Calamos Dynamic Convertible Fund Market Value
| CCD Fund | USD 24.51 0.02 0.08% |
| Symbol | Calamos |
Calamos Dynamic '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 Dynamic's 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 Calamos Dynamic.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Calamos Dynamic on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Dynamic Convertible or generate 0.0% return on investment in Calamos Dynamic over 270 days. Calamos Dynamic is related to or competes with Calamos Global, Calamos Strategic, Calamos LongShort, DTF Tax, Gabelli Global, and Eaton Vance. Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments L... More
Calamos Dynamic 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 Dynamic's 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 Calamos Dynamic Convertible upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8472 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.88 |
Calamos Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Dynamic's standard deviation. In reality, there are many statistical measures that can use Calamos Dynamic historical prices to predict the future Calamos Dynamic's volatility.| Risk Adjusted Performance | 0.0828 | |||
| Jensen Alpha | 0.0286 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1782 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Dynamic'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.
Calamos Dynamic Conv Backtested Returns
At this point, Calamos Dynamic is very steady. Calamos Dynamic Conv secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Calamos Dynamic Convertible, which you can use to evaluate the volatility of the entity. Please confirm Calamos Dynamic's Risk Adjusted Performance of 0.0828, downside deviation of 0.8472, and Mean Deviation of 0.7093 to double-check if the risk estimate we provide is consistent with the expected return of 0.0984%. The fund shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Dynamic is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Calamos Dynamic Convertible has good predictability. Overlapping area represents the amount of predictability between Calamos Dynamic time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 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 Calamos Dynamic Conv price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Calamos Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Calamos Dynamic Conv lagged returns against current returns
Autocorrelation, which is Calamos Dynamic 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 Calamos Dynamic's fund expected returns. We can calculate the autocorrelation of Calamos Dynamic returns to help us make a trade decision. For example, suppose you find that Calamos Dynamic has exhibited high autocorrelation historically, and you observe that the 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 |
Calamos Dynamic 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 Dynamic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Dynamic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calamos Dynamic fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Dynamic Lagged Returns
When evaluating Calamos Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Dynamic fund have on its future price. Calamos Dynamic 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 Dynamic autocorrelation shows the relationship between Calamos Dynamic fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Dynamic Convertible.
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 Calamos Fund
Calamos Dynamic 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 Dynamic security.
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