Calvert High Correlations

Mutual Funds . USA . 
Fund . Calvert High Yield
CYBIX Fund  USD 24.70  0.01  0.04%   
The current 90-days correlation between Calvert High Yield and Wabmsx is 0.22 (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

Modest diversification

The correlation between Calvert High Yield and DJI is 0.2 (i.e., Modest 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.68CDHIX Calvert Developed MarketPairCorr
  0.84CDHAX Calvert Developed MarketPairCorr
  0.79CDICX Calvert Short DurationPairCorr
  0.84CDHRX Calvert InternationalPairCorr
  0.74CDSRX Calvert Short DurationPairCorr
  0.81CDSIX Calvert Short DurationPairCorr
  0.96CVMAX Calvert Emerging MarketsPairCorr
  0.82CVMRX Calvert Emerging MarketsPairCorr
  0.82CVMIX Calvert Emerging MarketsPairCorr
  0.96CVMCX Calvert Emerging MarketsPairCorr
  0.72CEFAX Calvert Emerging MarketsPairCorr
  0.72CEFIX Congressional EffectPairCorr
  0.81CEYIX Calvert Equity PortfolioPairCorr
  0.92CEYRX Calvert EquityPairCorr
  0.99CFAIX Calvert ConservativePairCorr
  0.8CWVIX Calvert InternationalPairCorr
  0.62CWVGX Calvert InternationalPairCorr
  0.89CWVCX Calvert InternationalPairCorr
  0.83CFICX Calvert IncomePairCorr
  0.83CFJIX Calvert Large CapPairCorr
  0.97CFJAX Calvert Large CapPairCorr
  0.97CFOIX Calvert Floating RatePairCorr
  0.74CFOAX Calvert Floating RatePairCorr
  0.84CFWCX Calvert Global WaterPairCorr
  0.98CFWAX Calvert Global WaterPairCorr
  0.84CFWIX Calvert Global WaterPairCorr
  0.73CGARX Calvert Responsible IndexPairCorr
  0.82CGAEX Calvert Global EnergyPairCorr
  0.73CGAFX Calvert Green BondPairCorr
  0.97CGACX Calvert Global EnergyPairCorr
  0.71CGBIX Calvert Green BondPairCorr
  0.76CGJAX Calvert Large CapPairCorr
  0.97CGJIX Calvert Large CapPairCorr
  0.71CGLIX Calvert Global EquityPairCorr
  0.71CGLAX Calvert Global EquityPairCorr
  0.87CYBAX Calvert High YieldPairCorr
  0.73CYBRX 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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