Calvert Global Correlations
| CGLIX Fund | 17.03 0.07 0.41% |
The correlation of Calvert Global 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calvert Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calvert Global Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Calvert Global Equity and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Global Equity and NYA in the same portfolio, assuming nothing else is changed.
Calvert |
The ability to find closely correlated positions to Calvert Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calvert Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calvert Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calvert Global Equity to buy it.
Moving together with Calvert Mutual Fund
| 0.77 | DFGEX | Dfa Global Real | PairCorr |
| 0.82 | VGRNX | Vanguard Global Ex | PairCorr |
| 0.85 | DFITX | Dfa International Real | PairCorr |
| 0.74 | VGRLX | Vanguard Global Ex | PairCorr |
| 0.81 | PGRKX | Global Real Estate | PairCorr |
| 0.82 | PGRUX | Global Real Estate | PairCorr |
| 0.81 | PGRVX | Global Real Estate | PairCorr |
| 0.65 | MGLAX | Mfs Global Real | PairCorr |
| 0.66 | MGLIX | Mfs Global Real | PairCorr |
| 0.74 | BCAAX | Brandywineglobal C | PairCorr |
| 1.0 | CGLAX | Calvert Global Equity | PairCorr |
| 0.87 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.82 | GAB | Gabelli Equity Trust | PairCorr |
| 0.8 | FFAFX | American Funds | PairCorr |
| 0.9 | JQLGX | Multimanager Lifestyle | PairCorr |
Moving against Calvert Mutual Fund
| 0.91 | USPSX | Profunds Ultrashort | PairCorr |
| 0.9 | USPIX | Profunds Ultrashort | PairCorr |
| 0.75 | UIPIX | Ultrashort Mid Cap Steady Growth | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Calvert Mutual Fund performing well and Calvert Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGRLX | 0.56 | 0.01 | 0.01 | 0.03 | 0.58 | 1.25 | 4.14 | |||
| 444859BR2 | 0.71 | 0.15 | 0.09 | (0.45) | 1.03 | 1.73 | 8.02 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.17 | 0.29 | 0.00 | 4.80 | 0.00 | 2.12 | 35.79 | |||
| MSTSX | 0.47 | 0.01 | 0.01 | 0.04 | 0.66 | 0.90 | 3.08 | |||
| ABHYX | 0.14 | (0.01) | (0.10) | (0.05) | 0.18 | 0.34 | 1.14 | |||
| VIASP | 1.30 | 0.32 | 0.15 | 0.22 | 1.69 | 3.96 | 13.41 | |||
| RRTLX | 0.26 | 0.03 | 0.01 | 0.29 | 0.22 | 0.59 | 1.36 | |||
| XTWO | 0.10 | (0.01) | (0.17) | (0.03) | 0.12 | 0.19 | 1.31 | |||
| DREQX | 0.73 | 0.08 | 0.06 | 2.46 | 0.80 | 1.63 | 4.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Calvert Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
Already Invested in Calvert Global Equity?
The danger of trading Calvert Global Equity is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Calvert Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Calvert Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calvert Global Equity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calvert Global Equity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.