Calvert International Correlations

Mutual Funds . USA . 
Fund . Calvert International Equity
CWVCX Fund  USD 19.49  0.09  0.46%   
The current 90-days correlation between Calvert International and Goldman Sachs Short is 0.07 (i.e., Significant 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

Good diversification

The correlation between Calvert International Equity and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert International 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 International 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 main economic indicators.

Moving together with Calvert Mutual Fund

  0.76CDHIX Calvert Developed MarketPairCorr
  0.76CDHAX Calvert Developed MarketPairCorr
  0.65CDICX Calvert Short DurationPairCorr
  0.82CDHRX Calvert InternationalPairCorr
  0.64CDSRX Calvert Short DurationPairCorr
  0.63CDSIX Calvert Short DurationPairCorr
  0.63CVMAX Calvert Emerging MarketsPairCorr
  0.63CVMRX Calvert Emerging MarketsPairCorr
  0.69CVMIX Calvert Emerging MarketsPairCorr
  0.63CVMCX Calvert Emerging MarketsPairCorr
  0.64CEFAX Calvert Emerging MarketsPairCorr
  0.63CEFIX Congressional EffectPairCorr
  0.83CFAIX Calvert ConservativePairCorr
  0.85CWVIX Calvert InternationalPairCorr
  0.85CWVGX Calvert InternationalPairCorr
  0.74CFICX Calvert IncomePairCorr
  0.73CFWCX Calvert Global WaterPairCorr
  0.74CFWAX Calvert Global WaterPairCorr
  0.7CFWIX Calvert Global WaterPairCorr
  0.69CGAFX Calvert Green BondPairCorr
  0.69CGBIX Calvert Green BondPairCorr
  0.73CYBAX Calvert High YieldPairCorr
  0.8CYBRX Calvert High YieldPairCorr
  0.87CYBIX Calvert High YieldPairCorr

Related Correlations Analysis

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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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