Correlation Between Extended Market and Calvert Emerging
Can any of the company-specific risk be diversified away by investing in both Extended Market and Calvert Emerging 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 Extended Market and Calvert Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Extended Market Index and Calvert Emerging Markets, you can compare the effects of market volatilities on Extended Market and Calvert Emerging 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 Extended Market with a short position of Calvert Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Extended Market and Calvert Emerging.
Diversification Opportunities for Extended Market and Calvert Emerging
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Extended and Calvert is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Extended Market Index and Calvert Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Emerging Markets and Extended Market 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 Extended Market Index are associated (or correlated) with Calvert Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Emerging Markets has no effect on the direction of Extended Market i.e., Extended Market and Calvert Emerging go up and down completely randomly.
Pair Corralation between Extended Market and Calvert Emerging
If you would invest 1,996 in Extended Market Index on May 26, 2025 and sell it today you would earn a total of 185.00 from holding Extended Market Index or generate 9.27% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Extended Market Index vs. Calvert Emerging Markets
Performance |
| Timeline |
| Extended Market Index |
| Calvert Emerging Markets |
Risk-Adjusted Performance
Weak
Weak | Strong |
Extended Market and Calvert Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Extended Market and Calvert Emerging
The main advantage of trading using opposite Extended Market and Calvert Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Extended Market position performs unexpectedly, Calvert Emerging 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 Calvert Emerging will offset losses from the drop in Calvert Emerging's long position.| Extended Market vs. Chase Growth Fund | Extended Market vs. Multimanager Lifestyle Growth | Extended Market vs. Morningstar Growth Etf | Extended Market vs. Auer Growth Fund |
| Calvert Emerging vs. Ab Bond Inflation | Calvert Emerging vs. Versatile Bond Portfolio | Calvert Emerging vs. T Rowe Price | Calvert Emerging vs. Scout E Bond |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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