Correlation Between Calvert Floating-rate and Dow Jones
Can any of the company-specific risk be diversified away by investing in both Calvert Floating-rate and Dow Jones at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Calvert Floating-rate and Dow Jones into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calvert Floating Rate Advantage and Dow Jones Industrial, you can compare the effects of market volatilities on Calvert Floating-rate and Dow Jones and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Calvert Floating-rate with a short position of Dow Jones. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calvert Floating-rate and Dow Jones.
Diversification Opportunities for Calvert Floating-rate and Dow Jones
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Calvert and Dow is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Floating Rate Advantag and Dow Jones Industrial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dow Jones Industrial and Calvert Floating-rate is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Calvert Floating Rate Advantage are associated (or correlated) with Dow Jones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dow Jones Industrial has no effect on the direction of Calvert Floating-rate i.e., Calvert Floating-rate and Dow Jones go up and down completely randomly.
Pair Corralation between Calvert Floating-rate and Dow Jones
If you would invest 4,221,573 in Dow Jones Industrial on May 29, 2025 and sell it today you would earn a total of 320,234 from holding Dow Jones Industrial or generate 7.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Calvert Floating Rate Advantag vs. Dow Jones Industrial
Performance |
| Timeline |
Calvert Floating-rate and Dow Jones Volatility Contrast
Predicted Return Density |
| Returns |
Calvert Floating Rate Advantage
Pair trading matchups for Calvert Floating-rate
Dow Jones Industrial
Pair trading matchups for Dow Jones
Pair Trading with Calvert Floating-rate and Dow Jones
The main advantage of trading using opposite Calvert Floating-rate and Dow Jones positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calvert Floating-rate position performs unexpectedly, Dow Jones can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dow Jones will offset losses from the drop in Dow Jones' long position.| Calvert Floating-rate vs. Edward Jones Money | Calvert Floating-rate vs. Franklin Government Money | Calvert Floating-rate vs. Schwab Government Money | Calvert Floating-rate vs. Tiaa Cref Life Money |
| Dow Jones vs. Thor Industries | Dow Jones vs. Highview Merger Corp | Dow Jones vs. BorgWarner | Dow Jones vs. Ferrari NV |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |