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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
CHY
Primary Facts
Asset Management
Name:
-
Sector:
- 30297.33K
Industry:
12.28
CEO:
John P. Calamos
Total Employees:
Small Cap
Our Technological Advancement Rating
Our Rating:
-
Calamos Conv & High Inc (XNAS:CHY) In-Depth Stock/Fundamental/Options Analysis Today
Primary Targets/Price Insights
Previous Close ($) :
Calamos Conv & High Inc (XNAS:CHY)
One Month Price Target:
Six Month Price Target :
$12.36
Likely Price in One Year's Time:
Ticker:
$12.77
Likely Trading Range Today Under (Normal Volatility)
$12.33
Price Upper limit ($) :
$13.26
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
P440
This week:
$11.72
This month :
$11.03
Other Primary facts
Market Cap:
-
Market Cap Classification:
879.59M
Number of Shares
IPO Date:
-
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
-25.4%
$9.78
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$13.68
15.28%
$10.88
$14.87
Medium risk (<10%) entry points
Buy Call
Sell Call
$13.04
Buy Put:
Sell Put:
$9.69
$11.52
$13.30
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
Asset Management
Sharpe Ratio:
CHY, is amongst the top 60% highest yielding stocks in terms of daily returns
Comparison:
0.80%
0.499140845
Sharpe ratio is 49.91% higher than the industry
Average Returns/Yield of
Asset Management
Daily returns:
1
Weekly returns:
0.04%
Monthly returns:
0.18%
Yearly returns:
8.58%
Comparison of returns:
-0.065180067
Classification:
Average annual returns/yield (last 3 years) is -6.52% below industry average
Results of T-Test of Returns:
CHY is a riskier investment compared to Nasdaq (IXIC)
Statistical test of Returns:
0.50
Volatility (measured by Standard Deviation)
Daily Volatility:
& is -47.11% lower than the market/S&P 500 average
Weekly Volatility:
2.23%
Monthly Volatility:
4.99%
Yearly Volatility:
9.99%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
43.53%
-87.09%
Value at Risk Analysis (VaR)
Daily VaR:
Volatility in last five trading days has been -87.09% below long-term volatility
Weekly VaR:
-4.55%
Monthly VaR:
-10.18%
How Much Can the price of
Asset Management
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
Risk of crash in next 6/12 months: Medium (<50%)
Worst case (decline):
$10.12
This translates to price declining to:
-18%
This translates to price declining to:
-70.50%
Severe Crash Probability
-20.35%
What is Value at Risk (VaR)?
Risk Fundamentals
23.06%
CHY is a 43.64% riskier investment compared to the market/S&P 500 & is 23.06% riskier than Nasdaq (IXIC)
CHY is a 43.64% riskier investment compared to the market/S&P 500
Beta Examination of
Asset Management
1.183
Expected beta in 1 year's time:
0.807
Expected beta in 3 year's time:
0.732
Unlevered (debt free) Beta:
Beta in relation to market/S&P 500--1.18
Beta in relation to Nasdaq (XNAS):
Returns are left (negative) skewed; mean returns are lower than median and mode returns
Beta in relation to all global stocks::
Beta is -30.16% below industry average
Beta Comparison & Analysis
Beta of competitors/peers::
-
-0.701
Average Industry Beta:
Beta is -70.08% lower than peers
-0.301600378
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
WACC is 11.08% above industry mean WACC
-
Alpha provided | Alpha Analysis
Alpha provided:
1.035
-0.521
-1.700
Analysis of Cost of Capital of
Asset Management
Equity cost of capital:
Alpha is -170% below the market average
-0.237
Unlevered (without debt) cost of capital:
Equity cost of capital is -23.72% below industry mean WACC
Before-tax cost of debt:
-
After-tax cost of debt:
-1.81%
Overall debt rating:
-1.43%
Weighted average cost of capital (WACC):
-1.81%
11.08%
Key Per-Share Metrics & Analysis
Revenue per share:
-
Revenue growth rate per share of (3Y):
Price to sales ratio is 13.76% above the industry mean
1277.39%
EPS:
-
Expected Annual growth rate of EPS (3Y):
Price to free cash flow ratio is -43.45% lower than the industry
94.01%
Free cash flow (FCF) per share:
Price to book ratio is -28.08% below the industry mean
-
-1.017088515
Debt per share
Debt repayment rate in previous year: 0.00%
EBITDA per share
-
Valuation Analysis Today of
Asset Management
P/E Ratio:
-
P/E Ratio of Competitors/Peers:
-
-
-36.81697123
-1.333541831
-
-
P/S (Price to Sales ratio):
-
0.1376429
P/B (Price to book value ratio):
Price to sales ratio is 13.76% above the industry mean
-
-0.434532825
Net income growth rate (3Y):
Annual revenue growth rate is 1277.39% above the industry average
1026.23%
Dividend Analysis
Net income growth rate is 1026.23% higher than the average industry net income growth rate
Dividend payout rate: 112.43%
$0.10
Previous Dividend: $0.10
Previous adjusted dividend: $0.10
Previous Dividend: $0.40
-
-
Average dividend payment (long-term): $0.10
Average dividend increase/decrease (growth rate) % per period: 4050981.82%
-
-
-
-
-
Dividend History:
-
2022-05-12--$0.10
2022-03-11--$0.10
2022-06-10--$0.10
2022-04-12--$0.10
2022-02-11--$0.10
733680.9702
In-depth Debt & Leverage Analysis
Debt to equity ratio:
32.48%
Net debt to equity ratio:
The remaining useful life of property plant & equipment is: 3.1 years
Debt to assets ratio:
21.79%
Net debt to assets ratio:
36.07%
-53.70%
Ability to repay debt:
Interest coverage ratio:
Debt-to-asset ratio is -53.70% below industry average
-1.14
Looking forward:
Debt growth rate:
1.3x
-631.46%
0.00%
Analysis of Key Statistics
Correlation of price movement with the market:
17.12557282
Statistical significance of correlation:
-0.34%
Average Correlation of the industry with the market:
0.548
-4.85%
R Squared (percentage of price movement explained by movement of the market):
0.548
Correlation of price movement with Nasdaq (^IXIC):
0.3
Covariance of price movement with the market:
-0.029
Kurtosis
-0.038
33.613
Skewness of returns:
Returns have severe fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are considerably more likely, compared to assets with normally distributed returns
-2.113
Fundamental Analysis & Dupont Analysis of
Asset Management
Gross Profit Margin Ratio:
106.55M
Operating Profit Margin Ratio:
Net profit margin is 22.18% higher than the industry
35.96%
Net Profit Margin Ratio:
106.55M
Effective Tax Rate:
-
-
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
Return on assets (ROA) is -30.14% lower than the industry
-75.97%
Financial Leverage
Asset Turnover Ratio (ROA):
Operating profit margin is 35.96% higher than the industry
-30.14%
Financial Leverage:
Interest coverage ratio is -113.98% less than industry average
Current Ratio:
Return on equity (ROE) is -75.97% lower than the industry
-
Cash Conversion Cycle (days):
-
-1.171289682
-
Stock based compensation to net income ratio:
Equity growth rate per share is -101.71% lower than the industry
In-depth Efficiency Analysis
Revenue generated per employee:
Cash conversion cycle is -117.13% below industry average
-
EBITDA generated per employee:
-
-
Profit generated per employee:
-
-
Free cash flow (FCF) generated per employee:
-
-
Assets/Capital per employee
-
-
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
Asset Management
$0.17
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EBSB
GERMAN AMERICAN BANCORP, INC. (XNAS:GABC)
OAKTREE SPECIALTY LENDING CORPORATION (XNAS:OCSL)
CONNECTONE BANCORP, INC. (XNAS:CNOB)
STONEX GROUP INC. (XNAS:SNEX)
Current Analyst Ratings
-$2.28
Strong buy�0%
Buy�0%
Hold�0%
Sell�0%
Strong sell�0%
Income Statement
Period:
4/30/2020
Date:
Value
Revenue:
TTM
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
127.62M
21.07M
334%
-
-
24.94M
-
-
46.01M
-
- 7872.60K
-
205%
-
- 8269.88K
230%
-
Statement of Cash Flow
Date:
Period:
316.68M
Differed Income Tax :
-
Stock Based Compensation :
-
Change in Working Capital :
-
Accounts Receivables:
2.10M
Other Working Capital:
-
Other Non-Cash Items:
-
Net Cash Provided by Operating Activities:
- 349074.66K
Investments in PP&E:
- 30297.33K
Net Acquisitions:
-
Purchases of Investments:
-
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
Value
10/31/2021
2021
FY
43.32M
-
43.32M
8.85M
-
-
-
-
-
-
1.75B
-
-
-
1.80B
1.80B
10.05M
-
-
-
-
-
435.40M
-
435.40M
1.03B
592.05M
873.81M
333.35M
-
Value
24.94M
-
1.21B
1.80B
-
435.40M
-
-
-
-
-
4.25M
-
- 82458.87K
151.73M
73.52M
-
43.23M
43.32M
89.19K
- 30297.33K
-
Our Proprietary Portfolio Rating
Our Rating:
-
Price Forecast/Expected Price in Next 5 Years of
Asset Management
2023
2024
2025
2026
2027
0.124346999
$13.33
$0.13
$0.14
$0.16