Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Energy
CGACX Fund  USD 11.44  0.01  0.09%   
The current 90-days correlation between Calvert Global Energy and Pace Smallmedium Value is 0.77 (i.e., Poor 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

Poor diversification

The correlation between Calvert Global Energy and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Energy 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 Energy. 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.97CDHAX Calvert Developed MarketPairCorr
  0.89CDICX Calvert Short DurationPairCorr
  0.97CDHRX Calvert InternationalPairCorr
  0.91CDSRX Calvert Short DurationPairCorr
  0.89CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.99CEFAX Calvert Emerging MarketsPairCorr
  0.99CEFIX Congressional EffectPairCorr
  0.9CEMCX Calvert Emerging MarketsPairCorr
  0.91CEMAX Calvert Emerging MarketsPairCorr
  0.94CEYIX Calvert Equity PortfolioPairCorr
  0.95CEYRX Calvert EquityPairCorr
  0.98CFAIX Calvert ConservativePairCorr
  0.94CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.93CWVCX Calvert InternationalPairCorr
  0.92CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.98CFOIX Calvert Floating RatePairCorr
  0.98CFOAX Calvert Floating RatePairCorr
  0.99CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.99CFWIX Calvert Global WaterPairCorr
  0.99CGARX Calvert Responsible IndexPairCorr
  0.99CGAEX Calvert Global EnergyPairCorr
  0.75CGAFX Calvert Green BondPairCorr
  0.74CGBIX Calvert Green BondPairCorr
  0.98CGJAX Calvert Large CapPairCorr
  0.99CGJIX Calvert Large CapPairCorr
  0.98CGLIX Calvert Global EquityPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.98CYBAX Calvert High YieldPairCorr
  0.98CYBRX Calvert High YieldPairCorr
  0.98CYBIX 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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