Calvert Capital Accumulation Fund Market Value
| CCAFX Fund | USD 35.52 0.30 0.85% |
| Symbol | Calvert |
Calvert Capital '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 Capital'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 Capital.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Calvert Capital on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert Capital Accumulation or generate 0.0% return on investment in Calvert Capital over 30 days. Calvert Capital is related to or competes with Government Street, Federated Mdt, Janus Enterprise, Victory Integrity, and Virtus Kar. The fund normally invests at least 80 percent of its net assets, including borrowings for investment purposes, in common... More
Calvert Capital 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 Capital'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 Capital Accumulation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.837 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.07 |
Calvert Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Capital's standard deviation. In reality, there are many statistical measures that can use Calvert Capital historical prices to predict the future Calvert Capital's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Capital'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 Capital Accu Backtested Returns
We consider Calvert Capital very steady. Calvert Capital Accu secures Sharpe Ratio (or Efficiency) of 0.0346, which signifies that the fund had a 0.0346% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calvert Capital Accumulation, which you can use to evaluate the volatility of the entity. Please confirm Calvert Capital's Downside Deviation of 0.837, mean deviation of 0.6113, and Risk Adjusted Performance of 0.0257 to double-check if the risk estimate we provide is consistent with the expected return of 0.0268%. The fund shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Calvert Capital will likely underperform.
Auto-correlation | 0.43 |
Average predictability
Calvert Capital Accumulation has average predictability. Overlapping area represents the amount of predictability between Calvert Capital time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Capital Accu price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Calvert Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Calvert Capital Accu lagged returns against current returns
Autocorrelation, which is Calvert Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Calvert Capital returns to help us make a trade decision. For example, suppose you find that Calvert Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Capital Lagged Returns
When evaluating Calvert Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Capital mutual fund have on its future price. Calvert Capital 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 Capital autocorrelation shows the relationship between Calvert Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Capital Accumulation.
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 Capital 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 Capital's short interest history, or implied volatility extrapolated from Calvert Capital options trading.
Pair Trading with Calvert Capital
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 Capital 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 Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Calvert Mutual Fund
| 0.95 | CDHIX | Calvert Developed Market | PairCorr |
| 0.95 | CDHAX | Calvert Developed Market | PairCorr |
| 0.65 | CDICX | Calvert Short Duration | PairCorr |
| 0.95 | CDHRX | Calvert International | PairCorr |
| 0.71 | CDSIX | Calvert Short Duration | PairCorr |
The ability to find closely correlated positions to Calvert Capital 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 Capital 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 Capital - 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 Capital Accumulation to buy it.
The correlation of Calvert Capital 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 Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calvert Capital Accu 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 Capital 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 Capital Correlation, Calvert Capital Volatility and Calvert Capital Alpha and Beta module to complement your research on Calvert Capital. Note that the Calvert Capital Accu information on this page should be used as a complementary analysis to other Calvert Capital'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Calvert Capital 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.