Calvert Income Fund Market Value
| CFICX Fund | USD 14.48 0.06 0.41% |
| Symbol | Calvert |
Calvert Income 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Calvert Income's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Calvert Income.
| 10/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in Calvert Income on October 26, 2022 and sell it all today you would earn a total of 0.00 from holding Calvert Income Fund or generate 0.0% return on investment in Calvert Income over 540 days. Calvert Income is related to or competes with Dunham Real, Aew Real, Us Real, Msif Real, Jhancock Real, and Sa Real. The fund typically invests at least 65 percent of its net assets in investment grade, U.S More
Calvert Income Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Calvert Income's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Calvert Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4762 |
Calvert Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Income's standard deviation. In reality, there are many statistical measures that can use Calvert Income historical prices to predict the future Calvert Income's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Calvert Me Fund Backtested Returns
Calvert Me Fund secures Sharpe Ratio (or Efficiency) of -0.0351, which signifies that the fund had a -0.0351% return per unit of risk over the last 3 months. Calvert Income Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calvert Income's Standard Deviation of 0.3898, mean deviation of 0.2925, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calvert Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Income is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Calvert Income Fund has weak predictability. Overlapping area represents the amount of predictability between Calvert Income time series from 26th of October 2022 to 23rd of July 2023 and 23rd of July 2023 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Calvert Me Fund price movement. The serial correlation of 0.2 indicates that over 20.0% of current Calvert Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Calvert Me Fund lagged returns against current returns
Autocorrelation, which is Calvert Income mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Calvert Income's mutual fund expected returns. We can calculate the autocorrelation of Calvert Income returns to help us make a trade decision. For example, suppose you find that Calvert Income has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Calvert Income regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Calvert Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calvert Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Income Lagged Returns
When evaluating Calvert Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Income mutual fund have on its future price. Calvert Income autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Calvert Income autocorrelation shows the relationship between Calvert Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Income Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Calvert Income in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Calvert Income's short interest history, or implied volatility extrapolated from Calvert Income options trading.
Pair Trading with Calvert Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Calvert Income position performs unexpectedly, the other equity 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 Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Calvert Mutual Fund
| 0.78 | CDICX | Calvert Short Duration | PairCorr |
| 0.75 | CDSRX | Calvert Short Duration | PairCorr |
The ability to find closely correlated positions to Calvert Income 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 Income 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 Income - 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 Income Fund to buy it.
The correlation of Calvert Income 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 Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calvert Me Fund 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.
Correlation analysis and pair trading evaluation for Calvert Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Calvert Income Correlation, Calvert Income Volatility and Calvert Income Alpha and Beta module to complement your research on Calvert Income. Note that the Calvert Me Fund information on this page should be used as a complementary analysis to other Calvert Income's statistical models used 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Calvert Income technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.