Calvert Balanced Portfolio Fund Market Value
CBAIX Fund | USD 41.43 0.16 0.38% |
Symbol | Calvert |
Calvert Balanced '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 Balanced'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 Balanced.
04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Calvert Balanced on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Calvert Balanced Portfolio or generate 0.0% return on investment in Calvert Balanced over 720 days. Calvert Balanced is related to or competes with Calvert Developed, Calvert Developed, Calvert Short, Calvert International, Calvert Short, Calvert Short, and Calvert Emerging. Under normal market conditions, the fund invests between 50 percent and 75 percent of its net assets in equity securitie... More
Calvert Balanced 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 Balanced'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 Balanced Portfolio upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4803 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 2.63 | |||
Value At Risk | (0.82) | |||
Potential Upside | 0.7578 |
Calvert Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calvert Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calvert Balanced's standard deviation. In reality, there are many statistical measures that can use Calvert Balanced historical prices to predict the future Calvert Balanced's volatility.Risk Adjusted Performance | 0.0522 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | 0.0516 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calvert Balanced'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 Balanced Por Backtested Returns
We consider Calvert Balanced very steady. Calvert Balanced Por secures Sharpe Ratio (or Efficiency) of 0.0514, which signifies that the fund had a 0.0514% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calvert Balanced Portfolio, which you can use to evaluate the volatility of the entity. Please confirm Calvert Balanced's Downside Deviation of 0.4803, mean deviation of 0.4196, and Risk Adjusted Performance of 0.0522 to double-check if the risk estimate we provide is consistent with the expected return of 0.0268%. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calvert Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calvert Balanced is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Calvert Balanced Portfolio has below average predictability. Overlapping area represents the amount of predictability between Calvert Balanced time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 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 Balanced Por price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Calvert Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.37 | |
Spearman Rank Test | 0.09 | |
Residual Average | 0.0 | |
Price Variance | 4.87 |
Calvert Balanced Por lagged returns against current returns
Autocorrelation, which is Calvert Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Calvert Balanced returns to help us make a trade decision. For example, suppose you find that Calvert Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calvert Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
Timeline |
Calvert Balanced Lagged Returns
When evaluating Calvert Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calvert Balanced mutual fund have on its future price. Calvert Balanced 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 Balanced autocorrelation shows the relationship between Calvert Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calvert Balanced Portfolio.
Regressed Prices |
Timeline |
Pair Trading with Calvert Balanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Calvert Balanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Calvert Balanced will appreciate offsetting losses from the drop in the long position's value.Moving together with Calvert Mutual Fund
0.96 | CDHIX | Calvert Developed Market | PairCorr |
0.96 | CDHAX | Calvert Developed Market | PairCorr |
0.65 | CDICX | Calvert Short Duration | PairCorr |
0.96 | CDHRX | Calvert International | PairCorr |
0.74 | CDSRX | Calvert Short Duration | PairCorr |
The ability to find closely correlated positions to Calvert Balanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calvert Balanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calvert Balanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calvert Balanced Portfolio to buy it.
The correlation of Calvert Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calvert Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calvert Balanced Por moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Calvert Balanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Calvert Balanced Correlation, Calvert Balanced Volatility and Calvert Balanced Alpha and Beta module to complement your research on Calvert Balanced. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Calvert Balanced technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.