Calvert Conservative Allocation Fund Market Value
| CCLAX Fund | USD 17.08 0.02 0.12% |
| Symbol | Calvert |
Calvert Conservative '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 Conservative'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 Conservative.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Calvert Conservative on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert Conservative Allocation or generate 0.0% return on investment in Calvert Conservative over 30 days. Calvert Conservative is related to or competes with Calvert Moderate, Calvert Aggressive, Calvert Small, Calvert Balanced, and Calvert Us. The fund is a fund of funds that seeks to achieve its investment objectives by primarily allocating its assets among und... More
Calvert Conservative 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 Conservative'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 Conservative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5039 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.5882 |
Calvert Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Conservative's standard deviation. In reality, there are many statistical measures that can use Calvert Conservative historical prices to predict the future Calvert Conservative's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Conservative'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 Conservative Backtested Returns
We consider Calvert Conservative very steady. Calvert Conservative secures Sharpe Ratio (or Efficiency) of 0.0066, which signifies that the fund had a 0.0066% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calvert Conservative Allocation, which you can use to evaluate the volatility of the entity. Please confirm Calvert Conservative's Downside Deviation of 0.5039, risk adjusted performance of 0.0109, and Mean Deviation of 0.3052 to double-check if the risk estimate we provide is consistent with the expected return of 0.0028%. The fund shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calvert Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Conservative is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Calvert Conservative Allocation has modest predictability. Overlapping area represents the amount of predictability between Calvert Conservative time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Conservative price movement. The serial correlation of 0.52 indicates that about 52.0% of current Calvert Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Calvert Conservative lagged returns against current returns
Autocorrelation, which is Calvert Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Calvert Conservative returns to help us make a trade decision. For example, suppose you find that Calvert Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Conservative Lagged Returns
When evaluating Calvert Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Conservative mutual fund have on its future price. Calvert Conservative 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 Conservative autocorrelation shows the relationship between Calvert Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Conservative Allocation.
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 Conservative 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 Conservative's short interest history, or implied volatility extrapolated from Calvert Conservative options trading.
Pair Trading with Calvert Conservative
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 Conservative 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 Conservative will appreciate offsetting losses from the drop in the long position's value.Moving together with Calvert Mutual Fund
| 0.85 | CDICX | Calvert Short Duration | PairCorr |
| 1.0 | CFAIX | Calvert Conservative | PairCorr |
| 0.9 | CWVGX | Calvert International | PairCorr |
| 0.88 | CGAEX | Calvert Global Energy | PairCorr |
| 0.63 | CGAFX | Calvert Green Bond | PairCorr |
The ability to find closely correlated positions to Calvert Conservative 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 Conservative 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 Conservative - 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 Conservative Allocation to buy it.
The correlation of Calvert Conservative 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 Conservative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calvert Conservative 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 Conservative 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 Conservative Correlation, Calvert Conservative Volatility and Calvert Conservative Alpha and Beta module to complement your research on Calvert Conservative. Note that the Calvert Conservative information on this page should be used as a complementary analysis to other Calvert Conservative'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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Calvert Conservative 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.