Calvert Emerging Correlations
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 |
Moving together with Calvert Mutual Fund
| 0.98 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.98 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.98 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.98 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.98 | FWWNX | American Funds New | PairCorr |
| 0.98 | FNFWX | American Funds New | PairCorr |
| 0.98 | NEWFX | New World Fund | PairCorr |
| 0.98 | NWFFX | New World Fund | PairCorr |
| 0.98 | NEWCX | New World Fund | PairCorr |
| 0.98 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.9 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.9 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.97 | FELIX | Fidelity Advisor Sem | PairCorr |
| 0.94 | ONERX | One Rock Fund | PairCorr |
| 0.96 | RYVYX | Nasdaq 100 2x | PairCorr |
| 0.96 | RYVLX | Nasdaq 100 2x | PairCorr |
| 0.97 | FSELX | Fidelity Select Semi | PairCorr |
| 0.72 | AXP | American Express | PairCorr |
| 0.73 | BAC | Bank of America | PairCorr |
| 0.73 | JNJ | Johnson Johnson | PairCorr |
| 0.71 | WMT | Walmart | PairCorr |
| 0.78 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
Moving against Calvert Mutual Fund
| 0.67 | DIS | Walt Disney | PairCorr |
| 0.64 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.42 | CEE | Central Europe Russia | PairCorr |
| 0.4 | PG | Procter Gamble Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FTIXX | ||
| 0.0 | 0.85 | 0.0 | 0.83 | 0.99 | 0.83 | VFAIX | ||
| 0.0 | 0.85 | 0.0 | 0.66 | 0.86 | 0.73 | SBFAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MCBXX | ||
| 0.0 | 0.83 | 0.66 | 0.0 | 0.76 | 0.94 | GCFSX | ||
| 0.0 | 0.99 | 0.86 | 0.0 | 0.76 | 0.78 | FNPIX | ||
| 0.0 | 0.83 | 0.73 | 0.0 | 0.94 | 0.78 | ICFAX | ||
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VFAIX | 0.63 | 0.00 | 0.00 | 0.07 | 0.00 | 1.31 | 4.92 | |||
| SBFAX | 0.64 | (0.07) | 0.00 | 0.35 | 0.00 | 1.36 | 5.79 | |||
| MCBXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCFSX | 0.58 | 0.05 | (0.01) | (0.38) | 0.60 | 1.37 | 4.17 | |||
| FNPIX | 0.91 | (0.01) | 0.00 | 0.08 | 0.00 | 1.66 | 6.62 | |||
| ICFAX | 0.68 | 0.06 | (0.01) | (0.13) | 0.66 | 1.54 | 4.01 |