CHW Stock Summary and Trading Ideas (Calamos Global Dynamic Income - Closed End | NASDAQ:CHW)

Calamos Global Dynamic Income Fund (CHW) is a global enhanced fixed-income offering that seeks to provide an attractive monthly distribution, with a secondary objective of capital appreciation. The fund offers a diversified way to participate in the long-term potential of global markets. The fund tries to utilize a highly flexible approach, and can invest in equities, convertible securities and high-yield securities. The fund can also employ alternative strategies such as covered call writing and convertible arbitrage. Through covered call writing, the fund seeks to generate income by selling (“writing”) options on market indexes. In the convertible arbitrage strategy, the fund invests in convertible securities and short sell the convertibles’ underlying equities to generate income and hedge against risk. The fund believes that this broad mandate enhances its ability to capitalize on market volatility, manage potential downside risks and generate more income versus traditional fixed-income funds. The allocation to each asset class and strategy is dynamic, and reflects the funds view of the economic landscape as well as the potential of individual securities.

Calamos Global Dynamic Income - Closed End trades on the NASDAQ stock market under the symbol CHW.

As of April 24, 2024, CHW stock price climbed to $6.36 with 20,431 million shares trading.

CHW has a beta of 1.23, meaning it tends to be more sensitive to market movements. CHW has a correlation of 0.75 to the broad based SPY ETF.

CHW has a market cap of $406.18 million. This is considered a Small Cap stock.

In the last 3 years, CHW stock traded as high as $11.39 and as low as $5.07.

CHW stock has underperformed the market in the last year with a return of +17.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CHW shares. However, CHW has outperformed the market in the last 3 month and 2 week periods, returning +11.5% and -2.1%, while SPY returned +4.5% and -2.7%, respectively. This indicates CHW has been having a stronger performance recently.

CHW support price is $6.28 and resistance is $6.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHW stock will trade within this expected range on the day.