Calvert Tax Free Responsible Fund Market Value
| CTTCX Fund | USD 15.17 0.01 0.07% |
| Symbol | Calvert |
Calvert Tax-free '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-free'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-free.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Calvert Tax-free on December 16, 2024 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-free over 90 days. Calvert Tax-free is related to or competes with Eaton Vance, Health Care, Invesco Global, T Rowe, and Highland Long/short. Under normal market conditions, at least 80 percent of the income from the fund will be exempt from federal income tax More
Calvert Tax-free 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-free'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.
| Information Ratio | 0.2977 | |||
| Maximum Drawdown | 1.05 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.3272 |
Calvert Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Tax-free's standard deviation. In reality, there are many statistical measures that can use Calvert Tax-free historical prices to predict the future Calvert Tax-free's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Tax-free'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
Calvert Tax Free secures Sharpe Ratio (or Efficiency) of -0.0534, which signifies that the fund had a -0.0534 % return per unit of risk over the last 3 months. Calvert Tax Free Responsible exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calvert Tax-free's Mean Deviation of 0.1785, standard deviation of 0.2372, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0453, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calvert Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Tax-free is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
Calvert Tax Free Responsible has very good reverse predictability. Overlapping area represents the amount of predictability between Calvert Tax-free time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 -0.66 indicates that around 66.0% of current Calvert Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Calvert Tax Free lagged returns against current returns
Autocorrelation, which is Calvert Tax-free 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-free's mutual fund expected returns. We can calculate the autocorrelation of Calvert Tax-free returns to help us make a trade decision. For example, suppose you find that Calvert Tax-free 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-free 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-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Tax-free 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-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calvert Tax-free Lagged Returns
When evaluating Calvert Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Tax-free mutual fund have on its future price. Calvert Tax-free 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-free autocorrelation shows the relationship between Calvert Tax-free 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-free 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-free security.
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