Calvert High Correlations

Mutual Funds . USA . 
Fund . Calvert High Yield
CYBAX Fund  USD 25.05  0.04  0.16%   
The current 90-days correlation between Calvert High Yield and Ab Bond Inflation is 0.21 (i.e., Modest diversification). The correlation of Calvert High 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 High Correlation With Market

Poor diversification

The correlation between Calvert High Yield and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert High Yield 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 High Yield. 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

  0.98CDHIX Calvert Developed MarketPairCorr
  0.98CDHAX Calvert Developed MarketPairCorr
  0.88CDICX Calvert Short DurationPairCorr
  0.98CDHRX Calvert InternationalPairCorr
  0.88CDSRX Calvert Short DurationPairCorr
  0.9CDSIX Calvert Short DurationPairCorr
  0.98CVMAX Calvert Emerging MarketsPairCorr
  0.98CVMRX Calvert Emerging MarketsPairCorr
  0.98CVMIX Calvert Emerging MarketsPairCorr
  0.98CVMCX Calvert Emerging MarketsPairCorr
  0.98CEFAX Calvert Emerging MarketsPairCorr
  0.98CEFIX Congressional EffectPairCorr
  0.98CEMCX Calvert Emerging MarketsPairCorr
  0.98CEMAX Calvert Emerging MarketsPairCorr
  0.97CEYIX Calvert Equity PortfolioPairCorr
  0.97CEYRX Calvert EquityPairCorr
  0.98CFAIX Calvert ConservativePairCorr
  0.96CWVIX Calvert InternationalPairCorr
  0.96CWVGX Calvert InternationalPairCorr
  0.96CWVCX Calvert InternationalPairCorr
  0.93CFICX Calvert IncomePairCorr
  0.96CFJIX Calvert Large CapPairCorr
  0.96CFJAX Calvert Large CapPairCorr
  0.96CFOIX Calvert Floating RatePairCorr
  0.97CFOAX Calvert Floating RatePairCorr
  0.98CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.98CFWIX Calvert Global WaterPairCorr
  0.98CGARX Calvert Responsible IndexPairCorr
  0.98CGAEX Calvert Global EnergyPairCorr
  0.74CGAFX Calvert Green BondPairCorr
  0.98CGACX Calvert Global EnergyPairCorr
  0.76CGBIX Calvert Green BondPairCorr
  0.96CGJAX Calvert Large CapPairCorr
  0.96CGJIX Calvert Large CapPairCorr
  0.97CGLIX Calvert Global EquityPairCorr
  0.97CGLAX Calvert Global EquityPairCorr
  0.99CYBRX Calvert High YieldPairCorr
  1.0CYBIX 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 High 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 High'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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