Calvert Ultra Short Income Fund Market Value
| CULAX Fund | USD 9.90 0.01 0.10% |
| Symbol | Calvert |
Calvert Ultra '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 Ultra'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 Ultra.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Calvert Ultra on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Calvert Ultra Short Income or generate 0.0% return on investment in Calvert Ultra over 720 days. Calvert Ultra is related to or competes with Calvert Short, Calvert Bond, Calvert Balanced, Calvert Long, and Calvert Large. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
Calvert Ultra 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 Ultra'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 Ultra Short Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1081 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 0.5083 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1011 |
Calvert Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Ultra's standard deviation. In reality, there are many statistical measures that can use Calvert Ultra historical prices to predict the future Calvert Ultra's volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.06) |
Calvert Ultra Short Backtested Returns
At this stage we consider Calvert Mutual Fund to be very steady. Calvert Ultra Short secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Calvert Ultra Short Income, which you can use to evaluate the volatility of the entity. Please confirm Calvert Ultra's Risk Adjusted Performance of 0.0173, mean deviation of 0.0431, and Coefficient Of Variation of 793.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0111%. The fund shows a Beta (market volatility) of -0.013, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Calvert Ultra are expected to decrease at a much lower rate. During the bear market, Calvert Ultra is likely to outperform the market.
Auto-correlation | 0.98 |
Excellent predictability
Calvert Ultra Short Income has excellent predictability. Overlapping area represents the amount of predictability between Calvert Ultra time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Ultra Short price movement. The serial correlation of 0.98 indicates that 98.0% of current Calvert Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.98 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Calvert Ultra Short lagged returns against current returns
Autocorrelation, which is Calvert Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Calvert Ultra returns to help us make a trade decision. For example, suppose you find that Calvert Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Ultra Lagged Returns
When evaluating Calvert Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Ultra mutual fund have on its future price. Calvert Ultra 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 Ultra autocorrelation shows the relationship between Calvert Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Ultra Short Income.
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 Ultra 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 Ultra security.
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