Calamos Global Equity Fund Market Value
| CGEOX Fund | USD 17.89 0.35 2.00% |
| Symbol | Calamos |
Calamos Global '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 Global'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 Global.
| 05/27/2022 |
| 05/16/2024 |
If you would invest 0.00 in Calamos Global on May 27, 2022 and sell it all today you would earn a total of 0.00 from holding Calamos Global Equity or generate 0.0% return on investment in Calamos Global over 720 days. Calamos Global is related to or competes with American Funds, American Funds, New Perspective, New Perspective, New Perspective, and New Perspective. The fund invests primarily in a globally-diversified portfolio of equity securities More
Calamos Global 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 Global'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 Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9465 | |||
| Information Ratio | 0.0412 | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.93 |
Calamos Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calamos Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calamos Global's standard deviation. In reality, there are many statistical measures that can use Calamos Global historical prices to predict the future Calamos Global's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.1155 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0475 | |||
| Treynor Ratio | 0.9954 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Calamos Global'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 Global Equity Backtested Returns
We consider Calamos Global very steady. Calamos Global Equity secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Calamos Global Equity, which you can use to evaluate the volatility of the entity. Please confirm Calamos Global's Risk Adjusted Performance of 0.0822, mean deviation of 0.846, and Downside Deviation of 0.9465 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calamos Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calamos Global is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Calamos Global Equity has modest predictability. Overlapping area represents the amount of predictability between Calamos Global time series from 27th of May 2022 to 22nd of May 2023 and 22nd of May 2023 to 16th of May 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 Global Equity price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Calamos Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.33 |
Calamos Global Equity lagged returns against current returns
Autocorrelation, which is Calamos Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Calamos Global returns to help us make a trade decision. For example, suppose you find that Calamos Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calamos Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Calamos Global Lagged Returns
When evaluating Calamos Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calamos Global mutual fund have on its future price. Calamos Global 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 Global autocorrelation shows the relationship between Calamos Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Calamos Global Equity.
Regressed Prices |
| Timeline |
Pair Trading with Calamos Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Calamos Mutual Fund
| 0.87 | CVAIX | Calamos Opportunistic | PairCorr |
| 0.86 | CVACX | Calamos Opportunistic | PairCorr |
| 0.87 | CVAAX | Calamos Opportunistic | PairCorr |
| 0.86 | CVGRX | Calamos Growth | PairCorr |
| 0.85 | CVGCX | Calamos Growth | PairCorr |
The ability to find closely correlated positions to Calamos Global 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 Global 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 Global - 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 Global Equity to buy it.
The correlation of Calamos Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos Global Equity 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 Global 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 Global Correlation, Calamos Global Volatility and Calamos Global Alpha and Beta module to complement your research on Calamos Global. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Calamos Global 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.