Calvert International Correlations

Mutual Funds . USA . 
Fund . Calvert International Equity
CIESX Fund  USD 27.00  0.35  1.28%   
The current 90-days correlation between Calvert International and Pimco Energy Tactical is 0.46 (i.e., Very weak diversification). The correlation of Calvert International 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 International Correlation With Market

Poor diversification

The correlation between Calvert International Equity and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert International Equity 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 International Equity. 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 state.

Moving together with Calvert Mutual Fund

  0.99CDHIX Calvert Developed MarketPairCorr
  0.96CVMAX Calvert Emerging MarketsPairCorr
  0.95CEFAX Calvert Emerging MarketsPairCorr
  0.65CEMAX Calvert Emerging MarketsPairCorr
  0.76CFICX Calvert IncomePairCorr
  0.92CFOIX Calvert Floating RatePairCorr
  0.91CFOAX Calvert Floating RatePairCorr
  0.93CGJAX Calvert Large CapPairCorr
  0.96CYBAX Calvert High YieldPairCorr
  0.95CYBRX 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 International 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 International'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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