Calvert Tax Free Responsible Fund Market Value
| CTTCX Fund | USD 15.52 0.02 0.13% |
| Symbol | Calvert |
Calvert Tax '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 Tax'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 Tax.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Calvert Tax on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Calvert Tax Free Responsible or generate 0.0% return on investment in Calvert Tax over 480 days. Calvert Tax is related to or competes with Goldman Sachs, Federated Hermes, American Funds, Fidelity Sai, Ab Bond, Guggenheim Managed, and Ab Bond. Under normal market conditions, at least 80 percent of the income from the fund will be exempt from federal income tax More
Calvert Tax 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 Tax'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 Tax Free Responsible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.333 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3253 |
Calvert Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Tax's standard deviation. In reality, there are many statistical measures that can use Calvert Tax historical prices to predict the future Calvert Tax's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | 0.0514 |
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 Free Backtested Returns
At this stage we consider Calvert Mutual Fund to be very steady. Calvert Tax Free secures Sharpe Ratio (or Efficiency) of 0.014, which signifies that the fund had a 0.014% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calvert Tax Free Responsible, which you can use to evaluate the volatility of the entity. Please confirm Calvert Tax's Risk Adjusted Performance of (0.01), downside deviation of 0.333, and Mean Deviation of 0.1396 to double-check if the risk estimate we provide is consistent with the expected return of 0.0033%. The fund shows a Beta (market volatility) of -0.0942, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Calvert Tax are expected to decrease at a much lower rate. During the bear market, Calvert Tax is likely to outperform the market.
Auto-correlation | 0.79 |
Good predictability
Calvert Tax Free Responsible has good predictability. Overlapping area represents the amount of predictability between Calvert Tax time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Tax Free price movement. The serial correlation of 0.79 indicates that around 79.0% of current Calvert Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Calvert Tax Free lagged returns against current returns
Autocorrelation, which is Calvert Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Calvert Tax returns to help us make a trade decision. For example, suppose you find that Calvert Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Tax Lagged Returns
When evaluating Calvert Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Tax mutual fund have on its future price. Calvert Tax 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 Tax autocorrelation shows the relationship between Calvert Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Tax Free Responsible.
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 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.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |