Calamos Global Correlations

CAGCX Fund

USD 12.64 0.01 0.08%

The current 90-days correlation between Calamos Global Vertible and Adams Natural Resources is 0.25 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calamos Global Correlation With Market

Poor diversification

The correlation between Calamos Global Vertible and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Vertible and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Global Vertible. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Calamos Mutual Fund

0.73	CVSIX	Calamos Market Neutral	Pair Corr
0.83	CVSCX	Calamos Market Neutral	Pair Corr
0.81	CVSOX	Calamos Market Neutral	Pair Corr
0.89	CXGCX	Calamos Global Vertible	Pair Corr
0.82	CHYDX	Calamos High Income	Pair Corr
0.93	CIGRX	Calamos International	Pair Corr
0.93	CIGOX	Calamos International	Pair Corr
0.8	CIGIX	Calamos International	Pair Corr
0.93	CIGCX	Calamos International	Pair Corr
0.83	CIHYX	Calamos High Income	Pair Corr
0.7	CMNIX	Calamos Market Neutral	Pair Corr
0.68	CMRCX	Columbia Marsico Growth	Pair Corr
0.61	CNWIX	Calamos Evolving World	Pair Corr
0.61	CNWGX	Calamos Evolving World Potential Growth	Pair Corr

Related Correlations Analysis

	PEO	TMLAX	GLEAX	BACCX	PSPFX	IEFCX	SEPIX
PEO		0.83	0.29	0.95	0.29	0.97	0.5	PEO
TMLAX	0.83		0.54	0.8	0.29	0.85	0.44	TMLAX
GLEAX	0.29	0.54		0.33	0.63	0.32	0.73	GLEAX
BACCX	0.95	0.8	0.33		0.44	0.98	0.52	BACCX
PSPFX	0.29	0.29	0.63	0.44		0.36	0.69	PSPFX
IEFCX	0.97	0.85	0.32	0.98	0.36		0.52	IEFCX
SEPIX	0.5	0.44	0.73	0.52	0.69	0.52		SEPIX
	PEO	TMLAX	GLEAX	BACCX	PSPFX	IEFCX	SEPIX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Calamos Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEO	0.85	0.11	0.08	0.24	1.07	(0.77)	1.79	(1.87)	5.71
TMLAX	1.04	0.10	0.07	(0.50)	1.31	(1.11)	1.88	(2.24)	6.23
GLEAX	1.03	0.13	0.09	(1.42)	1.29	(1.09)	2.35	(2.42)	6.59
BACCX	0.81	0.12	0.09	0.22	1.21	(0.80)	1.49	(2.08)	5.48
PSPFX	0.85	0.06	0.05	0.13	1.09	(0.92)	1.72	(2.21)	5.25
IEFCX	0.83	0.11	0.08	0.21	1.20	(0.79)	1.54	(2.18)	5.65
SEPIX	0.71	0.11	0.11	0.18	0.81	(0.78)	1.44	(1.56)	4.34

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Calamos Global Correlations

Calamos Global Correlation With Market

Poor diversification

Moving together with Calamos Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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