Calvert Global Energy Fund Market Value
| CGAEX Fund | USD 11.10 0.16 1.46% |
| Symbol | Calvert |
Calvert Global '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 Global'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 Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Calvert Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert Global Energy or generate 0.0% return on investment in Calvert Global over 30 days. Calvert Global is related to or competes with Tax-managed, Aqr Large, Gmo Us, Enhanced, and Quantitative. The fund concentrates in the sustainable energy solutions industry and normally invests at least 80 percent of its net a... More
Calvert Global 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 Global'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 Global Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.56 |
Calvert Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Global's standard deviation. In reality, there are many statistical measures that can use Calvert Global historical prices to predict the future Calvert Global's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Global'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 Global Energy Backtested Returns
Calvert Global Energy secures Sharpe Ratio (or Efficiency) of -0.0042, which signifies that the fund had a -0.0042% return per unit of risk over the last 3 months. Calvert Global Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calvert Global's Standard Deviation of 0.963, risk adjusted performance of (0.01), and Mean Deviation of 0.7424 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calvert Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Global is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Calvert Global Energy has below average predictability. Overlapping area represents the amount of predictability between Calvert Global time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Global Energy price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Calvert Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Calvert Global Energy lagged returns against current returns
Autocorrelation, which is Calvert Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Calvert Global returns to help us make a trade decision. For example, suppose you find that Calvert Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Global Lagged Returns
When evaluating Calvert Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Global mutual fund have on its future price. Calvert Global 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 Global autocorrelation shows the relationship between Calvert Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Global Energy.
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 Global 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 Global security.
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