Calamos Opportunistic Value Fund Market Value
| CVACX Fund | USD 16.20 0.32 2.02% |
| Symbol | Calamos |
Calamos Opportunistic '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 Opportunistic'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 Opportunistic.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Calamos Opportunistic on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Opportunistic Value or generate 0.0% return on investment in Calamos Opportunistic over 90 days. Calamos Opportunistic is related to or competes with Fidelity Flex, Angel Oak, Pioneer Multi-asset, Leader Short-term, Delaware Investments, and Barings Active. Its portfolio may include securities of well-established companies with large market capitalizations as well as small, u... More
Calamos Opportunistic 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 Opportunistic'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 Opportunistic Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.22 |
Calamos Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Opportunistic's standard deviation. In reality, there are many statistical measures that can use Calamos Opportunistic historical prices to predict the future Calamos Opportunistic's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Opportunistic'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 Opportunistic Backtested Returns
Calamos Opportunistic secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the fund had a -0.18 % return per unit of risk over the last 3 months. Calamos Opportunistic Value exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Calamos Opportunistic's Standard Deviation of 1.49, risk adjusted performance of (0.15), and Mean Deviation of 1.01 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Calamos Opportunistic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Opportunistic is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Calamos Opportunistic Value has very weak reverse predictability. Overlapping area represents the amount of predictability between Calamos Opportunistic time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Opportunistic price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Calamos Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Calamos Opportunistic lagged returns against current returns
Autocorrelation, which is Calamos Opportunistic 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 Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Calamos Opportunistic returns to help us make a trade decision. For example, suppose you find that Calamos Opportunistic 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 Opportunistic 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 Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Opportunistic 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 Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Opportunistic Lagged Returns
When evaluating Calamos Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Opportunistic mutual fund have on its future price. Calamos Opportunistic 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 Opportunistic autocorrelation shows the relationship between Calamos Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Opportunistic Value.
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 Opportunistic 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 Opportunistic security.
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