Calamos Strategic Total Fund Market Value
| CSQ Fund | USD 18.01 0.23 1.26% |
| Symbol | Calamos |
Calamos Strategic '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 Strategic's 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 Strategic.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Calamos Strategic on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Strategic Total or generate 0.0% return on investment in Calamos Strategic over 30 days. Calamos Strategic is related to or competes with Calamos Convertible, Calamos Dynamic, Calamos Global, Calamos LongShort, Calamos Convertible, Eaton Vance, and Eaton Vance. Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC More
Calamos Strategic 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 Strategic's 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 Strategic Total upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8676 | |||
| Information Ratio | 0.0829 | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.17 |
Calamos Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Strategic's standard deviation. In reality, there are many statistical measures that can use Calamos Strategic historical prices to predict the future Calamos Strategic's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.0657 | |||
| Sortino Ratio | 0.0755 | |||
| Treynor Ratio | 0.6566 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Strategic'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 Strategic Total Backtested Returns
Currently, Calamos Strategic Total is very steady. Calamos Strategic Total secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calamos Strategic Total, which you can use to evaluate the volatility of the entity. Please confirm Calamos Strategic's Downside Deviation of 0.8676, risk adjusted performance of 0.0985, and Mean Deviation of 0.5614 to double-check if the risk estimate we provide is consistent with the expected return of 0.0893%. The fund shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calamos Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Strategic is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
Calamos Strategic Total has good reverse predictability. Overlapping area represents the amount of predictability between Calamos Strategic time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th of December 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 Strategic Total price movement. The serial correlation of -0.53 indicates that about 53.0% of current Calamos Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Calamos Strategic Total lagged returns against current returns
Autocorrelation, which is Calamos Strategic 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 Strategic's fund expected returns. We can calculate the autocorrelation of Calamos Strategic returns to help us make a trade decision. For example, suppose you find that Calamos Strategic has exhibited high autocorrelation historically, and you observe that the 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 Strategic 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 Strategic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Strategic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calamos Strategic fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Strategic Lagged Returns
When evaluating Calamos Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Strategic fund have on its future price. Calamos Strategic 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 Strategic autocorrelation shows the relationship between Calamos Strategic fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Strategic Total.
Regressed Prices |
| Timeline |
Pair Trading with Calamos Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Calamos Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Calamos Strategic will appreciate offsetting losses from the drop in the long position's value.Moving against Calamos Fund
The ability to find closely correlated positions to Calamos Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calamos Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calamos Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calamos Strategic Total to buy it.
The correlation of Calamos Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calamos Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos Strategic Total moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Calamos Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Calamos Fund
Calamos Strategic financial ratios help investors to determine whether Calamos 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 Strategic security.
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