Calamos Phineus Longshort Fund Quote
| CPLIX Fund | USD 16.92 0.04 0.24% |
Performance16 of 100
| Odds Of DistressLess than 17
|
Calamos Phineus is trading at 16.92 as of the 19th of April 2024; that is -0.24 percent decrease since the beginning of the trading day. The fund's open price was 16.96. Calamos Phineus has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Calamos Phineus Longshort are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2023 and ending today, the 19th of April 2024. Click here to learn more.
The fund aims to achieve its investment objective primarily by investing globally in publicly listed equity securities, including common stock and American Depositary Receipts, of issuers of all market capitalizations that operate in the knowledge-based sectors such as technology, communications and media, as well as financial services and healthcare, and other investment companies, including exchange-traded funds, that track or otherwise provide exposure to such sectors.. More on Calamos Phineus Longshort
Moving together with Calamos Mutual Fund
| 0.75 | CVAIX | Calamos Opportunistic | PairCorr |
| 0.75 | CVACX | Calamos Opportunistic | PairCorr |
| 0.75 | CVAAX | Calamos Opportunistic | PairCorr |
| 0.76 | CVGRX | Calamos Growth | PairCorr |
| 0.76 | CVGCX | Calamos Growth | PairCorr |
| 0.83 | CVLOX | Calamos Global Growth | PairCorr |
| 0.83 | 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 Phineus' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Calamos Phineus 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, Long-Short Equity Funds, Long-Short Equity, Calamos (View all Sectors) |
| Update Date | 31st of March 2024 |
Calamos Phineus Longshort [CPLIX] is traded in USA and was established 19th of April 2024. Calamos Phineus is listed under Calamos category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of Calamos family. This fund currently has accumulated 1.22 B in assets under management (AUM) with minimum initial investment of 1000 K. Calamos Phineus Longshort is currently producing year-to-date (YTD) return of 4.59% with the current yeild of 0.02%, while the total return for the last 3 years was 1.65%.
Check Calamos Phineus 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 Phineus Longshort 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 Phineus Longshort Mutual Fund Constituents
| LH | Laboratory of | Stock | Health Care |
| FXI | iShares China Large Cap | Etf | China Region |
| XLP | Consumer Staples Select | Etf | Consumer Defensive |
| SPY | SPDR SP 500 | Etf | Large Blend |
| USMV | iShares MSCI USA | Etf | Large Blend |
| C | Citigroup | Stock | Financials |
| PYPL | PayPal Holdings | Stock | Financials |
Calamos Phineus Target Price Odds Analysis
Based on a normal probability distribution, the odds of Calamos Phineus jumping above the current price in 90 days from now is under 4%. The Calamos Phineus Longshort probability density function shows the probability of Calamos Phineus mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Calamos Phineus has a beta of 0.2663 suggesting as returns on the market go up, Calamos Phineus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Calamos Phineus Longshort will be expected to be much smaller as well. Additionally, calamos Phineus Longshort has an alpha of 0.0628, implying that it can generate a 0.0628 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Calamos Phineus to move above the current price in 90 days from now is under 4 (This Calamos Phineus Longshort probability density function shows the probability of Calamos Mutual Fund to fall within a particular range of prices over 90 days) .
Calamos Phineus Longshort Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Calamos Phineus market risk premium is the additional return an investor will receive from holding Calamos Phineus 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 Phineus. 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 Phineus' alpha and beta are two of the key measurements used to evaluate Calamos Phineus' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3001 | |||
| Standard Deviation | 0.4032 | |||
| Variance | 0.1625 | |||
| Downside Variance | 0.1142 |
Calamos Phineus Against Markets
Picking the right benchmark for Calamos Phineus 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 Phineus 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 Phineus is critical whether you are bullish or bearish towards Calamos Phineus Longshort at a given time. Please also check how Calamos Phineus' 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 Phineus 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 Mutual Fund?
Before investing in Calamos Phineus, 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 Phineus. To buy Calamos Phineus fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Calamos Phineus. 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 Phineus fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Calamos Phineus Longshort 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 Phineus Longshort 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 Phineus Longshort, 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 Phineus Longshort?
The danger of trading Calamos Phineus Longshort 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 Phineus 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 Phineus. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Calamos Phineus Longshort 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 Phineus Longshort. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.