Calamos Convertible Opportunities Fund Market Value
| CHI Fund | USD 12.10 0.05 0.41% |
| 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 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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Calamos Convertible on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Convertible Opportunities or generate 0.0% return on investment in Calamos Convertible over 180 days. Calamos Convertible is related to or competes with MFS Investment, Eaton Vance, DTF Tax, HUMANA, SCOR PK, Ab Pennsylvania, and Small Cap. Calamos Convertible Opportunities and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investm... 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 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 Convertible Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8701 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.82 |
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 | 0.1076 | |||
| Jensen Alpha | 0.0533 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0039 | |||
| Treynor Ratio | 0.2092 |
Calamos Convertible Backtested Returns
Calamos Convertible is very steady at the moment. Calamos Convertible secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Calamos Convertible Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Calamos Convertible's Downside Deviation of 0.8701, risk adjusted performance of 0.1076, and Mean Deviation of 0.739 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. 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 | 0.08 |
Virtually no predictability
Calamos Convertible Opportunities has virtually no predictability. Overlapping area represents the amount of predictability between Calamos Convertible time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 0.08 indicates that barely 8.0% of current Calamos Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Calamos Convertible lagged returns against current returns
Autocorrelation, which is Calamos Convertible 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 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 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Convertible 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 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 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 fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Convertible Opportunities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Calamos Fund
Calamos Convertible 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 Convertible security.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |