Calvert Ultra Short Income Fund Quote
| CULAX Fund | USD 9.85 0.00 0.00% |
Performance18 of 100
| Odds Of DistressLess than 16
|
Calvert Ultra-short is trading at 9.85 as of the 23rd of April 2024; that is No Change since the beginning of the trading day. The fund's open price was 9.85. Calvert Ultra-short has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Calvert Ultra Short Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in a portfolio of floating-rate securities and securities with durations of less than or equal to one year. The manager generally defines ultra-short duration securities as those with durations of less than or equal to one year.. More on Calvert Ultra Short Income
Moving together with Calvert Mutual Fund
| 0.74 | CDHIX | Calvert Developed Market | PairCorr |
| 0.74 | CDHAX | Calvert Developed Market | PairCorr |
| 0.74 | CDHRX | Calvert International | PairCorr |
| 0.7 | CDSRX | Calvert Short Duration | PairCorr |
| 0.7 | CDSIX | Calvert Short Duration | PairCorr |
| 0.84 | CVMAX | Calvert Emerging Markets | PairCorr |
Calvert Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Calvert Ultra-short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Calvert Ultra-short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Calvert Research and Management Funds, Large Funds, Ultrashort Bond Funds, Ultrashort Bond, Calvert Research and Management (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of February 2023 |
| Fiscal Year End | September |
Calvert Ultra Short Income [CULAX] is traded in USA and was established 23rd of April 2024. Calvert Ultra-short is listed under Calvert Research and Management category by Fama And French industry classification. The fund is listed under Ultrashort Bond category and is part of Calvert Research and Management family. This fund currently has accumulated 985.9 M in assets under management (AUM) with no minimum investment requirementsCalvert Ultra Short is currently producing year-to-date (YTD) return of 1.57% with the current yeild of 0.0%, while the total return for the last 3 years was 2.45%.
Check Calvert Ultra-short Probability Of Bankruptcy
Instrument Allocation
Calvert Ultra-short Target Price Odds Analysis
Based on a normal probability distribution, the odds of Calvert Ultra-short jumping above the current price in 90 days from now is about 13.27%. The Calvert Ultra Short Income probability density function shows the probability of Calvert Ultra-short mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Calvert Ultra-short has a beta of 0.0109 suggesting as returns on the market go up, Calvert Ultra-short average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Calvert Ultra Short Income will be expected to be much smaller as well. Additionally, calvert Ultra Short Income has an alpha of 0.0093, implying that it can generate a 0.009349 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Calvert Ultra-short to move above the current price in 90 days from now is about 13.27 (This Calvert Ultra Short Income probability density function shows the probability of Calvert Mutual Fund to fall within a particular range of prices over 90 days) .
Calvert Ultra Short Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Calvert Ultra-short market risk premium is the additional return an investor will receive from holding Calvert Ultra-short long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Calvert Ultra-short. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Calvert Ultra-short's alpha and beta are two of the key measurements used to evaluate Calvert Ultra-short's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0404 | |||
| Standard Deviation | 0.0883 | |||
| Variance | 0.0078 | |||
| Risk Adjusted Performance | 0.0805 |
Calvert Ultra-short Against Markets
Picking the right benchmark for Calvert Ultra-short mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Calvert Ultra-short mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Calvert Ultra-short is critical whether you are bullish or bearish towards Calvert Ultra Short Income at a given time. Please also check how Calvert Ultra-short's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Calvert Ultra-short without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Calvert Mutual Fund?
Before investing in Calvert Ultra-short, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Calvert Ultra-short. To buy Calvert Ultra-short fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Calvert Ultra-short. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Calvert Ultra-short fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Calvert Ultra Short Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Calvert Ultra Short Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Calvert Ultra Short Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Calvert Ultra Short Income?
The danger of trading Calvert Ultra Short Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Calvert Ultra-short is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Calvert Ultra-short. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calvert Ultra Short is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calvert Ultra Short Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Calvert Ultra Short information on this page should be used as a complementary analysis to other Calvert Ultra-short'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.