Calvert Green Bond Fund Market Value
| CGAFX Fund | USD 13.96 0.01 0.07% |
| Symbol | Calvert |
Calvert Green '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 Green'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 Green.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Calvert Green on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Calvert Green Bond or generate 0.0% return on investment in Calvert Green over 180 days. Calvert Green is related to or competes with Victory Incore, Advent Claymore, Columbia Convertible, Fidelity Convertible, Harbor Convertible, and Miller Convertible. Under normal circumstances, the fund invests at least 80 percent of its net assets in green bonds More
Calvert Green 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 Green'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 Green Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3534 |
Calvert Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Green's standard deviation. In reality, there are many statistical measures that can use Calvert Green historical prices to predict the future Calvert Green's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.58) |
Calvert Green Bond Backtested Returns
Calvert Green Bond secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the fund had a -0.1% return per unit of risk over the last 3 months. Calvert Green Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calvert Green's Standard Deviation of 0.2457, mean deviation of 0.1886, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0506, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calvert Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Green is expected to be smaller as well.
Auto-correlation | -0.84 |
Excellent reverse predictability
Calvert Green Bond has excellent reverse predictability. Overlapping area represents the amount of predictability between Calvert Green time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Green Bond price movement. The serial correlation of -0.84 indicates that around 84.0% of current Calvert Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Calvert Green Bond lagged returns against current returns
Autocorrelation, which is Calvert Green 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 Green's mutual fund expected returns. We can calculate the autocorrelation of Calvert Green returns to help us make a trade decision. For example, suppose you find that Calvert Green 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 Green 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 Green mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Green 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 Green mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Green Lagged Returns
When evaluating Calvert Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Green mutual fund have on its future price. Calvert Green 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 Green autocorrelation shows the relationship between Calvert Green mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Green Bond.
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 Green 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 Green security.
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