Correlation Between Calvert Us and Leuthold Global

Can any of the company-specific risk be diversified away by investing in both Calvert Us and Leuthold Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Calvert Us and Leuthold Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Calvert Large Cap and Leuthold Global Fund, you can compare the effects of market volatilities on Calvert Us and Leuthold Global and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Calvert Us with a short position of Leuthold Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calvert Us and Leuthold Global.

Diversification Opportunities for Calvert Us and Leuthold Global

0.84

Correlation Coefficient

Calvert Us  Leuthold Global

Very poor diversification

The 3 months correlation between Calvert and LEUTHOLD is 0.84. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Large Cap and Leuthold Global Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leuthold Global and Calvert Us is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Calvert Large Cap are associated (or correlated) with Leuthold Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leuthold Global has no effect on the direction of Calvert Us i.e., Calvert Us and Leuthold Global go up and down completely randomly.

Pair Corralation between Calvert Us and Leuthold Global

Assuming the 90 days horizon Calvert Large Cap is expected to generate 1.78 times more return on investment than Leuthold Global. However, Calvert Us is 1.78 times more volatile than Leuthold Global Fund. It trades about 0.17 of its potential returns per unit of risk. Leuthold Global Fund is currently generating about 0.22 per unit of risk. If you would invest  3,269  in Calvert Large Cap on May 27, 2025 and sell it today you would earn a total of  262.00  from holding Calvert Large Cap or generate 8.01% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

Calvert Large Cap  vs.  Leuthold Global Fund

Calvert Large Cap

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Calvert Large Cap are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Calvert Us may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Leuthold Global

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Leuthold Global Fund are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong essential indicators, Leuthold Global is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Calvert Us and Leuthold Global

The main advantage of trading using opposite Calvert Us and Leuthold Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calvert Us position performs unexpectedly, Leuthold Global can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Leuthold Global will offset losses from the drop in Leuthold Global's long position.

The idea behind Calvert Large Cap and Leuthold Global Fund pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..