Calvert Tax Free Responsible Fund Probability of Future Mutual Fund Price Finishing Over 16.15
| CTTCX Fund | USD 15.44 0.06 0.39% |
Calvert |
Calvert Tax Target Price Odds to finish over 16.15
The tendency of Calvert Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 16.15 or more in 90 days |
| 15.44 | 90 days | 16.15 | near 1 |
Based on a normal probability distribution, the odds of Calvert Tax to move over $ 16.15 or more in 90 days from now is near 1 (This Calvert Tax Free Responsible probability density function shows the probability of Calvert Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Calvert Tax Free price to stay between its current price of $ 15.44 and $ 16.15 at the end of the 90-day period is about 42.07 .
Assuming the 90 days horizon Calvert Tax Free Responsible has a beta of -0.0822 suggesting as returns on the benchmark increase, returns on holding Calvert Tax are expected to decrease at a much lower rate. During a bear market, however, Calvert Tax Free Responsible is likely to outperform the market. Additionally Calvert Tax Free Responsible has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Calvert Tax Price Density |
| Price |
Predictive Modules for Calvert Tax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calvert Tax Free. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Tax'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 Tax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Calvert Tax is not an exception. The market had few large corrections towards the Calvert Tax's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Calvert Tax Free Responsible, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Calvert Tax within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0063 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.49 |
Calvert Tax Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Calvert Tax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Calvert Tax Free can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Calvert Tax Free generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Calvert Tax Free holds about 97.77% of its assets under management (AUM) in fixed income securities |
Calvert Tax Technical Analysis
Calvert Tax's future price can be derived by breaking down and analyzing its technical indicators over time. Calvert Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Calvert Tax Free Responsible. In general, you should focus on analyzing Calvert Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Calvert Tax Predictive Forecast Models
Calvert Tax's time-series forecasting models is one of many Calvert Tax's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Calvert Tax's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Calvert Tax Free
Checking the ongoing alerts about Calvert Tax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Calvert Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Calvert Tax Free generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Calvert Tax Free holds about 97.77% of its assets under management (AUM) in fixed income securities |
Other Information on Investing in Calvert Mutual Fund
Calvert Tax 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 Tax security.
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