Calvert Floating Rate Advantage Fund Market Value
| CFOAX Fund | USD 9.00 0.01 0.11% |
| Symbol | Calvert |
Calvert Floating-rate '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 Floating-rate'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 Floating-rate.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Calvert Floating-rate on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Calvert Floating Rate Advantage or generate 0.0% return on investment in Calvert Floating-rate over 540 days. Calvert Floating-rate is related to or competes with Federated Ultrashort, Ultra-short Fixed, Franklin Federal, Sterling Capital, Aqr Long-short, Old Westbury, and Vanguard Institutional. Under normal circumstances, the fund invests at least 80 percent of its net assets in income producing floating rate loa... More
Calvert Floating-rate 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 Floating-rate'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 Floating Rate Advantage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.62) | |||
| Maximum Drawdown | 0.7964 | |||
| Potential Upside | 0.114 |
Calvert Floating-rate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Floating-rate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Floating-rate's standard deviation. In reality, there are many statistical measures that can use Calvert Floating-rate historical prices to predict the future Calvert Floating-rate's volatility.| Risk Adjusted Performance | 0.171 | |||
| Jensen Alpha | 0.0277 | |||
| Total Risk Alpha | 0.0083 | |||
| Treynor Ratio | 2.07 |
Calvert Floating Rate Backtested Returns
At this stage we consider Calvert Mutual Fund to be very steady. Calvert Floating Rate secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty technical indicators for Calvert Floating Rate Advantage, which you can use to evaluate the volatility of the entity. Please confirm Calvert Floating-rate's Risk Adjusted Performance of 0.171, mean deviation of 0.0724, and Standard Deviation of 0.1396 to double-check if the risk estimate we provide is consistent with the expected return of 0.0285%. The fund shows a Beta (market volatility) of 0.0142, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calvert Floating-rate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Floating-rate is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
Calvert Floating Rate Advantage has excellent predictability. Overlapping area represents the amount of predictability between Calvert Floating-rate time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Floating Rate price movement. The serial correlation of 0.97 indicates that 97.0% of current Calvert Floating-rate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Calvert Floating Rate lagged returns against current returns
Autocorrelation, which is Calvert Floating-rate 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 Floating-rate's mutual fund expected returns. We can calculate the autocorrelation of Calvert Floating-rate returns to help us make a trade decision. For example, suppose you find that Calvert Floating-rate 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 Floating-rate 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 Floating-rate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Floating-rate 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 Floating-rate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Floating-rate Lagged Returns
When evaluating Calvert Floating-rate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Floating-rate mutual fund have on its future price. Calvert Floating-rate 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 Floating-rate autocorrelation shows the relationship between Calvert Floating-rate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Floating Rate Advantage.
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 Floating-rate 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 Floating-rate security.
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