Calamos Market Neutral Fund Quote
| CVSIX Fund | USD 14.54 0.01 0.07% |
Performance14 of 100
| Odds Of DistressLess than 18
|
Calamos Market is trading at 14.54 as of the 19th of April 2024; that is -0.07 percent down since the beginning of the trading day. The fund's open price was 14.55. Calamos Market has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Calamos Market Neutral are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund i invests in equities, convertible securities of U.S. companies without regard to market capitalization and employs short selling and enters into total return swaps to enhance income and hedge against market risk. The average term to maturity of the convertible securities purchased by the fund will typically range from two to ten years. More on Calamos Market Neutral
Moving together with Calamos Mutual Fund
| 0.93 | CVAIX | Calamos Opportunistic | PairCorr |
| 0.93 | CVACX | Calamos Opportunistic | PairCorr |
| 0.93 | CVAAX | Calamos Opportunistic | PairCorr |
| 0.94 | CVGRX | Calamos Growth | PairCorr |
| 0.94 | CVGCX | Calamos Growth | PairCorr |
| 0.98 | CVLOX | Calamos Global Growth | PairCorr |
| 0.98 | CVLCX | Calamos Global Growth | PairCorr |
Calamos Mutual 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 Market's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Calamos Market or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Calamos Funds, Large Blend Funds, Relative Value Arbitrage Funds, Relative Value Arbitrage, Calamos (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of March 2023 |
| Fiscal Year End | October |
Calamos Market Neutral [CVSIX] is traded in USA and was established 19th of April 2024. Calamos Market is listed under Calamos category by Fama And French industry classification. The fund is listed under Relative Value Arbitrage category and is part of Calamos family. This fund currently has accumulated 14.42 B in assets under management (AUM) with no minimum investment requirementsCalamos Market Neutral is currently producing year-to-date (YTD) return of 1.51% with the current yeild of 0.02%, while the total return for the last 3 years was 2.73%.
Check Calamos Market Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Calamos Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Calamos Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Calamos Market Neutral Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Calamos Market Neutral Mutual Fund Constituents
| CRM | Salesforce | Stock | Information Technology |
| INTC | Intel | Stock | Information Technology |
| MCHP | Microchip Technology | Stock | Information Technology |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary |
| BKNG | Booking Holdings | Stock | Consumer Discretionary |
| AMD | Advanced Micro Devices | Stock | Information Technology |
| W | Wayfair | Stock | Consumer Discretionary |
Calamos Market Target Price Odds Analysis
Based on a normal probability distribution, the odds of Calamos Market jumping above the current price in 90 days from now is about 35.08%. The Calamos Market Neutral probability density function shows the probability of Calamos Market mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Calamos Market has a beta of 0.0974 suggesting as returns on the market go up, Calamos Market average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Calamos Market Neutral will be expected to be much smaller as well. Additionally, calamos Market Neutral has an alpha of 0.0022, implying that it can generate a 0.002155 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Calamos Market to move above the current price in 90 days from now is about 35.08 (This Calamos Market Neutral probability density function shows the probability of Calamos Mutual Fund to fall within a particular range of prices over 90 days) .
Calamos Market Neutral Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Calamos Market market risk premium is the additional return an investor will receive from holding Calamos Market 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 Market. 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 Market's alpha and beta are two of the key measurements used to evaluate Calamos Market's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0825 | |||
| Standard Deviation | 0.1041 | |||
| Variance | 0.0108 | |||
| Downside Variance | 0.0181 |
Calamos Market Against Markets
Picking the right benchmark for Calamos Market mutual 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 Market mutual 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 Market is critical whether you are bullish or bearish towards Calamos Market Neutral at a given time. Please also check how Calamos Market'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 Market 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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| All Next | Launch Module |
How to buy Calamos Mutual Fund?
Before investing in Calamos Market, 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 Market. To buy Calamos Market fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Calamos Market. 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 Market fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Calamos Market Neutral 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 Market Neutral 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 Market Neutral, 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 Market Neutral?
The danger of trading Calamos Market Neutral is mainly related to its market volatility and Mutual 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 Market 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 Market. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calamos Market Neutral 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 Market Neutral. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.