Calvert Aggressive Correlations

Mutual Funds . USA . 
Fund . Calvert Aggressive Allocation
CAAAX Fund  USD 28.59  0.02  0.07%   
The current 90-days correlation between Calvert Aggressive and Center St Brookfield is -0.08 (i.e., Good diversification). The correlation of Calvert Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Calvert Aggressive Allocation and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Aggressive Allocation 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 Aggressive Allocation. 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

  0.98CDHAX Calvert Developed MarketPairCorr
  0.98CDHRX Calvert InternationalPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.87CVMCX Calvert Emerging MarketsPairCorr
  0.97CEFIX Congressional EffectPairCorr
  0.82CEYIX Calvert Equity PortfolioPairCorr
  0.79CEYRX Calvert EquityPairCorr
  0.84CFAIX Calvert ConservativePairCorr
  0.78CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.93CWVCX Calvert InternationalPairCorr
  0.85CFICX Calvert IncomePairCorr
  0.86CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.97CFOAX Calvert Floating RatePairCorr
  0.88CFWCX Calvert Global WaterPairCorr
  0.99CFWAX Calvert Global WaterPairCorr
  0.86CFWIX Calvert Global WaterPairCorr
  0.89CGAEX Calvert Global EnergyPairCorr
  0.66CGAFX Calvert Green BondPairCorr
  0.88CGACX Calvert Global EnergyPairCorr
  0.99CGJIX Calvert Large CapPairCorr
  0.99CGLAX Calvert Global EquityPairCorr
  0.97CYBIX 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 Aggressive 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 Aggressive'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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