Calamos Alternative Nasdaq ETF Technical Analysis
| CANQ ETF | 30.25 0.36 1.20% |
According to pricing data from the 5th of May, Calamos Alternative trades at 30.25 per share. Quantitative signals reflect Downside Deviation of 0.6803, risk adjusted performance of 0.0822, and Mean Deviation of 0.5663. Volume-adjusted indicators are evaluated relative to historical ranges. Current technical signals are evaluated against industry dispersion.
Calamos Alternative Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Calamos, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CalamosCalamos |
NAV captures Calamos portfolio value, while market price captures the collective view of trading participants. For Calamos Alternative, evaluation balances fund expenses, portfolio construction quality, and benchmark tracking precision.
Calamos Alternative's NAV reflects portfolio composition, while price reflects real-time supply and demand. Calamos Alternative's market price is the outcome of continuous interaction between buyers and sellers.
What-If Analysis
Backtesting a what-if scenario on Calamos Alternative Nasdaq shows how the etf may have behaved if the position had been entered, held, or resized under different historical assumptions. In practice, this review provides context for deciding whether Calamos Alternative's historical reward profile was stable enough to support the current thesis.
| 02/04/2026 |
| 05/05/2026 |
Investing 0.00 in Calamos Alternative starting February 4, 2026 and holding to today would record 0.00 in aggregate return. That works out to a 0.0% total return in Calamos Alternative in total over a 90 day period. Comparable ETF peers for Calamos Alternative include Collaborative Investment, ZEGA Buy, Direxion Daily, Exchange Listed, Nightview ETF, Direxion Daily, and Tidal ETF. More
Calamos Alternative Upside and Downside Indicators Dashboard
Upside and downside measures for Calamos Alternative frame directional pressure and range behavior. Upside potential is measured relative to recent highs; downside exposure is framed against recent lows.
| Downside Deviation | 0.6803 | |||
| Information Ratio | 0.0912 | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | -0.95 | |||
| Potential Upside | 1.2 |
Market Risk Indicators for Calamos Alternative Dashboard
Return variability and drawdown behavior for Calamos Alternative are summarized through these risk indicators. Standard deviation of returns over multiple windows measures the magnitude of typical price swings.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | 0.061 | |||
| Sortino Ratio | 0.0944 | |||
| Treynor Ratio | 0.0882 |
Experienced market participants anticipate that Calamos Alternative's price will even out over time. Periods when Calamos Alternative's deviates significantly from its historical mean may warrant further fundamental analysis. Mean reversion in Calamos Alternative's serves as a complement to momentum analysis.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0822 | |||
| Market Risk Adjusted Performance | 0.0982 | |||
| Mean Deviation | 0.5663 | |||
| Semi Deviation | 0.5934 | |||
| Downside Deviation | 0.6803 | |||
| Coefficient Of Variation | 1129.42 | |||
| Standard Deviation | 0.7041 | |||
| Variance | 0.4958 | |||
| Information Ratio | 0.0912 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | 0.061 | |||
| Sortino Ratio | 0.0944 | |||
| Treynor Ratio | 0.0882 | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | -0.95 | |||
| Potential Upside | 1.2 | |||
| Downside Variance | 0.4628 | |||
| Semi Variance | 0.3521 | |||
| Expected Short fall | -0.60 | |||
| Skewness | 0.1884 | |||
| Kurtosis | -0.38 |
Calamos Alternative Backtested Returns
Calamos Alternative remains characterized by a very low volatility profile within the selected investment span. It maintains a Sharpe Ratio (Efficiency) of 0.0885, representing adjusted performance consistency. We identified thirty technical indicators influencing the company's volatility profile. Please review metrics such as Downside Deviation of 0.6803, risk-adjusted performance of 0.0822, and mean deviation of 0.5663 to assess internal risk calibration. The ETF has a Beta of 0.59, which signifies generally lower market sensitivity than the broad market. With a sub-1 beta, Calamos Alternative typically participates in market rallies at a reduced pace while often limiting downside exposure.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Calamos Alternative Nasdaq shows almost perfect reverse predictability when comparing price series from 4th of February 2026 to 21st of March 2026 against from 21st of March 2026 to 5th of May 2026. A strong serial relationship would imply that Calamos Alternative's recent trajectory contains information about its near-term direction. With a serial correlation of -0.75, around 75.0% of Calamos Alternative's price variation is attributable to patterns in preceding intervals. Given that Calamos Alternative Nasdaq has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
The framework analyzes Calamos Alternative using price and volume data. The structure incorporates trend and momentum indicators.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Calamos Alternative volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of Calamos Alternative evaluates traded price structure, volume, and spread stability relative to NAV behavior. Oscillator extremes can precede mean reversion under certain regimes.
Calamos Alternative Nasdaq values are built from fund disclosures and market reference feeds, with reporting definitions aligned before display.
Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board
Technical Indicators
Investors following Calamos Alternative Nasdaq often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. Confirming one signal with others instead of reacting to one pattern in isolation improves the quality of the conclusion.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0822 | |||
| Market Risk Adjusted Performance | 0.0982 | |||
| Mean Deviation | 0.5663 | |||
| Semi Deviation | 0.5934 | |||
| Downside Deviation | 0.6803 | |||
| Coefficient Of Variation | 1129.42 | |||
| Standard Deviation | 0.7041 | |||
| Variance | 0.4958 | |||
| Information Ratio | 0.0912 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | 0.061 | |||
| Sortino Ratio | 0.0944 | |||
| Treynor Ratio | 0.0882 | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | -0.95 | |||
| Potential Upside | 1.2 | |||
| Downside Variance | 0.4628 | |||
| Semi Variance | 0.3521 | |||
| Expected Short fall | -0.60 | |||
| Skewness | 0.1884 | |||
| Kurtosis | -0.38 |
May 5, 2026 Daily Trend Indicators
Investors following Calamos Alternative Nasdaq often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. Confirming one signal with others instead of reacting to one pattern in isolation improves the quality of the conclusion.
| Accumulation Distribution | 9.88 | ||
| Daily Balance Of Power | 2.00 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 30.20 | ||
| Day Typical Price | 30.22 | ||
| Price Action Indicator | 0.23 | ||
| Market Facilitation Index | 0.0001 |