Calvert Balanced Correlations

Mutual Funds . USA . 
Fund . Calvert Balanced Portfolio
CSGCX Fund  USD 44.29  0.03  0.07%   
The current 90-days correlation between Calvert Balanced Por and Calvert Equity Portfolio is -0.06 (i.e., Good diversification). The correlation of Calvert Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Calvert Balanced Portfolio and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Balanced Portfolio 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 Balanced Portfolio. 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

  0.83CDHAX Calvert Developed MarketPairCorr
  0.73CDICX Calvert Short DurationPairCorr
  0.82CDHRX Calvert InternationalPairCorr
  0.88CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.82CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.83CVMCX Calvert Emerging MarketsPairCorr
  0.97CEFIX Congressional EffectPairCorr
  0.81CEYIX Calvert Equity PortfolioPairCorr
  0.75CEYRX Calvert EquityPairCorr
  0.82CFAIX Calvert ConservativePairCorr
  0.93CWVIX Calvert InternationalPairCorr
  0.93CWVGX Calvert InternationalPairCorr
  0.93CWVCX Calvert InternationalPairCorr
  0.77CFICX Calvert IncomePairCorr
  0.98CFJIX Calvert Large CapPairCorr
  0.98CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.86CFOAX Calvert Floating RatePairCorr
  0.99CFWCX Calvert Global WaterPairCorr
  0.99CFWAX Calvert Global WaterPairCorr
  0.99CFWIX Calvert Global WaterPairCorr
  0.82CGAEX Calvert Global EnergyPairCorr
  0.73CGAFX Calvert Green BondPairCorr
  0.86CGACX Calvert Global EnergyPairCorr
  1.0CGJAX Calvert Large CapPairCorr
  0.84CGJIX Calvert Large CapPairCorr
  0.98CGLAX Calvert Global EquityPairCorr
  0.84CYBIX Calvert High YieldPairCorr
  0.81CIESX Calvert InternationalPairCorr
  0.89CIFCX Calvert IncomePairCorr
  0.96CIOAX Calvert InternationalPairCorr
  0.82CISIX Calvert Large CapPairCorr
  0.65CLAIX Calvert Moderate AllPairCorr
  0.68CLDIX Calvert Long TermPairCorr
  0.98CLVRX Columbia InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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