Calamos Alternative Nasdaq Etf Performance
| CANQ Etf | 28.52 0.20 0.70% |
The etf shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Alternative is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Calamos Alternative Nasdaq are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile basic indicators, Calamos Alternative may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | Calamos Alternative Nasdaq Bond ETF declares 0.1175 dividend | 12/02/2024 |
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Calamos Alternative Relative Risk vs. Return Landscape
If you would invest 2,629 in Calamos Alternative Nasdaq on September 13, 2024 and sell it today you would earn a total of 243.00 from holding Calamos Alternative Nasdaq or generate 9.24% return on investment over 90 days. Calamos Alternative Nasdaq is currently generating 0.1433% in daily expected returns and assumes 0.7644% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Calamos, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Calamos Alternative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Alternative's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Calamos Alternative Nasdaq, and traders can use it to determine the average amount a Calamos Alternative's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1875
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Calamos Alternative is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Calamos Alternative by adding it to a well-diversified portfolio.
About Calamos Alternative Performance
Assessing Calamos Alternative's fundamental ratios provides investors with valuable insights into Calamos Alternative's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Calamos Alternative is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Calamos Alternative is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from seekingalpha.com: Calamos Alternative Nasdaq Bond ETF declares 0.1175 dividend |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Alternative Nasdaq. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
The market value of Calamos Alternative is measured differently than its book value, which is the value of Calamos that is recorded on the company's balance sheet. Investors also form their own opinion of Calamos Alternative's value that differs from its market value or its book value, called intrinsic value, which is Calamos Alternative's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Calamos Alternative's market value can be influenced by many factors that don't directly affect Calamos Alternative's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Calamos Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calamos Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calamos Alternative's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.