Calvert Smallmid Correlations

Mutual Funds . USA . 
Fund . Calvert Smallmid Cap C
CMPCX Fund   19.96  0.14  0.71%   
The current 90-days correlation between Calvert Smallmid Cap and Volumetric Fund Volumetric is 0.91 (i.e., Almost no diversification). The correlation of Calvert Smallmid 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 Smallmid Correlation With Market

Very poor diversification

The correlation between Calvert Smallmid Cap C and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Smallmid Cap C 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 Smallmid Cap C. 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

  0.84CDHIX Calvert Developed MarketPairCorr
  0.84CDHAX Calvert Developed MarketPairCorr
  0.67CDICX Calvert Short DurationPairCorr
  0.84CDHRX Calvert InternationalPairCorr
  0.7CDSRX Calvert Short DurationPairCorr
  0.69CDSIX Calvert Short DurationPairCorr
  0.88CVMAX Calvert Emerging MarketsPairCorr
  0.89CVMRX Calvert Emerging MarketsPairCorr
  0.89CVMIX Calvert Emerging MarketsPairCorr
  0.89CVMCX Calvert Emerging MarketsPairCorr
  0.86CEFAX Calvert Emerging MarketsPairCorr
  0.87CEFIX Congressional EffectPairCorr
  0.75CEMCX Calvert Emerging MarketsPairCorr
  0.75CEMAX Calvert Emerging MarketsPairCorr
  0.87CEYIX Calvert Equity PortfolioPairCorr
  0.92CEYRX Calvert EquityPairCorr
  0.85CFAIX Calvert ConservativePairCorr
  0.88CWVIX Calvert InternationalPairCorr
  0.83CWVGX Calvert InternationalPairCorr
  0.82CWVCX Calvert InternationalPairCorr
  0.7CFICX Calvert IncomePairCorr
  0.92CFJIX Calvert Large CapPairCorr
  0.9CFJAX Calvert Large CapPairCorr
  0.87CFOIX Calvert Floating RatePairCorr
  0.88CFOAX Calvert Floating RatePairCorr
  0.87CFWCX Calvert Global WaterPairCorr
  0.87CFWAX Calvert Global WaterPairCorr
  0.9CFWIX Calvert Global WaterPairCorr
  0.92CGARX Calvert Responsible IndexPairCorr
  0.87CGAEX Calvert Global EnergyPairCorr
  0.89CGACX Calvert Global EnergyPairCorr
  0.89CGJAX Calvert Large CapPairCorr
  0.91CGJIX Calvert Large CapPairCorr
  0.92CGLIX Calvert Global EquityPairCorr
  0.88CGLAX Calvert Global EquityPairCorr
  0.85CYBAX Calvert High YieldPairCorr
  0.85CYBRX Calvert High YieldPairCorr
  0.86CYBIX 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 Smallmid 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 Smallmid'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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