Calvert Aggressive Correlations

Mutual Funds . USA . 
Fund . Calvert Aggressive Allocation
CAAAX Fund  USD 30.28  0.16  0.53%   
The current 90-days correlation between Calvert Aggressive and Qs Small Capitalization is 0.86 (i.e., Very poor 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

Very poor diversification

The correlation between Calvert Aggressive Allocation and DJI is 0.89 (i.e., Very 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.98CDHAX Calvert Developed MarketPairCorr
  0.83CDICX Calvert Short DurationPairCorr
  0.98CDHRX Calvert InternationalPairCorr
  0.74CDSRX Calvert Short DurationPairCorr
  0.83CDSIX Calvert Short DurationPairCorr
  0.95CVMAX Calvert Emerging MarketsPairCorr
  0.95CVMRX Calvert Emerging MarketsPairCorr
  0.95CVMIX Calvert Emerging MarketsPairCorr
  0.95CVMCX Calvert Emerging MarketsPairCorr
  0.93CEFAX Calvert Emerging MarketsPairCorr
  0.93CEFIX Congressional EffectPairCorr
  0.9CEMCX Calvert Emerging MarketsPairCorr
  0.9CEMAX Calvert Emerging MarketsPairCorr
  0.97CFAIX Calvert ConservativePairCorr
  0.87CWVIX Calvert InternationalPairCorr
  0.86CWVGX Calvert InternationalPairCorr
  0.86CWVCX Calvert InternationalPairCorr
  0.81CFICX Calvert IncomePairCorr
  0.95CFJIX Calvert Large CapPairCorr
  0.95CFJAX Calvert Large CapPairCorr
  0.86CFWCX Calvert Global WaterPairCorr
  0.87CFWAX Calvert Global WaterPairCorr
  0.87CFWIX Calvert Global WaterPairCorr
  1.0CGARX Calvert Responsible IndexPairCorr
  0.96CGAEX Calvert Global EnergyPairCorr
  0.79CGAFX Calvert Green BondPairCorr
  0.96CGACX Calvert Global EnergyPairCorr
  0.78CGBIX Calvert Green BondPairCorr
  0.97CGJAX Calvert Large CapPairCorr
  0.97CGJIX Calvert Large CapPairCorr
  0.93CGLIX Calvert Global EquityPairCorr
  0.93CGLAX Calvert Global EquityPairCorr
  0.68CYBAX Calvert High YieldPairCorr
  0.68CYBRX Calvert High YieldPairCorr
  0.68CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


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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