Calamos International Small Fund Market Value
| CCISX Fund | USD 9.78 0.08 0.82% |
| Symbol | Calamos |
Calamos International '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 International'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 International.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Calamos International on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Calamos International Small or generate 0.0% return on investment in Calamos International over 390 days. Calamos International is related to or competes with Pimco Funds, Meeder Funds, and Ashmore Emerging. Under normal market conditions, the fund invests at least 80 percent of its net assets in securities of small capitaliza... More
Calamos International 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 International'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 International Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.22 |
Calamos International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos International's standard deviation. In reality, there are many statistical measures that can use Calamos International historical prices to predict the future Calamos International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos International'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 International Backtested Returns
Calamos International secures Sharpe Ratio (or Efficiency) of -0.0524, which signifies that the fund had a -0.0524% return per unit of risk over the last 3 months. Calamos International Small exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calamos International's Risk Adjusted Performance of (0.04), standard deviation of 0.7685, and Mean Deviation of 0.5878 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos International is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
Calamos International Small has weak reverse predictability. Overlapping area represents the amount of predictability between Calamos International time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Calamos International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Calamos International lagged returns against current returns
Autocorrelation, which is Calamos International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Calamos International returns to help us make a trade decision. For example, suppose you find that Calamos International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos International Lagged Returns
When evaluating Calamos International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos International mutual fund have on its future price. Calamos International 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 International autocorrelation shows the relationship between Calamos International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos International Small.
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 International 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 International security.
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