Correlation Between Calvert Long and Balanced Fund

Can any of the company-specific risk be diversified away by investing in both Calvert Long and Balanced Fund 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 Long and Balanced Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Calvert Long Term Income and Balanced Fund Retail, you can compare the effects of market volatilities on Calvert Long and Balanced Fund 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 Long with a short position of Balanced Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calvert Long and Balanced Fund.

Diversification Opportunities for Calvert Long and Balanced Fund

0.0

Correlation Coefficient

Calvert Long  Balanced Fund

Pay attention - limited upside

The 3 months correlation between Calvert and Balanced is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Long Term Income and Balanced Fund Retail in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Balanced Fund Retail and Calvert Long 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 Long Term Income are associated (or correlated) with Balanced Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Balanced Fund Retail has no effect on the direction of Calvert Long i.e., Calvert Long and Balanced Fund go up and down completely randomly.

Pair Corralation between Calvert Long and Balanced Fund

If you would invest  1,217  in Balanced Fund Retail on May 7, 2025 and sell it today you would earn a total of  86.00  from holding Balanced Fund Retail or generate 7.07% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Calvert Long Term Income  vs.  Balanced Fund Retail

Calvert Long Term

Risk-Adjusted Performance

Fair

Over the last 90 days Calvert Long Term Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Calvert Long is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Balanced Fund Retail

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Balanced Fund Retail are ranked lower than 18 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Balanced Fund may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Calvert Long and Balanced Fund

The main advantage of trading using opposite Calvert Long and Balanced Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calvert Long position performs unexpectedly, Balanced Fund 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 Balanced Fund will offset losses from the drop in Balanced Fund's long position.

The idea behind Calvert Long Term Income and Balanced Fund Retail 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.