Calvert Conservative Correlations

CAARX Fund

USD 19.16 0.03 0.16%

The current 90-days correlation between Calvert Conservative and Bbh Intermediate Municipal is -0.04 (i.e., Good diversification). The correlation of Calvert Conservative 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 Conservative Correlation With Market

Almost no diversification

The correlation between Calvert Conservative Allocatio and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Conservative Allocatio 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 Conservative Allocation. 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 poverty.

Moving together with Calvert Mutual Fund

0.95	CDHIX	Calvert Developed Market	Pair Corr
0.9	CDICX	Calvert Short Duration	Pair Corr
0.85	CVMIX	Calvert Emerging Markets	Pair Corr
1.0	CFAIX	Calvert Conservative	Pair Corr
0.93	CFJAX	Calvert Large Cap	Pair Corr
0.94	CFWCX	Calvert Global Water	Pair Corr
0.94	CFWIX	Calvert Global Water	Pair Corr
0.97	CGARX	Calvert Responsible Index	Pair Corr
0.76	CGAEX	Calvert Global Energy	Pair Corr
0.69	CGJIX	Calvert Large Cap	Pair Corr
0.89	CGLIX	Calvert Global Equity	Pair Corr
0.92	CYBAX	Calvert High Yield	Pair Corr
0.92	CHBCX	Calvert High Yield	Pair Corr
0.93	CIESX	Calvert International	Pair Corr
0.87	CLVRX	Columbia International	Pair Corr
0.96	CMACX	Calvert Moderate All	Pair Corr
0.89	CMERX	Calvert Emerging Markets	Pair Corr
0.9	CMPAX	Calvert Small/mid-cap	Pair Corr
0.88	CMPCX	Calvert Small/mid-cap	Pair Corr
0.93	CRFCX	Calvert Focused Value	Pair Corr
0.84	CAEIX	Calvert Global Energy	Pair Corr
0.99	CAGIX	Calvert Aggressive	Pair Corr
0.85	CALRX	Calvert Smallcap Fund6	Pair Corr
0.84	CSCCX	Calvert Small Cap	Pair Corr
0.89	CSMAX	Calvert Global Small	Pair Corr
0.85	CSVIX	Calvert Small Cap	Pair Corr
0.93	CSXRX	Calvert Large Cap	Pair Corr
0.92	CSXCX	Calvert Large Cap	Pair Corr
0.86	CULAX	Calvert Ultra Short	Pair Corr
0.9	VWIAX	Vanguard Wellesley Income	Pair Corr
0.92	VWINX	Vanguard Wellesley Income	Pair Corr
0.98	BKMIX	Blackrock Multi Asset	Pair Corr
0.9	HBLTX	Hartford Balanced	Pair Corr
0.9	HBLRX	Hartford Balanced	Pair Corr
0.9	HBLSX	Hartford Balanced	Pair Corr
0.9	HBLVX	Hartford Balanced	Pair Corr
0.9	HBLFX	Hartford Balanced	Pair Corr
0.9	HBLYX	Hartford Balanced	Pair Corr

Related Correlations Analysis

	FHYVX	INGXX	OWMBX	TGTXX	BBINX
FHYVX		0.0	0.91	0.0	0.93	FHYVX
INGXX	0.0		0.0	0.0	0.0	INGXX
OWMBX	0.91	0.0		0.0	0.98	OWMBX
TGTXX	0.0	0.0	0.0		0.0	TGTXX
BBINX	0.93	0.0	0.98	0.0		BBINX
	FHYVX	INGXX	OWMBX	TGTXX	BBINX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BBINX	+ 0.98	OWMBX
BBINX	+ 0.93	FHYVX
OWMBX	+ 0.91	FHYVX
INGXX	+ 0.0	FHYVX
TGTXX	+ 0.0	FHYVX
OWMBX	+ 0.0	INGXX

High negative correlations

BBINX	- 0.0	TGTXX
TGTXX	- 0.0	OWMBX
BBINX	- 0.0	INGXX
TGTXX	- 0.0	INGXX
OWMBX	- 0.0	INGXX
TGTXX	- 0.0	FHYVX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHYVX	0.10	0.01	(0.17)	0.31	(0.16)	0.23	(0.11)	0.90
INGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OWMBX	0.05	0.01	(0.34)	0.79	(0.10)	0.09	(0.09)	0.43
TGTXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBINX	0.06	0.01	(0.26)	(1.60)	(0.14)	0.19	(0.10)	0.48

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