Calamos Phineus Longshort Fund Market Value
| CPLIX Fund | USD 16.65 0.07 0.42% |
| Symbol | Calamos |
Calamos Phineus '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 Phineus' 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 Phineus.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in Calamos Phineus on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding Calamos Phineus Longshort or generate 0.0% return on investment in Calamos Phineus over 720 days. Calamos Phineus is related to or competes with William Blair, Ab Small, Hennessy Cornerstone, Fpa Queens, Vanguard Small, Fidelity Small, and Applied Finance. The investment seeks strong, risk-adjusted and absolute returns in the context of prevailing market conditions across th... More
Calamos Phineus 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 Phineus' 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 Phineus Longshort upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.9768 |
Calamos Phineus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Phineus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Phineus' standard deviation. In reality, there are many statistical measures that can use Calamos Phineus historical prices to predict the future Calamos Phineus' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.2712 |
Calamos Phineus Longshort Backtested Returns
Calamos Phineus Longshort secures Sharpe Ratio (or Efficiency) of -0.0138, which signifies that the fund had a -0.0138 % return per unit of risk over the last 3 months. Calamos Phineus Longshort exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calamos Phineus' Mean Deviation of 0.3516, standard deviation of 0.5541, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.065, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Calamos Phineus are expected to decrease at a much lower rate. During the bear market, Calamos Phineus is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
Calamos Phineus Longshort has weak predictability. Overlapping area represents the amount of predictability between Calamos Phineus time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th of February 2025. 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 Phineus Longshort price movement. The serial correlation of 0.2 indicates that over 20.0% of current Calamos Phineus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Calamos Phineus Longshort lagged returns against current returns
Autocorrelation, which is Calamos Phineus 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 Phineus' mutual fund expected returns. We can calculate the autocorrelation of Calamos Phineus returns to help us make a trade decision. For example, suppose you find that Calamos Phineus 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 Phineus 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 Phineus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Phineus 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 Phineus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Phineus Lagged Returns
When evaluating Calamos Phineus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Phineus mutual fund have on its future price. Calamos Phineus 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 Phineus autocorrelation shows the relationship between Calamos Phineus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Phineus Longshort.
Regressed Prices |
| Timeline |
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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 Phineus 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 Phineus security.
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