Calvert Small Correlations

Mutual Funds . USA . 
Fund . Calvert Small Cap
CCVAX Fund  USD 33.20  0.14  0.42%   
The current 90-days correlation between Calvert Small Cap and Calvert International Equity is 0.61 (i.e., Poor diversification). The correlation of Calvert Small 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 Small Correlation With Market

Poor diversification

The correlation between Calvert Small Cap and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Small Cap 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 Small Cap. 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 nation.

Moving together with Calvert Mutual Fund

  0.82CDHAX Calvert Developed MarketPairCorr
  0.82CDHRX Calvert InternationalPairCorr
  0.86CVMAX Calvert Emerging MarketsPairCorr
  0.86CVMRX Calvert Emerging MarketsPairCorr
  0.86CVMIX Calvert Emerging MarketsPairCorr
  0.78CVMCX Calvert Emerging MarketsPairCorr
  0.79CEYIX Calvert Equity PortfolioPairCorr
  0.76CEYRX Calvert EquityPairCorr
  0.69CFAIX Calvert ConservativePairCorr
  0.74CWVIX Calvert InternationalPairCorr
  0.85CWVGX Calvert InternationalPairCorr
  0.85CWVCX Calvert InternationalPairCorr
  0.79CFJIX Calvert Large CapPairCorr
  0.9CFJAX Calvert Large CapPairCorr
  0.82CFOIX Calvert Floating RatePairCorr
  0.84CFOAX Calvert Floating RatePairCorr
  0.79CFWCX Calvert Global WaterPairCorr
  0.87CFWAX Calvert Global WaterPairCorr
  0.75CFWIX Calvert Global WaterPairCorr
  0.79CGAEX Calvert Global EnergyPairCorr
  0.77CGACX Calvert Global EnergyPairCorr
  0.88CGJIX Calvert Large CapPairCorr
  0.81CYBIX 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 Small 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 Small'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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