Calvert High Yield Fund Market Value
| CYBIX Fund | USD 24.09 0.02 0.08% |
| Symbol | Calvert |
Calvert High '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 High'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 High.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in Calvert High on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert High Yield or generate 0.0% return on investment in Calvert High over 90 days. Calvert High is related to or competes with Vanguard High, Blackrock, American Funds, American Funds, and American High. Under normal circumstances, the fund invests at least 80 percent of its net assets in high-yield, high-risk bonds, also ... More
Calvert High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1727 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 0.9624 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.4179 |
Calvert High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert High's standard deviation. In reality, there are many statistical measures that can use Calvert High historical prices to predict the future Calvert High's volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.0061 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.1283 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert High'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 High Yield Backtested Returns
We consider Calvert High very steady. Calvert High Yield secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Calvert High Yield, which you can use to evaluate the volatility of the entity. Please confirm Calvert High's Risk Adjusted Performance of 0.0675, coefficient of variation of 679.38, and Mean Deviation of 0.1487 to double-check if the risk estimate we provide is consistent with the expected return of 0.031%. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calvert High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert High is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Calvert High Yield has modest predictability. Overlapping area represents the amount of predictability between Calvert High time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th of May 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 High Yield price movement. The serial correlation of 0.55 indicates that about 55.0% of current Calvert High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Calvert High Yield lagged returns against current returns
Autocorrelation, which is Calvert High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Calvert High returns to help us make a trade decision. For example, suppose you find that Calvert High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert High Lagged Returns
When evaluating Calvert High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert High mutual fund have on its future price. Calvert High 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 High autocorrelation shows the relationship between Calvert High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert High Yield.
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.Check out Calvert High Correlation, Calvert High Volatility and Calvert High Alpha and Beta module to complement your research on Calvert High. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Calvert High 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.