Calamos Vertible Fund Market Value
| CCVCX Fund | USD 21.95 0.04 0.18% |
| Symbol | Calamos |
Calamos Convertible '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 Convertible'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 Convertible.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Calamos Convertible on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Vertible Fund or generate 0.0% return on investment in Calamos Convertible over 90 days. Calamos Convertible is related to or competes with Gabelli Convertible, Absolute Convertible, Rational/pier, Putnam Convertible, and Advent Claymore. The investment seeks current income, with growth as its secondary objective More
Calamos Convertible 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 Convertible'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 Vertible Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4933 | |||
| Information Ratio | 0.0121 | |||
| Maximum Drawdown | 2.08 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 1.06 |
Calamos Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Convertible's standard deviation. In reality, there are many statistical measures that can use Calamos Convertible historical prices to predict the future Calamos Convertible's volatility.| Risk Adjusted Performance | 0.1988 | |||
| Jensen Alpha | 0.1218 | |||
| Total Risk Alpha | 0.0459 | |||
| Sortino Ratio | 0.0126 | |||
| Treynor Ratio | 3.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Convertible'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 Convertible Backtested Returns
At this stage we consider Calamos Mutual Fund to be very steady. Calamos Convertible secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the fund had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calamos Vertible Fund, which you can use to evaluate the volatility of the entity. Please confirm Calamos Convertible's Downside Deviation of 0.4933, risk adjusted performance of 0.1988, and Mean Deviation of 0.4066 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.0401, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calamos Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Convertible is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Calamos Vertible Fund has very good predictability. Overlapping area represents the amount of predictability between Calamos Convertible time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Convertible price movement. The serial correlation of 0.81 indicates that around 81.0% of current Calamos Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Calamos Convertible lagged returns against current returns
Autocorrelation, which is Calamos Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Calamos Convertible returns to help us make a trade decision. For example, suppose you find that Calamos Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Convertible Lagged Returns
When evaluating Calamos Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Convertible mutual fund have on its future price. Calamos Convertible 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 Convertible autocorrelation shows the relationship between Calamos Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Vertible Fund.
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 Convertible 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 Convertible security.
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