Calamos Longshort Fund Market Value
| CRLSX Fund | USD 10.19 0.03 0.29% |
| Symbol | Calamos |
Calamos Long/short '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 Long/short'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 Long/short.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Calamos Long/short on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Longshort Fund or generate 0.0% return on investment in Calamos Long/short over 30 days. Calamos Long/short is related to or competes with Us Government, Inverse Government, Franklin Adjustable, Us Government, Us Government, Aig Government, and Virtus Seix. The fund seeks to achieve long-term capital appreciation by investing primarily in a broadly diversified portfolio of eq... More
Calamos Long/short 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 Long/short'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 Longshort Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 0.9488 |
Calamos Long/short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Long/short's standard deviation. In reality, there are many statistical measures that can use Calamos Long/short historical prices to predict the future Calamos Long/short's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Long/short'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 Long/short Backtested Returns
Calamos Long/short secures Sharpe Ratio (or Efficiency) of -0.0216, which signifies that the fund had a -0.0216% return per unit of risk over the last 3 months. Calamos Longshort Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calamos Long/short's Mean Deviation of 0.6424, standard deviation of 0.8013, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0427, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Calamos Long/short are expected to decrease at a much lower rate. During the bear market, Calamos Long/short is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
Calamos Longshort Fund has good reverse predictability. Overlapping area represents the amount of predictability between Calamos Long/short time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Long/short price movement. The serial correlation of -0.54 indicates that about 54.0% of current Calamos Long/short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Calamos Long/short lagged returns against current returns
Autocorrelation, which is Calamos Long/short 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 Long/short's mutual fund expected returns. We can calculate the autocorrelation of Calamos Long/short returns to help us make a trade decision. For example, suppose you find that Calamos Long/short 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 Long/short 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 Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Long/short 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 Long/short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Long/short Lagged Returns
When evaluating Calamos Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Long/short mutual fund have on its future price. Calamos Long/short 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 Long/short autocorrelation shows the relationship between Calamos Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Longshort 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 Long/short 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 Long/short security.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |