Calamos High Income Fund Market Value
| CHYDX Fund | USD 7.88 0.02 0.25% |
| Symbol | Calamos |
Calamos High '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 High'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 High.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Calamos High on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos High Income or generate 0.0% return on investment in Calamos High over 90 days. Calamos High is related to or competes with Dreyfus Technology, Allianzgi Technology, Blackrock Science, and Technology Ultrasector. The fund invests primarily in a diversified portfolio of high yield fixed-income securities issued by both U.S More
Calamos High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1341 | |||
| Information Ratio | (0.86) | |||
| Maximum Drawdown | 0.3871 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.2558 |
Calamos High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos High's standard deviation. In reality, there are many statistical measures that can use Calamos High historical prices to predict the future Calamos High's volatility.| Risk Adjusted Performance | 0.1821 | |||
| Jensen Alpha | 0.0246 | |||
| Total Risk Alpha | 0.0075 | |||
| Sortino Ratio | (0.71) | |||
| Treynor Ratio | 6.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos High'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 High Income Backtested Returns
At this stage we consider Calamos Mutual Fund to be very steady. Calamos High Income secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the fund had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calamos High Income, which you can use to evaluate the volatility of the entity. Please confirm Calamos High's Mean Deviation of 0.0894, risk adjusted performance of 0.1821, and Coefficient Of Variation of 317.49 to double-check if the risk estimate we provide is consistent with the expected return of 0.0347%. The fund shows a Beta (market volatility) of 0.004, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calamos High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos High is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Calamos High Income has average predictability. Overlapping area represents the amount of predictability between Calamos High 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 High Income price movement. The serial correlation of 0.47 indicates that about 47.0% of current Calamos High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Calamos High Income lagged returns against current returns
Autocorrelation, which is Calamos High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Calamos High returns to help us make a trade decision. For example, suppose you find that Calamos High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos High Lagged Returns
When evaluating Calamos High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos High mutual fund have on its future price. Calamos High 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 High autocorrelation shows the relationship between Calamos High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos High Income.
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 High 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 High security.
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