Calvert Emerging Correlations

CMERX Fund

USD 11.64 0.01 0.09%

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.

Modest diversification

The correlation between Calvert Emerging Markets and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets and NYA 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 Emerging Markets. 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 metropolitan statistical area.

Moving together with Calvert Mutual Fund

0.84	VGTSX	Vanguard Total Inter	Pair Corr
0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.84	VTSNX	Vanguard Total Inter	Pair Corr
0.84	VTPSX	Vanguard Total Inter	Pair Corr
0.84	VTISX	Vanguard Total Inter	Pair Corr
0.83	VTMGX	Vanguard Developed	Pair Corr
0.83	VDVIX	Vanguard Developed	Pair Corr
0.83	VTMNX	Vanguard Developed	Pair Corr
0.83	VDIPX	Vanguard Developed	Pair Corr
0.81	FSPSX	Fidelity International	Pair Corr
0.62	NHS	Neuberger Berman High	Pair Corr
0.67	PFE	Pfizer Inc Financial Report 6th of August 2024	Pair Corr

Related Correlations Analysis

	CHASX	HSUAX	WPRSX	FFCGX	TRSAX	HRATX	LGLSX
CHASX		0.57	0.47	0.93	0.87	0.94	0.69	CHASX
HSUAX	0.57		0.78	0.77	0.8	0.73	0.9	HSUAX
WPRSX	0.47	0.78		0.62	0.71	0.59	0.81	WPRSX
FFCGX	0.93	0.77	0.62		0.91	0.99	0.8	FFCGX
TRSAX	0.87	0.8	0.71	0.91		0.91	0.92	TRSAX
HRATX	0.94	0.73	0.59	0.99	0.91		0.78	HRATX
LGLSX	0.69	0.9	0.81	0.8	0.92	0.78		LGLSX
	CHASX	HSUAX	WPRSX	FFCGX	TRSAX	HRATX	LGLSX

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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
CHASX	0.72	0.09	0.11	0.10	0.64	(0.90)	1.77	(1.35)	3.54
HSUAX	0.80	0.01	0.01	0.02	0.94	(0.83)	1.86	(1.77)	3.84
WPRSX	0.48	(0.01)	(0.02)	0.06	0.66	(0.55)	1.10	(1.12)	3.30
FFCGX	0.53	0.03	0.05	0.04	0.56	(0.61)	1.15	(1.00)	2.81
TRSAX	0.72	0.08	0.09	0.10	0.76	(0.81)	1.78	(1.59)	4.14
HRATX	0.44	0.04	0.07	0.06	0.45	(0.53)	0.94	(0.95)	2.34
LGLSX	0.98	0.03	0.03	0.04	1.09	(1.12)	2.48	(1.95)	5.88

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Calvert Emerging Correlations

Modest diversification

Moving together with Calvert Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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