Calamos Hedged Equity Fund Market Value
| CCHEX Fund | USD 16.93 0.05 0.30% |
| Symbol | Calamos |
Calamos Hedged '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 Hedged'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 Calamos Hedged.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Calamos Hedged on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Hedged Equity or generate 0.0% return on investment in Calamos Hedged over 30 days. Calamos Hedged is related to or competes with Calamos Antetokounmpo, Calamos Antetokounmpo, Calamos Antetokounmpo, Calamos Opportunistic, Calamos Opportunistic, Calamos Opportunistic, and Calamos Growth. The fund seeks to achieve total return with lower volatility than equity markets More
Calamos Hedged 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 Hedged'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 Calamos Hedged Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4487 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.6079 |
Calamos Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Hedged's standard deviation. In reality, there are many statistical measures that can use Calamos Hedged historical prices to predict the future Calamos Hedged's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.1216 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Hedged'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 Hedged Equity Backtested Returns
At this stage we consider Calamos Mutual Fund to be very steady. Calamos Hedged Equity secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calamos Hedged Equity, which you can use to evaluate the volatility of the entity. Please confirm Calamos Hedged's Risk Adjusted Performance of 0.1105, mean deviation of 0.3026, and Downside Deviation of 0.4487 to double-check if the risk estimate we provide is consistent with the expected return of 0.0777%. The fund shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Hedged is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Calamos Hedged Equity has very good predictability. Overlapping area represents the amount of predictability between Calamos Hedged time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Hedged Equity price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Calamos Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Calamos Hedged Equity lagged returns against current returns
Autocorrelation, which is Calamos Hedged 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 Calamos Hedged's mutual fund expected returns. We can calculate the autocorrelation of Calamos Hedged returns to help us make a trade decision. For example, suppose you find that Calamos Hedged 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 |
Calamos Hedged 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 Hedged mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Hedged mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calamos Hedged mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Hedged Lagged Returns
When evaluating Calamos Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Hedged mutual fund have on its future price. Calamos Hedged 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 Hedged autocorrelation shows the relationship between Calamos Hedged mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Hedged Equity.
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 Mutual Fund
Calamos Hedged financial ratios help investors to determine whether Calamos 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 Calamos with respect to the benefits of owning Calamos Hedged security.
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