Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Water
CFWIX Fund  USD 29.84  0.04  0.13%   
The current 90-days correlation between Calvert Global Water and Calvert Global Water is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Calvert Global Water and DJI is 0.74 (i.e., 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.99CDHAX Calvert Developed MarketPairCorr
  0.87CDICX Calvert Short DurationPairCorr
  0.99CDHRX Calvert InternationalPairCorr
  0.89CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.97CEYIX Calvert Equity PortfolioPairCorr
  0.97CEYRX Calvert EquityPairCorr
  0.99CFAIX Calvert ConservativePairCorr
  0.97CWVIX Calvert InternationalPairCorr
  0.96CWVGX Calvert InternationalPairCorr
  0.96CWVCX Calvert InternationalPairCorr
  0.91CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.97CFOAX Calvert Floating RatePairCorr
  1.0CFWCX Calvert Global WaterPairCorr
  1.0CFWAX Calvert Global WaterPairCorr
  0.99CGAEX Calvert Global EnergyPairCorr
  0.74CGAFX Calvert Green BondPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.98CGJIX Calvert Large CapPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.98CYBAX Calvert High YieldPairCorr
  0.98CYBIX Calvert High YieldPairCorr
  0.97CIESX Calvert InternationalPairCorr
  0.91CIFCX Calvert IncomePairCorr
  0.98CIOAX Calvert InternationalPairCorr
  0.99CISIX Calvert Large CapPairCorr
  0.99CLAIX Calvert Moderate AllPairCorr
  0.69CLDIX Calvert Long TermPairCorr
  0.69CLDAX Calvert Long TermPairCorr
  0.98CLVRX Columbia InternationalPairCorr
  0.99CMACX Calvert Moderate AllPairCorr
  0.99CMAAX Calvert Moderate AllPairCorr
  0.94CMERX Calvert Emerging MarketsPairCorr

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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