Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Water
CFWAX Fund  USD 28.71  0.23  0.79%   
The current 90-days correlation between Calvert Global Water and Allianzgi Global Water is 0.97 (i.e., Almost no diversification). The correlation of Calvert Global 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 Global Correlation With Market

Very poor diversification

The correlation between Calvert Global Water and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Water 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 Global Water. 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

  0.99CDHIX Calvert Developed MarketPairCorr
  0.99CDHAX Calvert Developed MarketPairCorr
  0.63CDICX Calvert Short DurationPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.61CDSRX Calvert Short DurationPairCorr
  0.67CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.94CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.99CEFAX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.89CEMCX Calvert Emerging MarketsPairCorr
  0.89CEMAX Calvert Emerging MarketsPairCorr
  0.9CEYIX Calvert Equity PortfolioPairCorr
  0.96CEYRX Calvert EquityPairCorr
  0.95CFAIX Calvert ConservativePairCorr
  0.99CWVIX Calvert InternationalPairCorr
  0.99CWVGX Calvert InternationalPairCorr
  0.99CWVCX Calvert InternationalPairCorr
  0.74CFICX Calvert IncomePairCorr
  0.92CFJIX Calvert Large CapPairCorr
  0.92CFJAX Calvert Large CapPairCorr
  0.8CFOIX Calvert Floating RatePairCorr
  0.78CFOAX Calvert Floating RatePairCorr
  1.0CFWCX Calvert Global WaterPairCorr
  1.0CFWIX Calvert Global WaterPairCorr
  0.97CGARX Calvert Responsible IndexPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.96CGJAX Calvert Large CapPairCorr
  0.96CGJIX Calvert Large CapPairCorr
  0.93CGLIX Calvert Global EquityPairCorr
  0.97CGLAX Calvert Global EquityPairCorr
  0.94CYBAX Calvert High YieldPairCorr
  0.97CYBRX Calvert High YieldPairCorr
  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 Global 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 Global'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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