Calvert Floating-rate Correlations

Mutual Funds . USA . 
Fund . Calvert Floating Rate Advantage
CFOAX Fund  USD 8.78  0.01  0.11%   
The current 90-days correlation between Calvert Floating Rate and Gmo Emerging Markets is 0.43 (i.e., Very weak diversification). The correlation of Calvert Floating-rate 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 Floating-rate Correlation With Market

Good diversification

The correlation between Calvert Floating Rate Advantag and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Floating Rate Advantag 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 Floating Rate Advantage. 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

  0.75CDHIX Calvert Developed MarketPairCorr
  0.75CDHAX Calvert Developed MarketPairCorr
  0.63CDICX Calvert Short DurationPairCorr
  0.76CDHRX Calvert InternationalPairCorr
  0.68CDSRX Calvert Short DurationPairCorr
  0.86CDSIX Calvert Short DurationPairCorr
  0.75CVMAX Calvert Emerging MarketsPairCorr
  0.94CVMRX Calvert Emerging MarketsPairCorr
  0.91CVMIX Calvert Emerging MarketsPairCorr
  0.91CVMCX Calvert Emerging MarketsPairCorr
  0.94CEFAX Calvert Emerging MarketsPairCorr
  0.91CEFIX Congressional EffectPairCorr
  0.88CEMCX Calvert Emerging MarketsPairCorr
  0.88CEMAX Calvert Emerging MarketsPairCorr
  0.75CEYIX Calvert Equity PortfolioPairCorr
  0.76CEYRX Calvert EquityPairCorr
  0.93CFAIX Calvert ConservativePairCorr
  0.86CWVIX Calvert InternationalPairCorr
  0.9CWVGX Calvert InternationalPairCorr
  0.86CWVCX Calvert InternationalPairCorr
  0.88CFICX Calvert IncomePairCorr
  0.92CFJIX Calvert Large CapPairCorr
  0.75CFJAX Calvert Large CapPairCorr
  1.0CFOIX Calvert Floating RatePairCorr
  0.93CFWCX Calvert Global WaterPairCorr
  0.93CFWAX Calvert Global WaterPairCorr
  0.73CFWIX Calvert Global WaterPairCorr
  0.94CGAEX Calvert Global EnergyPairCorr
  0.63CGAFX Calvert Green BondPairCorr
  0.92CGACX Calvert Global EnergyPairCorr
  0.67CGBIX Calvert Green BondPairCorr
  0.95CGJAX Calvert Large CapPairCorr
  0.92CGJIX Calvert Large CapPairCorr
  0.95CGLIX Calvert Global EquityPairCorr
  0.95CGLAX Calvert Global EquityPairCorr
  0.74CYBAX Calvert High YieldPairCorr
  0.96CYBRX Calvert High YieldPairCorr
  0.8CYBIX Calvert High YieldPairCorr
  0.72CHBCX 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 Floating-rate 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 Floating-rate'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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