Calvert Developed Market Fund Market Value
| CDHIX Fund | USD 30.87 0.32 1.03% |
| Symbol | Calvert |
Calvert Developed '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 Developed'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 Developed.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Calvert Developed on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert Developed Market or generate 0.0% return on investment in Calvert Developed over 30 days. Calvert Developed is related to or competes with Calvert Large, Calvert Large, Calvert Mid, Calvert Short, and Calvert Small. The fund will normally invest at least 95 percent of its net assets, including borrowings for investment purposes, in se... More
Calvert Developed 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 Developed'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 Developed Market upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7353 | |||
| Information Ratio | 0.0262 | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.04 |
Calvert Developed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Developed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Developed's standard deviation. In reality, there are many statistical measures that can use Calvert Developed historical prices to predict the future Calvert Developed's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.0186 | |||
| Total Risk Alpha | 0.0172 | |||
| Sortino Ratio | 0.0246 | |||
| Treynor Ratio | 0.0277 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Developed'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 Developed Market Backtested Returns
We consider Calvert Developed very steady. Calvert Developed Market secures Sharpe Ratio (or Efficiency) of 0.0516, which signifies that the fund had a 0.0516% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calvert Developed Market, which you can use to evaluate the volatility of the entity. Please confirm Calvert Developed's Risk Adjusted Performance of 0.0331, mean deviation of 0.5371, and Downside Deviation of 0.7353 to double-check if the risk estimate we provide is consistent with the expected return of 0.0356%. The fund shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Calvert Developed returns are very sensitive to returns on the market. As the market goes up or down, Calvert Developed is expected to follow.
Auto-correlation | 0.46 |
Average predictability
Calvert Developed Market has average predictability. Overlapping area represents the amount of predictability between Calvert Developed time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 Developed Market price movement. The serial correlation of 0.46 indicates that about 46.0% of current Calvert Developed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Calvert Developed Market lagged returns against current returns
Autocorrelation, which is Calvert Developed 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 Developed's mutual fund expected returns. We can calculate the autocorrelation of Calvert Developed returns to help us make a trade decision. For example, suppose you find that Calvert Developed 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 Developed 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 Developed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Developed 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 Developed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Developed Lagged Returns
When evaluating Calvert Developed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Developed mutual fund have on its future price. Calvert Developed 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 Developed autocorrelation shows the relationship between Calvert Developed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Developed Market.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Calvert Mutual Fund
Calvert Developed financial ratios help investors to determine whether Calvert Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Calvert with respect to the benefits of owning Calvert Developed security.
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