Calamos Global Correlations

CAGEX Fund

USD 15.87 0.01 0.06%

The current 90-days correlation between Calamos Global Equity and Calamos International Growth is 0.9 (i.e., Almost no 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

Very weak diversification

The correlation between Calamos Global Equity and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Equity 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 Equity. 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 income.

Moving together with Calamos Mutual Fund

0.87	SROIX	Calamos Antetokounmpo	Pair Corr
0.91	SROAX	Innealta Capital Sector	Pair Corr
0.87	SROCX	Calamos Antetokounmpo	Pair Corr
0.87	SRORX	Calamos Antetokounmpo	Pair Corr
0.88	CVAIX	Calamos Opportunistic	Pair Corr
0.88	CVACX	Calamos Opportunistic	Pair Corr
0.88	CVAAX	Calamos Opportunistic	Pair Corr
0.63	CVGRX	Calamos Growth	Pair Corr
0.87	CVLOX	Calamos Global Growth	Pair Corr
0.96	CVTCX	Calamos Growth Income	Pair Corr
0.66	CVTRX	Calamos Growth Income	Pair Corr
0.65	CGIOX	Calamos Growth And	Pair Corr
0.64	CGIIX	Calamos Growth Income	Pair Corr
0.71	CGRIX	Calamos Growth	Pair Corr
0.91	CIDVX	Calamos Dividend Growth	Pair Corr
0.8	CICVX	Calamos Convertible	Pair Corr
0.88	CIGEX	Calamos Global Equity	Pair Corr
0.85	CIHEX	Calamos Hedged Equity	Pair Corr
0.63	CISOX	Calamos International Potential Growth	Pair Corr

Moving against Calamos Mutual Fund

0.59	CSTIX	Calamos Short Term	Pair Corr
0.52	CSTBX	Calamos Short Term	Pair Corr

Related Correlations Analysis

	CIGRX	CVLOX	CNWGX	CVSIX	CHYDX
CIGRX		0.46	0.5	0.52	0.75	CIGRX
CVLOX	0.46		0.08	0.04	0.16	CVLOX
CNWGX	0.5	0.08		0.17	0.22	CNWGX
CVSIX	0.52	0.04	0.17		0.65	CVSIX
CHYDX	0.75	0.16	0.22	0.65		CHYDX
	CIGRX	CVLOX	CNWGX	CVSIX	CHYDX

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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
CIGRX	0.94	0.07	0.06	0.06	1.36	(0.89)	1.94	(2.23)	7.16
CVLOX	0.75	(0.06)	0.00	1.33	0.00	0.00	1.22	(1.35)	4.53
CNWGX	0.92	(0.01)	0.00	(0.05)	0.00	0.00	1.90	(2.05)	6.72
CVSIX	0.11	0.01	0.25	(0.30)	0.00	(0.14)	0.26	(0.20)	0.79
CHYDX	0.11	0.01	0.25	1.33	0.00	(0.18)	0.26	(0.26)	0.78

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