Calvert Global Correlations

Mutual Funds . USA . 
Fund . Calvert Global Water
CFWIX Fund  USD 29.31  0.14  0.48%   
The current 90-days correlation between Calvert Global Water and Calvert Global Water is 0.05 (i.e., Significant diversification). The correlation of Calvert Global 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 Global Correlation With Market

Very poor diversification

The correlation between Calvert Global Water and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Water 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 Global Water. 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 gross domestic product.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.96CDHAX Calvert Developed MarketPairCorr
  0.63CDICX Calvert Short DurationPairCorr
  0.96CDHRX Calvert InternationalPairCorr
  0.73CDSRX Calvert Short DurationPairCorr
  0.73CDSIX Calvert Short DurationPairCorr
  0.95CVMAX Calvert Emerging MarketsPairCorr
  0.99CVMRX Calvert Emerging MarketsPairCorr
  0.99CVMIX Calvert Emerging MarketsPairCorr
  0.99CVMCX Calvert Emerging MarketsPairCorr
  0.95CEFAX Calvert Emerging MarketsPairCorr
  0.95CEFIX Congressional EffectPairCorr
  0.94CEMCX Calvert Emerging MarketsPairCorr
  0.88CEMAX Calvert Emerging MarketsPairCorr
  0.96CEYIX Calvert Equity PortfolioPairCorr
  0.96CEYRX Calvert EquityPairCorr
  0.96CFAIX Calvert ConservativePairCorr
  0.99CWVIX Calvert InternationalPairCorr
  0.95CWVGX Calvert InternationalPairCorr
  0.99CWVCX Calvert InternationalPairCorr
  0.68CFICX Calvert IncomePairCorr
  0.93CFJIX Calvert Large CapPairCorr
  0.86CFJAX Calvert Large CapPairCorr
  0.88CFOIX Calvert Floating RatePairCorr
  0.81CFOAX Calvert Floating RatePairCorr
  0.96CFWCX Calvert Global WaterPairCorr
  0.96CFWAX Calvert Global WaterPairCorr
  0.98CGARX Calvert Responsible IndexPairCorr
  0.95CGAEX Calvert Global EnergyPairCorr
  0.99CGACX Calvert Global EnergyPairCorr
  0.92CGJAX Calvert Large CapPairCorr
  0.96CGJIX Calvert Large CapPairCorr
  0.94CGLIX Calvert Global EquityPairCorr
  0.89CGLAX Calvert Global EquityPairCorr
  0.95CYBAX Calvert High YieldPairCorr
  0.95CYBRX Calvert High YieldPairCorr
  0.98CYBIX 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 Global 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 Global'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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