Calamos Convertible Fund Forward View

CHY Fund  USD 11.73  0.20  1.68%   
Calamos Fund outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Calamos Convertible's share price is at 54 suggesting that the fund is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Calamos Convertible, making its price go up or down.

Momentum 54

 Impartial

 
Oversold
 
Overbought
The successful prediction of Calamos Convertible's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Calamos Convertible And, which may create opportunities for some arbitrage if properly timed.
Using Calamos Convertible hype-based prediction, you can estimate the value of Calamos Convertible And from the perspective of Calamos Convertible response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Calamos Convertible And on the next trading day is expected to be 11.79 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.13.

Calamos Convertible after-hype prediction price

    
  USD 11.73  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Calamos Convertible to cross-verify your projections.

Calamos Convertible Additional Predictive Modules

Most predictive techniques to examine Calamos price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Calamos using various technical indicators. When you analyze Calamos charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
A naive forecasting model for Calamos Convertible is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Calamos Convertible And value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Calamos Convertible Naive Prediction Price Forecast For the 3rd of February

Given 90 days horizon, the Naive Prediction forecasted value of Calamos Convertible And on the next trading day is expected to be 11.79 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.13.
Please note that although there have been many attempts to predict Calamos Fund prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Calamos Convertible's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Calamos Convertible Fund Forecast Pattern

Backtest Calamos Convertible  Calamos Convertible Price Prediction  Research Analysis  

Calamos Convertible Forecasted Value

In the context of forecasting Calamos Convertible's Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Calamos Convertible's downside and upside margins for the forecasting period are 10.88 and 12.70, respectively. We have considered Calamos Convertible's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
11.73
11.79
Expected Value
12.70
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Calamos Convertible fund data series using in forecasting. Note that when a statistical model is used to represent Calamos Convertible fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria114.2775
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1169
MAPEMean absolute percentage error0.0103
SAESum of the absolute errors7.1326
This model is not at all useful as a medium-long range forecasting tool of Calamos Convertible And. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Calamos Convertible. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Calamos Convertible

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calamos Convertible And. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
10.8311.7312.63
Details
Intrinsic
Valuation
LowRealHigh
10.7211.6212.52
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.3711.6711.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Calamos Convertible. Your research has to be compared to or analyzed against Calamos Convertible's peers to derive any actionable benefits. When done correctly, Calamos Convertible'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 Calamos Convertible And.

Calamos Convertible After-Hype Price Density Analysis

As far as predicting the price of Calamos Convertible at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Calamos Convertible or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Fund prices, such as prices of Calamos Convertible, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Calamos Convertible Estimiated After-Hype Price Volatility

In the context of predicting Calamos Convertible's fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Calamos Convertible's historical news coverage. Calamos Convertible's after-hype downside and upside margins for the prediction period are 10.83 and 12.63, respectively. We have considered Calamos Convertible's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
11.73
11.73
After-hype Price
12.63
Upside
Calamos Convertible is very steady at this time. Analysis and calculation of next after-hype price of Calamos Convertible And is based on 3 months time horizon.

Calamos Convertible Fund Price Outlook Analysis

Have you ever been surprised when a price of a Fund such as Calamos Convertible is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Calamos Convertible backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Calamos Convertible, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.06 
0.91
 0.00  
 0.00  
3 Events / Month
2 Events / Month
In about 3 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
11.73
11.73
0.00 
9,100  
Notes

Calamos Convertible Hype Timeline

On the 2nd of February Calamos Convertible And is traded for 11.73. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Calamos is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.06%. %. The volatility of related hype on Calamos Convertible is about 13000.0%, with the expected price after the next announcement by competition of 11.73. About 12.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.87. Some equities with similar Price to Book (P/B) outperform the market in the long run. Calamos Convertible And last dividend was issued on the 13th of October 2022. Considering the 90-day investment horizon the next forecasted press release will be in about 3 days.
Check out Historical Fundamental Analysis of Calamos Convertible to cross-verify your projections.

Calamos Convertible Related Hype Analysis

Having access to credible news sources related to Calamos Convertible's direct competition is more important than ever and may enhance your ability to predict Calamos Convertible's future price movements. Getting to know how Calamos Convertible's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Calamos Convertible may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
CHICalamos Convertible Opportunities 0.06 5 per month 1.06 (0.01) 1.82 (1.65) 4.33 
AWFAlliancebernstein Global High 0.04 6 per month 0.00 (0.21) 0.57 (0.57) 1.59 
NRKNuveen New York(0.03)4 per month 0.23 (0.03) 0.61 (0.40) 2.10 
PCNPimco Corporate Income 0.15 4 per month 0.40 (0.05) 0.90 (0.66) 2.12 
PHKPimco High Income 0.01 4 per month 0.05  0.09  0.61 (0.61) 1.66 
CCDCalamos Dynamic Convertible(0.45)2 per month 0.82  0.06  1.66 (1.57) 4.60 
EOIEaton Vance Enhanced 0.06 3 per month 0.75  0  1.03 (1.37) 3.77 
JFRNuveen Floating Rate 0.06 2 per month 0.36 (0) 0.65 (0.79) 1.95 
NQWFXNuveen Nwq Flexible 0.00 0 per month 0.00  0.02  0.40 (0.31) 1.08 
HTDJohn Hancock Tax 0.03 3 per month 0.90 (0.04) 1.24 (1.43) 3.58 

Other Forecasting Options for Calamos Convertible

For every potential investor in Calamos, whether a beginner or expert, Calamos Convertible's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Calamos Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Calamos. Basic forecasting techniques help filter out the noise by identifying Calamos Convertible's price trends.

Calamos Convertible Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Calamos Convertible fund to make a market-neutral strategy. Peer analysis of Calamos Convertible could also be used in its relative valuation, which is a method of valuing Calamos Convertible by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Calamos Convertible Market Strength Events

Market strength indicators help investors to evaluate how Calamos Convertible fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Calamos Convertible shares will generate the highest return on investment. By undertsting and applying Calamos Convertible fund market strength indicators, traders can identify Calamos Convertible And entry and exit signals to maximize returns.

Calamos Convertible Risk Indicators

The analysis of Calamos Convertible's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Calamos Convertible's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting calamos fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Story Coverage note for Calamos Convertible

The number of cover stories for Calamos Convertible depends on current market conditions and Calamos Convertible's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Calamos Convertible is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Calamos Convertible's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

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Other Information on Investing in Calamos Fund

Calamos Convertible financial ratios help investors to determine whether Calamos 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 Calamos with respect to the benefits of owning Calamos Convertible security.
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