0.71 | CDHRX | Calvert International | PairCorr |
0.6 | CEFAX | Calvert Emerging Markets | PairCorr |
0.59 | CEFIX | Congressional Effect | PairCorr |
0.57 | CVMCX | Calvert Emerging Markets | PairCorr |
0.56 | CVMAX | Calvert Emerging Markets | PairCorr |
0.56 | CVMIX | Calvert Emerging Markets | PairCorr |
0.55 | CVMRX | Calvert Emerging Markets | PairCorr |
0.55 | CFICX | Calvert Income | PairCorr |
0.44 | CDICX | Calvert Short Duration | PairCorr |
0.79 | CIESX | Calvert International | PairCorr |
0.76 | CGACX | Calvert Global Energy | PairCorr |
0.75 | CGAEX | Calvert Global Energy | PairCorr |
0.64 | CGAFX | Calvert Green Bond | PairCorr |
0.63 | CGBIX | Calvert Green Bond | PairCorr |
0.56 | CGRRX | Calamos Growth | PairCorr |
0.55 | CGECX | Calvert Fund | PairCorr |
0.54 | CGEIX | Columbia Select Global | PairCorr |
0.54 | CGRAX | Calvert Global Real | PairCorr |
0.49 | CFWCX | Calvert Global Water | PairCorr |
0.48 | CFWAX | Calvert Global Water | PairCorr |
0.48 | CFWIX | Calvert Global Water | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Calvert Mutual Fund performing well and Calvert Ultra 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 Ultra'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
CDHIX | 0.64 | (0.17) | 0.00 | (0.41) | 0.00 | 1.06 | 5.46 | |||
CDHAX | 0.64 | (0.17) | 0.00 | (0.41) | 0.00 | 1.07 | 5.28 | |||
CDICX | 0.08 | (0.02) | 0.00 | (4.23) | 0.00 | 0.13 | 0.58 | |||
CDHRX | 0.65 | (0.17) | 0.00 | (0.41) | 0.00 | 1.06 | 5.56 | |||
CDSRX | 0.09 | (0.01) | 0.00 | (0.79) | 0.00 | 0.19 | 0.83 | |||
CDSIX | 0.08 | (0.02) | 0.00 | (3.15) | 0.00 | 0.19 | 0.64 | |||
CVMAX | 0.74 | (0.04) | 0.00 | (0.10) | 0.00 | 1.56 | 5.41 | |||
CVMRX | 0.74 | (0.04) | 0.00 | (0.11) | 0.00 | 1.60 | 5.37 | |||
CVMIX | 0.74 | (0.04) | 0.00 | (0.10) | 0.00 | 1.60 | 5.46 | |||
CVMCX | 0.73 | (0.03) | 0.00 | (0.09) | 0.00 | 1.57 | 5.47 |