Calvert Global Energy Fund Market Value

CGACX Fund  USD 9.85  0.06  0.61%   
Calvert Global's market value is the price at which a share of Calvert Global trades on a public exchange. It measures the collective expectations of Calvert Global Energy investors about its performance. Calvert Global is trading at 9.85 as of the 24th of December 2024; that is 0.61 percent increase since the beginning of the trading day. The fund's open price was 9.79.
With this module, you can estimate the performance of a buy and hold strategy of Calvert Global Energy and determine expected loss or profit from investing in Calvert Global over a given investment horizon. Check out Calvert Global Correlation, Calvert Global Volatility and Calvert Global Alpha and Beta module to complement your research on Calvert Global.
Symbol

Please note, there is a significant difference between Calvert Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calvert Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calvert Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Calvert Global on November 24, 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 Calvert Developed, Calvert Developed, Calvert Short, Calvert International, Calvert Short, Calvert Short, and Calvert Emerging. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
8.979.8510.73
Details
Intrinsic
Valuation
LowRealHigh
9.109.9810.86
Details

Calvert Global Energy Backtested Returns

Calvert Global Energy secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Calvert Global Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calvert Global's Mean Deviation of 0.6826, risk adjusted performance of (0.1), and Standard Deviation of 0.8801 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.34, 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

    
  0.01  

Virtually no predictability

Calvert Global Energy has virtually no predictability. Overlapping area represents the amount of predictability between Calvert Global time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Global Energy price movement. The serial correlation of 0.01 indicates that just 1.0% of current Calvert Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.04

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  

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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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