Calvert Responsible Index Fund Market Value
| CGARX Fund | USD 28.47 0.06 0.21% |
| Symbol | Calvert |
Calvert Responsible '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 Responsible'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 Responsible.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Calvert Responsible on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Calvert Responsible Index or generate 0.0% return on investment in Calvert Responsible over 360 days. Calvert Responsible is related to or competes with Calvert Developed, Calvert Developed, Calvert Short, Calvert International, Calvert Short, Calvert Short, and Calvert Emerging. The fund is a fund of funds that seeks to achieve its investment objective by primarily allocating its assets among unde... More
Calvert Responsible 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 Responsible'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 Responsible Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6196 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.06 |
Calvert Responsible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Responsible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Responsible's standard deviation. In reality, there are many statistical measures that can use Calvert Responsible historical prices to predict the future Calvert Responsible's volatility.| Risk Adjusted Performance | 0.0736 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0762 |
Calvert Responsible Index Backtested Returns
At this stage we consider Calvert Mutual Fund to be very steady. Calvert Responsible Index secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calvert Responsible Index, which you can use to evaluate the volatility of the entity. Please confirm Calvert Responsible's Mean Deviation of 0.475, downside deviation of 0.6196, and Risk Adjusted Performance of 0.0736 to double-check if the risk estimate we provide is consistent with the expected return of 0.0787%. The fund shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calvert Responsible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Responsible is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Calvert Responsible Index has good predictability. Overlapping area represents the amount of predictability between Calvert Responsible time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Responsible Index price movement. The serial correlation of 0.77 indicates that around 77.0% of current Calvert Responsible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Calvert Responsible Index lagged returns against current returns
Autocorrelation, which is Calvert Responsible 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 Responsible's mutual fund expected returns. We can calculate the autocorrelation of Calvert Responsible returns to help us make a trade decision. For example, suppose you find that Calvert Responsible 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 Responsible 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 Responsible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Responsible 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 Responsible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Responsible Lagged Returns
When evaluating Calvert Responsible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Responsible mutual fund have on its future price. Calvert Responsible 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 Responsible autocorrelation shows the relationship between Calvert Responsible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Responsible Index.
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 Responsible 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 Responsible security.
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