Calvert Emerging Correlations

CEMAX Fund  USD 11.83  0.12  1.00%   
The current 90-days correlation between Calvert Emerging Markets and Principal Lifetime Hybrid is -0.01 (i.e., Good diversification). The correlation of Calvert Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Calvert Emerging Markets and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Emerging Markets. 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

  0.7CDHIX Calvert Developed MarketPairCorr
  0.81CDICX Calvert Short DurationPairCorr
  0.84CVMRX Calvert Emerging MarketsPairCorr
  0.84CVMCX Calvert Emerging MarketsPairCorr
  0.78CEFIX Congressional EffectPairCorr
  0.94CEYIX Calvert Equity PortfolioPairCorr
  0.95CWVCX Calvert InternationalPairCorr
  0.77CGAEX Calvert Global EnergyPairCorr
  0.8CGLAX Calvert Global EquityPairCorr
  0.77CYBAX Calvert High YieldPairCorr
  0.84CYBIX Calvert High YieldPairCorr
  0.65CIESX Calvert InternationalPairCorr
  0.74CIFCX Calvert IncomePairCorr
  0.74CMACX Calvert Moderate AllPairCorr
  0.78CMAAX Calvert Moderate AllPairCorr
  0.73CMERX Calvert Emerging MarketsPairCorr
  0.67CMPAX Calvert Smallmid CapPairCorr
  0.95COIIX Calvert InternationalPairCorr
  0.76CAARX Calvert ConservativePairCorr
  0.74CAEIX Calvert Global EnergyPairCorr
  0.71CSBCX Calvert Bond PortfolioPairCorr
  0.79CSIEX Calvert Equity PortfolioPairCorr
  0.78CSXCX Calvert Large CapPairCorr
  0.78CSXAX Calvert Large CapPairCorr
  0.82VEMAX Vanguard Emerging MarketsPairCorr
  0.82VEIEX Vanguard Emerging MarketsPairCorr
  0.96VEMIX Vanguard Emerging MarketsPairCorr
  0.82VEMRX Vanguard Emerging MarketsPairCorr
  0.96FWWNX American Funds NewPairCorr
  0.96FNFWX American Funds NewPairCorr
  0.81NEWFX New World FundPairCorr
  0.82NWFFX New World FundPairCorr
  0.81NEWCX New World FundPairCorr
  0.83ODVYX Oppenheimer DevelopingPairCorr
  0.69PFN Pimco Income StrategyPairCorr
  0.63CIF Mfs Intermediate HighPairCorr

Related Correlations Analysis

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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   
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MSTSXPLMTX
PBLIXPLMTX
PBLIXPLAAX
TRBCXPLAAX
PBLIXMSTSX
  
High negative correlations   
LSAIXPBLIX
LSAAXPBLIX
LSAIXMSTSX
LSAAXMSTSX
LSAAXPLMTX
LSAIXPLMTX

Risk-Adjusted Indicators

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