AI CHY Forecast

Price Forecast:


Bearish<->Bullish


Bullish Case: CHY may benefit from recovering interest rates and continued institutional support. The high dividend yield could drive demand, especially if macroeconomic conditions stabilize, boosting prices significantly in the long term.


Bearish Case: Persistently high inflation and economic uncertainty might pressure CHY’s price further downward. The historical return surface indicates a likelihood of negative returns in shorter holding periods, suggesting caution.


Potential Outcomes:

1. Economic recovery leading to a 40% chance of price rise above $13.

2. Continued yield pressure, 35% chance of decline below $11.

3. Unexpected volatility causing significant fluctuations, 25% likelihood.


Trading Oracle: Sign Up to access trading oracle trade ideas.


October 16, 2024


Calamos Convertible and High Income Forecast

CHY        Calamos Convertible and High Income











Correlated Assets

Assets that tend to move strongly with CHY



ADSK Forecast + Options Trading Strategies   ADSK  Autodesk (0.75)


CLX Forecast + Options Trading Strategies   CLX  Clorox (0.73)


CTSH Forecast + Options Trading Strategies   CTSH  Cognizant Technology (0.73)


HD Forecast + Options Trading Strategies   HD  Home Depot (0.71)


ABT Forecast + Options Trading Strategies   ABT  Abbott Laboratories (0.71)



Uncorrelated Assets

Assets with little price relationship to CHY



SHIP Forecast + Options Trading Strategies   SHIP  Seanergy Maritime (0.0)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.0)


LSCC Forecast + Options Trading Strategies   LSCC  Lattice Semiconductor (-0.0)


TCOM Forecast + Options Trading Strategies   TCOM  Trip.com (-0.0)


LOGI Forecast + Options Trading Strategies   LOGI  Logitech International (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CHY



UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.57)


BG Forecast + Options Trading Strategies   BG  Bunge (-0.58)


IE Forecast + Options Trading Strategies   IE  Ivanhoe Electric (-0.59)


HAE Forecast + Options Trading Strategies   HAE  Haemonetics (-0.64)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (-0.66)









Become a more profitable investor with AI optimized trading strategies






×

Chat with CHY


 Ask any question about CHY!