Calamos Convertible Opportunities Fund Technical Analysis
| XCHIX Fund | USD 9.67 0.02 0.21% |
As of the 18th of April 2024, Calamos Convertible shows the Risk Adjusted Performance of (0.04), mean deviation of 0.4494, and Standard Deviation of 0.5689. Our technical analysis interface gives you tools to check existing technical drivers of Calamos Convertible, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Calamos Convertible Opportunities, which can be compared to its peers. Please confirm Calamos Convertible market risk adjusted performance and treynor ratio to decide if Calamos Convertible is priced correctly, providing market reflects its regular price of 9.67 per share.
Calamos Convertible Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Calamos, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CalamosCalamos |
Calamos Convertible technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Calamos Convertible Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Calamos Convertible volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Calamos Convertible Trend Analysis
Use this graph to draw trend lines for Calamos Convertible Opportunities. You can use it to identify possible trend reversals for Calamos Convertible as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Calamos Convertible price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Calamos Convertible Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Calamos Convertible Opportunities applied against its price change over selected period. The best fit line has a slop of 0.0011 , which may suggest that Calamos Convertible Opportunities market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted Calamos Convertible price change compared to its average price change.About Calamos Convertible Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Calamos Convertible Opportunities on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Calamos Convertible Opportunities based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Calamos Convertible price pattern first instead of the macroeconomic environment surrounding Calamos Convertible. By analyzing Calamos Convertible's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Calamos Convertible's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Calamos Convertible specific price patterns or momentum indicators. Please read more on our technical analysis page.
Calamos Convertible April 18, 2024 Technical Indicators
Most technical analysis of Calamos help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Calamos from various momentum indicators to cycle indicators. When you analyze Calamos charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 0.4502 | |||
| Mean Deviation | 0.4494 | |||
| Coefficient Of Variation | (1,685) | |||
| Standard Deviation | 0.5689 | |||
| Variance | 0.3237 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4402 | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.7952 | |||
| Skewness | (0.40) | |||
| Kurtosis | (0.54) |
Calamos Convertible April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Calamos stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | (Huge) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 9.67 | ||
| Day Typical Price | 9.67 | ||
| Price Action Indicator | (0.01) |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Calamos Convertible Opportunities. 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between Calamos Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calamos Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calamos Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.