Calamos Dividend Growth Fund Market Value
| CIDVX Fund | USD 16.89 0.02 0.12% |
| Symbol | Calamos |
Calamos Dividend '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 Dividend'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 Dividend.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Calamos Dividend on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Calamos Dividend Growth or generate 0.0% return on investment in Calamos Dividend over 30 days. Calamos Dividend is related to or competes with Morningstar Unconstrained, and SPACE. Under normal market conditions, the fund invests at least 80 percent of its net assets in dividend-paying equities More
Calamos Dividend 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 Dividend'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 Dividend Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7044 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.17 |
Calamos Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Dividend's standard deviation. In reality, there are many statistical measures that can use Calamos Dividend historical prices to predict the future Calamos Dividend's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0758 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Dividend'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 Dividend Growth Backtested Returns
We consider Calamos Dividend very steady. Calamos Dividend Growth secures Sharpe Ratio (or Efficiency) of 0.0899, which signifies that the fund had a 0.0899% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calamos Dividend Growth, which you can use to evaluate the volatility of the entity. Please confirm Calamos Dividend's Downside Deviation of 0.7044, risk adjusted performance of 0.0716, and Mean Deviation of 0.5695 to double-check if the risk estimate we provide is consistent with the expected return of 0.0681%. The fund shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. Calamos Dividend returns are very sensitive to returns on the market. As the market goes up or down, Calamos Dividend is expected to follow.
Auto-correlation | 0.48 |
Average predictability
Calamos Dividend Growth has average predictability. Overlapping area represents the amount of predictability between Calamos Dividend time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. 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 Dividend Growth price movement. The serial correlation of 0.48 indicates that about 48.0% of current Calamos Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Calamos Dividend Growth lagged returns against current returns
Autocorrelation, which is Calamos Dividend 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 Dividend's mutual fund expected returns. We can calculate the autocorrelation of Calamos Dividend returns to help us make a trade decision. For example, suppose you find that Calamos Dividend 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 Dividend 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 Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Dividend 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 Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Dividend Lagged Returns
When evaluating Calamos Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Dividend mutual fund have on its future price. Calamos Dividend 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 Dividend autocorrelation shows the relationship between Calamos Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Dividend Growth.
Regressed Prices |
| Timeline |
Pair Trading with Calamos Dividend
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Calamos Dividend position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Calamos Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Calamos Mutual Fund
| 0.98 | CVGRX | Calamos Growth | PairCorr |
| 0.98 | CGEOX | Calamos Global Equity | PairCorr |
| 0.94 | CMNIX | Calamos Market Neutral | PairCorr |
| 0.62 | CPCLX | Calamos Phineus Longshort | PairCorr |
| 1.0 | CADVX | Calamos Dividend Growth | PairCorr |
Moving against Calamos Mutual Fund
| 0.69 | XPPRX | Voya Prime Rate | PairCorr |
The ability to find closely correlated positions to Calamos Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calamos Dividend when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calamos Dividend - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calamos Dividend Growth to buy it.
The correlation of Calamos Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calamos Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos Dividend Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Calamos Dividend can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Calamos Dividend Correlation, Calamos Dividend Volatility and Calamos Dividend Alpha and Beta module to complement your research on Calamos Dividend. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Calamos Dividend 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.