Calamos Convertible Correlations

CCVIX Fund

USD 21.52 0.29 1.37%

The current 90-days correlation between Calamos Convertible and Siit Emerging Markets is 0.36 (i.e., Weak diversification). The correlation of Calamos Convertible 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 Convertible Correlation With Market

Poor diversification

The correlation between Calamos Vertible Fund and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Vertible Fund 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 Vertible Fund. 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 gross domestic product.

Moving together with Calamos Mutual Fund

0.94	SROIX	Calamos Antetokounmpo	Pair Corr
0.94	SROAX	Innealta Capital Sector	Pair Corr
0.94	SROCX	Calamos Antetokounmpo	Pair Corr
0.94	SRORX	Calamos Antetokounmpo	Pair Corr
0.87	CVAIX	Calamos Opportunistic	Pair Corr
0.82	CVACX	Calamos Opportunistic	Pair Corr
0.87	CVAAX	Calamos Opportunistic	Pair Corr
0.9	CVGRX	Calamos Growth	Pair Corr
0.68	CVGCX	Calamos Growth	Pair Corr
0.78	CVLOX	Calamos Global Growth	Pair Corr
0.73	CVLCX	Calamos Global Growth	Pair Corr
0.94	CVTCX	Calamos Growth Income	Pair Corr
0.94	CVTRX	Calamos Growth Income	Pair Corr
0.79	CGCIX	Calamos Global Growth	Pair Corr
0.79	CGEOX	Calamos Global Equity	Pair Corr
0.93	CGIOX	Calamos Growth And	Pair Corr
0.93	CGIIX	Calamos Growth Income	Pair Corr
0.93	CGRIX	Calamos Growth	Pair Corr
0.97	CIDVX	Calamos Dividend Growth	Pair Corr
1.0	CICVX	Calamos Convertible	Pair Corr
0.79	CIGEX	Calamos Global Equity	Pair Corr
0.95	CIHEX	Calamos Hedged Equity	Pair Corr
0.61	CISOX	Calamos International	Pair Corr

Moving against Calamos Mutual Fund

0.53	CSTIX	Calamos Short Term	Pair Corr
0.53	CSTBX	Calamos Short Term	Pair Corr

Related Correlations Analysis

	SEDAX	SAEMX	ANGCX	UUPIX	FHKFX	SMSDX	VIESX
SEDAX		0.79	0.89	0.9	0.85	0.95	0.81	SEDAX
SAEMX	0.79		0.72	0.85	0.94	0.76	0.94	SAEMX
ANGCX	0.89	0.72		0.71	0.72	0.8	0.67	ANGCX
UUPIX	0.9	0.85	0.71		0.96	0.92	0.9	UUPIX
FHKFX	0.85	0.94	0.72	0.96		0.85	0.95	FHKFX
SMSDX	0.95	0.76	0.8	0.92	0.85		0.82	SMSDX
VIESX	0.81	0.94	0.67	0.9	0.95	0.82		VIESX
	SEDAX	SAEMX	ANGCX	UUPIX	FHKFX	SMSDX	VIESX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Convertible 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 Convertible'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
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19
SAEMX	0.58	0.03	0.10	0.16	0.77	(0.61)	1.17	(1.44)	3.59
ANGCX	0.13	0.01	0.40	0.79	0.00	(0.23)	0.36	(0.24)	0.83
UUPIX	2.26	0.28	0.09	0.20	2.84	(2.35)	4.92	(4.93)	14.16
FHKFX	0.84	0.08	0.10	0.10	1.07	(0.88)	1.94	(1.91)	5.94
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
VIESX	0.54	0.02	0.08	0.00	0.71	(0.61)	1.31	(1.56)	3.67

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