Calvert Balanced Correlations

CBAIX Fund

USD 49.05 0.11 0.22%

The current 90-days correlation between Calvert Balanced Por and Mid Cap Growth is 0.81 (i.e., Very poor diversification). The correlation of Calvert Balanced 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 Balanced Correlation With Market

Very good diversification

The correlation between Calvert Balanced Portfolio and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Balanced Portfolio 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 Balanced Portfolio. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Calvert Mutual Fund

0.96	FBONX	American Funds American	Pair Corr
0.96	FBAFX	American Funds American	Pair Corr
0.96	ABALX	American Balanced	Pair Corr
0.96	BALCX	American Balanced	Pair Corr
0.96	BALFX	American Balanced	Pair Corr
0.96	RLBCX	American Balanced	Pair Corr
0.96	RLBBX	American Balanced	Pair Corr
0.96	CLBAX	American Balanced	Pair Corr
0.96	CLBEX	American Balanced	Pair Corr
0.96	RLBFX	American Balanced	Pair Corr
0.93	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.92	RYVLX	Nasdaq 100 2x	Pair Corr
0.92	RYVYX	Nasdaq 100 2x	Pair Corr
0.92	UOPIX	Ultra Nasdaq 100	Pair Corr
0.92	RYCCX	Nasdaq 100 2x	Pair Corr
0.92	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.86	INPIX	Internet Ultrasector	Pair Corr
0.85	INPSX	Internet Ultrasector	Pair Corr
0.82	BIPIX	Biotechnology Ultrasector	Pair Corr
0.75	CSFAX	Cohen Steers Global	Pair Corr
0.98	FAUTX	American Funds 2040	Pair Corr
0.91	POSKX	Primecap Odyssey Stock	Pair Corr
0.93	RYATX	Nasdaq 100 Fund	Pair Corr
0.91	PVFAX	Paradigm Value	Pair Corr
0.9	DOXIX	Dodge Cox Income	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.74	INTC	Intel	Pair Corr
0.8	AXP	American Express	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.82	GE	GE Aerospace Earnings Call This Week	Pair Corr

Moving against Calvert Mutual Fund

0.62	DIS	Walt Disney	Pair Corr
0.61	BA	Boeing	Pair Corr

Related Correlations Analysis

	TEGIX	FSLSX	GTMUX	ILLLX	QCSCX	IBALX	FSEAX	VOHIX	FSLVX	USWGX
TEGIX		0.61	0.7	0.82	0.62	0.73	0.7	0.72	0.66	0.71	TEGIX
FSLSX	0.61		0.8	0.68	0.92	0.83	0.79	0.66	0.96	0.84	FSLSX
GTMUX	0.7	0.8		0.69	0.83	0.69	0.6	0.57	0.77	0.66	GTMUX
ILLLX	0.82	0.68	0.69		0.82	0.93	0.91	0.9	0.8	0.9	ILLLX
QCSCX	0.62	0.92	0.83	0.82		0.92	0.86	0.8	0.96	0.9	QCSCX
IBALX	0.73	0.83	0.69	0.93	0.92		0.97	0.94	0.93	0.99	IBALX
FSEAX	0.7	0.79	0.6	0.91	0.86	0.97		0.93	0.89	0.98	FSEAX
VOHIX	0.72	0.66	0.57	0.9	0.8	0.94	0.93		0.78	0.91	VOHIX
FSLVX	0.66	0.96	0.77	0.8	0.96	0.93	0.89	0.78		0.93	FSLVX
USWGX	0.71	0.84	0.66	0.9	0.9	0.99	0.98	0.91	0.93		USWGX
	TEGIX	FSLSX	GTMUX	ILLLX	QCSCX	IBALX	FSEAX	VOHIX	FSLVX	USWGX

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Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Balanced 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 Balanced'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEGIX	0.67	0.04	(0.03)	(0.08)	0.79	(0.77)	1.44	(1.15)	4.77
FSLSX	0.82	0.08	0.02	(0.64)	0.82	(1.11)	2.09	(1.15)	6.91
GTMUX	0.76	0.04	(0.02)	(0.11)	0.91	(0.89)	1.79	(1.68)	5.45
ILLLX	1.07	0.12	0.03	(0.27)	1.43	(1.11)	2.61	(2.13)	8.07
QCSCX	0.93	0.15	0.08	(0.86)	0.92	(1.08)	2.35	(1.38)	6.83
IBALX	0.29	0.06	0.02	(0.35)	0.24	(0.35)	0.75	(0.44)	2.57
FSEAX	0.72	0.17	0.10	(2.34)	0.91	(0.76)	1.60	(1.33)	6.44
VOHIX	0.14	0.08	0.21	(2.98)	0.00	(0.23)	0.45	(0.17)	0.88
FSLVX	0.44	0.06	0.01	(0.31)	0.48	(0.51)	1.10	(0.78)	3.72
USWGX	0.47	0.09	0.04	(0.35)	0.55	(0.54)	1.11	(0.69)	4.06

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