Calamos Alternative Nasdaq Etf Market Value
| CANQ Etf | 29.82 0.11 0.37% |
| Symbol | Calamos |
The market value of Calamos Alternative is measured differently than its book value, which is the value of Calamos that is recorded on the company's balance sheet. Investors also form their own opinion of Calamos Alternative's value that differs from its market value or its book value, called intrinsic value, which is Calamos Alternative's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Calamos Alternative's market value can be influenced by many factors that don't directly affect Calamos Alternative's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Calamos Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calamos Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calamos Alternative'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.
Calamos Alternative '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 Calamos Alternative's etf 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 Calamos Alternative.
| 01/26/2024 |
| 01/15/2026 |
If you would invest 0.00 in Calamos Alternative on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Alternative Nasdaq or generate 0.0% return on investment in Calamos Alternative over 720 days. Calamos Alternative is related to or competes with Collaborative Investment, ZEGA Buy, Direxion Shares, Exchange Listed, Nightview ETF, Direxion Shares, and Tidal ETF. Calamos Alternative is entity of United States More
Calamos Alternative 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 Calamos Alternative's etf 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 Calamos Alternative Nasdaq upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7909 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.38 |
Calamos Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Alternative's standard deviation. In reality, there are many statistical measures that can use Calamos Alternative historical prices to predict the future Calamos Alternative's volatility.| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0387 |
Calamos Alternative Backtested Returns
Currently, Calamos Alternative Nasdaq is very steady. Calamos Alternative secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the etf had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Calamos Alternative Nasdaq, which you can use to evaluate the volatility of the entity. Please confirm Calamos Alternative's Mean Deviation of 0.5134, risk adjusted performance of 0.035, and Downside Deviation of 0.7909 to double-check if the risk estimate we provide is consistent with the expected return of 0.0051%. The etf shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Alternative is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Calamos Alternative Nasdaq has very good predictability. Overlapping area represents the amount of predictability between Calamos Alternative time series from 26th of January 2024 to 20th of January 2025 and 20th of January 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Calamos Alternative price movement. The serial correlation of 0.85 indicates that around 85.0% of current Calamos Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Calamos Alternative lagged returns against current returns
Autocorrelation, which is Calamos Alternative etf'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 Calamos Alternative's etf expected returns. We can calculate the autocorrelation of Calamos Alternative returns to help us make a trade decision. For example, suppose you find that Calamos Alternative has exhibited high autocorrelation historically, and you observe that the etf 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 |
Calamos Alternative 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 Calamos Alternative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Alternative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calamos Alternative etf over time.
Current vs Lagged Prices |
| Timeline |
Calamos Alternative Lagged Returns
When evaluating Calamos Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Alternative etf have on its future price. Calamos Alternative 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, Calamos Alternative autocorrelation shows the relationship between Calamos Alternative etf current value and its past values and can show if there is a momentum factor associated with investing in Calamos Alternative Nasdaq.
Regressed Prices |
| Timeline |
Pair Trading with Calamos Alternative
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 Calamos Alternative 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 Calamos Alternative will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Calamos Alternative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calamos Alternative 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 Calamos Alternative - 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 Calamos Alternative Nasdaq to buy it.
The correlation of Calamos Alternative 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 Calamos Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos Alternative 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 Calamos Alternative 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 Calamos Alternative Correlation, Calamos Alternative Volatility and Calamos Alternative Alpha and Beta module to complement your research on Calamos Alternative. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Calamos Alternative technical etf 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, etf market cycles, or different charting patterns.