Calvert Ultra Short Income Fund Market Value

CULAX Fund  USD 9.90  0.01  0.10%   
Calvert Ultra's market value is the price at which a share of Calvert Ultra trades on a public exchange. It measures the collective expectations of Calvert Ultra Short Income investors about its performance. Calvert Ultra is trading at 9.90 as of the 23rd of December 2024; that is 0.10% up since the beginning of the trading day. The fund's open price was 9.89.
With this module, you can estimate the performance of a buy and hold strategy of Calvert Ultra Short Income and determine expected loss or profit from investing in Calvert Ultra over a given investment horizon. Check out Calvert Ultra Correlation, Calvert Ultra Volatility and Calvert Ultra Alpha and Beta module to complement your research on Calvert Ultra.
Symbol

Please note, there is a significant difference between Calvert Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calvert Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calvert Ultra'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 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.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Calvert Ultra on November 23, 2024 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 30 days. Calvert Ultra is related to or competes with Calvert Developed, Calvert Developed, Calvert Short, Calvert International, Calvert Short, Calvert Short, and Calvert Emerging. 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.

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.
Hype
Prediction
LowEstimatedHigh
9.819.909.99
Details
Intrinsic
Valuation
LowRealHigh
9.019.1010.89
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Calvert Ultra. Your research has to be compared to or analyzed against Calvert Ultra's peers to derive any actionable benefits. When done correctly, Calvert Ultra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Calvert Ultra Short.

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-seven 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

    
  -1  

Near perfect reversele predictability

Calvert Ultra Short Income has near perfect reversele predictability. Overlapping area represents the amount of predictability between Calvert Ultra time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 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 -1.0 indicates that 100.0% of current Calvert Ultra price fluctuation can be explain by its past prices.
Correlation Coefficient-1.0
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.0

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  

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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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