Calamos Convertible And Fund Quote
| CHY Fund | USD 11.39 0.05 0.44% |
Performance1 of 100
| Odds Of DistressLess than 18
|
Calamos Convertible is trading at 11.39 as of the 25th of April 2024; that is -0.44 percent decrease since the beginning of the trading day. The fund's open price was 11.44. Calamos Convertible has less than a 18 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Calamos Convertible And are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. Calamos Convertible and High Income Fund was formed on March 12, 2003 and is domiciled in the United States. Calamos Cv operates under Asset Management classification in the United States and is traded on NASDAQ Exchange.. The company has 73.69 M outstanding shares of which 48.97 K shares are currently shorted by investors with about 0.29 days to cover. More on Calamos Convertible And
Moving together with Calamos Fund
| 0.73 | NEA | Nuveen Amt Free | PairCorr |
| 0.74 | NAD | Nuveen Dividend Advantage | PairCorr |
| 0.75 | NAC | Nuveen California | PairCorr |
Moving against Calamos Fund
| 0.57 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.44 | VZ | Verizon Communications Financial Report 23rd of July 2024 | PairCorr |
Calamos Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Calamos Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Calamos Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Vice President | John Koudounis |
| Fund Concentration | Convertibles Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
Calamos Convertible And [CHY] is traded in USA and was established 25th of April 2024. The fund is not filed under any group at the present time. Calamos Convertible And currently has in assets under management (AUM) with no minimum investment requirementsThe fund is currently generating return of 0.44% with the current yeild of 0.01%, while the total return for the last 3 years was -5.13%.
Calamos Convertible And has about 77.31 K in cash with 116.41 M of positive cash flow from operations.
Check Calamos Convertible Probability Of Bankruptcy
Calamos Convertible Target Price Odds Analysis
Based on a normal probability distribution, the odds of Calamos Convertible jumping above the current price in 90 days from now is about 72.11%. The Calamos Convertible And probability density function shows the probability of Calamos Convertible fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Calamos Convertible has a beta of 0.8649 suggesting Calamos Convertible And market returns are sensitive to returns on the market. As the market goes up or down, Calamos Convertible is expected to follow. Additionally, calamos Convertible And has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Calamos Convertible to move above the current price in 90 days from now is about 72.11 (This Calamos Convertible And probability density function shows the probability of Calamos Fund to fall within a particular range of prices over 90 days) .
Calamos Convertible And Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Calamos Convertible market risk premium is the additional return an investor will receive from holding Calamos Convertible long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Calamos Convertible. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Calamos Convertible's alpha and beta are two of the key measurements used to evaluate Calamos Convertible's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) |
Calamos Convertible Against Markets
Picking the right benchmark for Calamos Convertible fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Calamos Convertible fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Calamos Convertible is critical whether you are bullish or bearish towards Calamos Convertible And at a given time. Please also check how Calamos Convertible's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Calamos Convertible without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Calamos Fund?
Before investing in Calamos Convertible, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Calamos Convertible. To buy Calamos Convertible fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Calamos Convertible. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Calamos Convertible fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Calamos Convertible And fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Calamos Convertible And fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Calamos Convertible And, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Calamos Convertible And?
The danger of trading Calamos Convertible And is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Calamos Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Calamos Convertible. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calamos Convertible And is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Convertible And. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Calamos Convertible And information on this page should be used as a complementary analysis to other Calamos Convertible's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.