Calvert Income Fund Probability Of Bankruptcy

CFICX Fund  USD 14.92  0.04  0.27%   
Calvert Income's odds of distress is below 50% at this time. It has small probability of experiencing financial crunch in the next few years. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Calvert balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Calvert Income Piotroski F Score and Calvert Income Altman Z Score analysis.
  

Calvert Probability Of Bankruptcy Analysis

Calvert Income's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

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Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Calvert Income Probability Of Bankruptcy

    
  Less than 44%  
Most of Calvert Income's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Calvert Income Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Calvert Income probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Calvert Income odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Calvert Income Fund financial health.
Please note, there is a significant difference between Calvert Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calvert Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calvert Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition

Calvert Income Probability Of Bankruptcy Component Assessment

Based on the latest financial disclosure, Calvert Income Fund has a Probability Of Bankruptcy of 44.0%. This is much higher than that of the Category family and significantly higher than that of the Corporate Bond category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.

Calvert Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Calvert Income's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Calvert Income could also be used in its relative valuation, which is a method of valuing Calvert Income by comparing valuation metrics of similar companies.
Calvert Income is currently under evaluation in probability of bankruptcy among similar funds.

Calvert Fundamentals

About Calvert Income Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Calvert Income Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Calvert Income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Calvert Income Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The fund typically invests at least 65 percent of its net assets in investment grade, U.S. dollar-denominated debt securities, as assessed at the time of purchase. Calvert Income is traded on NASDAQ Exchange in the United States.

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

  0.89VICSX Vanguard Intermediate-terPairCorr
  0.9VFICX Vanguard IntermediatePairCorr
  0.9VFIDX Vanguard Intermediate-terPairCorr
  0.89VICBX Vanguard Intermediate-terPairCorr
  0.95PBDPX Pimco Investment GradePairCorr
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 Income 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.
Pair CorrelationCorrelation Matching
Check out Calvert Income Piotroski F Score and Calvert Income Altman Z Score analysis.
Note that the Calvert Income 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Calvert Mutual Fund analysis

When running Calvert Income's price analysis, check to measure Calvert Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calvert Income is operating at the current time. Most of Calvert Income's value examination focuses on studying past and present price action to predict the probability of Calvert Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calvert Income's price. Additionally, you may evaluate how the addition of Calvert Income to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Calvert Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calvert Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calvert Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.