Calvert Short Correlations

CDICX Fund

USD 15.60 0.01 0.06%

The current 90-days correlation between Calvert Short Duration and Calvert Short Duration is 0.96 (i.e., Almost no diversification). The correlation of Calvert Short 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 Short Correlation With Market

Very good diversification

The correlation between Calvert Short Duration and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Short Duration 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 Short Duration. 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

0.99	CDSIX	Calvert Short Duration	Pair Corr
0.61	CIFCX	Calvert Income	Pair Corr
0.92	CLDIX	Calvert Long Term	Pair Corr
0.97	CMMAX	Calvert Mortgage Access	Pair Corr
0.84	CSBCX	Calvert Bond Portfolio	Pair Corr
1.0	CSDAX	Calvert Short Duration	Pair Corr

Moving against Calvert Mutual Fund

0.64	CGJAX	Calvert Large Cap	Pair Corr
0.64	CGJIX	Calvert Large Cap	Pair Corr
0.62	CISIX	Calvert Large Cap	Pair Corr
0.59	CMJIX	Calvert Mid Cap	Pair Corr
0.59	CMJAX	Calvert Mid Cap	Pair Corr
0.59	CMPAX	Calvert Small/mid-cap	Pair Corr
0.52	CFJIX	Calvert Large Cap	Pair Corr
0.52	CFJAX	Calvert Large Cap	Pair Corr
0.52	CLVRX	Columbia International	Pair Corr
0.44	CMACX	Calvert Moderate All	Pair Corr
0.43	CEYIX	Calvert Equity Portfolio	Pair Corr
0.43	CEYRX	Calvert Equity	Pair Corr
0.43	CMAAX	Calvert Moderate All	Pair Corr
0.62	CSXCX	Calvert Large Cap	Pair Corr
0.62	CSXAX	Calvert Large Cap	Pair Corr
0.6	CSCCX	Calvert Small Cap	Pair Corr
0.6	CSVIX	Calvert Small Cap	Pair Corr
0.6	CCVAX	Calvert Small Cap	Pair Corr
0.58	CALRX	Calvert Smallcap Fund6	Pair Corr
0.58	CSGCX	Calvert Balanced Por	Pair Corr
0.57	CSIFX	Calvert Balanced Por	Pair Corr
0.5	CAACX	Calvert Aggressive	Pair Corr
0.5	CCAFX	Calvert Capital Accu	Pair Corr

Related Correlations Analysis

	CDSIX	CSDAX	CIFCX	CLDIX	CCVAX
CDSIX		1.0	0.54	0.89	-0.65	CDSIX
CSDAX	1.0		0.56	0.9	-0.63	CSDAX
CIFCX	0.54	0.56		0.82	0.21	CIFCX
CLDIX	0.89	0.9	0.82		-0.34	CLDIX
CCVAX	-0.65	-0.63	0.21	-0.34		CCVAX
	CDSIX	CSDAX	CIFCX	CLDIX	CCVAX

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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

CSDAX	+ 1.0	CDSIX
CLDIX	+ 0.9	CSDAX
CLDIX	+ 0.89	CDSIX
CLDIX	+ 0.82	CIFCX
CIFCX	+ 0.56	CSDAX
CIFCX	+ 0.54	CDSIX

High negative correlations

CCVAX	- 0.65	CDSIX
CCVAX	- 0.63	CSDAX
CCVAX	- 0.34	CLDIX

Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Short 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 Short'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
CDSIX	0.11	0.00	0.72	(0.04)	0.08	(0.15)	0.32	(0.25)	0.89
CSDAX	0.11	0.00	0.71	(0.04)	0.09	(0.13)	0.25	(0.25)	0.83
CIFCX	0.24	(0.01)	0.34	1.36	0.31	(0.26)	0.53	(0.40)	1.67
CLDIX	0.29	0.00	0.32	(0.07)	0.34	(0.30)	0.57	(0.51)	1.78
CCVAX	1.13	0.01	0.00	(0.12)	0.00	0.00	2.05	(2.40)	11.58

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