Calvert Balanced Correlations

Mutual Funds . USA . 
Fund . Calvert Balanced Portfolio
CBAIX Fund  USD 47.88  0.23  0.48%   
The current 90-days correlation between Calvert Balanced Por and Calvert Equity Portfolio is -0.08 (i.e., Good diversification). The correlation of Calvert Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Calvert Balanced Portfolio 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 Balanced Portfolio 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 Balanced Portfolio. 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.88CDICX Calvert Short DurationPairCorr
  0.9CDSRX Calvert Short DurationPairCorr
  0.89CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.93CEYIX Calvert Equity PortfolioPairCorr
  0.99CFAIX Calvert ConservativePairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.91CWVGX Calvert InternationalPairCorr
  0.9CWVCX Calvert InternationalPairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.99CFWCX Calvert Global WaterPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.75CGAFX Calvert Green BondPairCorr
  0.98CYBAX Calvert High YieldPairCorr
  0.98CYBRX Calvert High YieldPairCorr
  0.91CIESX Calvert InternationalPairCorr
  0.9CIFCX Calvert IncomePairCorr
  0.95CIOAX Calvert InternationalPairCorr
  1.0CISIX Calvert Large CapPairCorr
  1.0CLAIX Calvert Moderate AllPairCorr
  0.71CLDIX Calvert Long TermPairCorr
  0.97CLVRX Columbia InternationalPairCorr
  0.98CMACX Calvert Moderate AllPairCorr
  0.98CMAAX Calvert Moderate AllPairCorr
  0.87CMEIX Capital Management MidPairCorr
  0.88CMERX Calvert Emerging MarketsPairCorr
  0.98CMJIX Calvert Mid CapPairCorr
  0.92CMPAX Calvert Smallmid CapPairCorr
  0.9CMPCX Calvert Small/mid-capPairCorr
  0.96COIIX Calvert InternationalPairCorr
  0.97CRFIX Calvert FundPairCorr
  0.99CAACX Calvert AggressivePairCorr
  0.99CAARX Calvert ConservativePairCorr
  0.99CAEIX Calvert Global EnergyPairCorr
  0.99CALCX Calvert ConservativePairCorr
  0.75CSBCX Calvert Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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