Calvert Emerging Correlations

Mutual Funds . USA . 
Fund . Calvert Emerging Markets
CEFAX Fund  USD 14.96  0.07  0.47%   
The current 90-days correlation between Calvert Emerging Markets and Vanguard Information Technology is -0.25 (i.e., Very good diversification). The correlation of Calvert Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Calvert Emerging Markets and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Emerging Markets. 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

  0.75CDHIX Calvert Developed MarketPairCorr
  0.87CDHAX Calvert Developed MarketPairCorr
  0.64CDICX Calvert Short DurationPairCorr
  0.75CDHRX Calvert InternationalPairCorr
  0.68CDSRX Calvert Short DurationPairCorr
  0.67CDSIX Calvert Short DurationPairCorr
  0.93CVMAX Calvert Emerging MarketsPairCorr
  0.81CVMRX Calvert Emerging MarketsPairCorr
  0.81CVMIX Calvert Emerging MarketsPairCorr
  0.8CVMCX Calvert Emerging MarketsPairCorr
  0.87CEFIX Congressional EffectPairCorr
  0.67CFAIX Calvert ConservativePairCorr
  0.68CWVIX Calvert InternationalPairCorr
  0.81CWVGX Calvert InternationalPairCorr
  0.65CWVCX Calvert InternationalPairCorr
  0.61CFICX Calvert IncomePairCorr
  0.66CFOIX Calvert Floating RatePairCorr
  0.63CFOAX Calvert Floating RatePairCorr
  0.66CGARX Calvert Responsible IndexPairCorr
  0.88CGAEX Calvert Global EnergyPairCorr
  0.62CGAFX Calvert Green BondPairCorr
  0.74CGACX Calvert Global EnergyPairCorr
  0.71CGJAX Calvert Large CapPairCorr
  0.75CGLIX Calvert Global EquityPairCorr
  0.75CGLAX Calvert Global EquityPairCorr
  0.61CYBAX Calvert High YieldPairCorr
  0.61CYBRX Calvert High YieldPairCorr

Related Correlations Analysis


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

BSTSX
+ 0.87
VITAX
USTCX
+ 0.67
VITAX
HTECX
+ 0.46
BSTSX
USTCX
+ 0.45
BSTSX
HTECX
+ 0.42
FIKHX
HTECX
+ 0.2
VITAX
  

High negative correlations

USTCX
- 0.19
FIKHX
HTECX
- 0.15
USTCX
FIKHX
- 0.1
BSTSX
FIKHX
- 0.09
VITAX

Risk-Adjusted Indicators

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