Calamos Global Correlations

CGCIX Fund

USD 13.91 0.01 0.07%

The current 90-days correlation between Calamos Global Growth and Sterling Capital Short is -0.08 (i.e., Good 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 Growth and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Growth 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 Growth. 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

0.95	SROIX	Calamos Antetokounmpo	Pair Corr
0.95	SROCX	Calamos Antetokounmpo	Pair Corr
0.95	SRORX	Calamos Antetokounmpo	Pair Corr
0.9	CVAIX	Calamos Opportunistic	Pair Corr
0.9	CVACX	Calamos Opportunistic	Pair Corr
0.9	CVAAX	Calamos Opportunistic	Pair Corr
0.87	CVGRX	Calamos Growth	Pair Corr
0.87	CVGCX	Calamos Growth	Pair Corr
1.0	CVLOX	Calamos Global Growth	Pair Corr
1.0	CVLCX	Calamos Global Growth	Pair Corr
0.82	CVSIX	Calamos Market Neutral	Pair Corr
0.83	CVSCX	Calamos Market Neutral	Pair Corr
0.9	CVTCX	Calamos Growth Income	Pair Corr
0.82	CVSOX	Calamos Market Neutral	Pair Corr
0.89	CVTRX	Calamos Growth Income	Pair Corr
0.91	CXGCX	Calamos Global Vertible	Pair Corr
0.97	CGEOX	Calamos Global Equity	Pair Corr
0.89	CGIOX	Calamos Growth And	Pair Corr
0.74	CHYDX	Calamos High Income	Pair Corr
0.82	CICVX	Calamos Convertible	Pair Corr
0.91	CIHEX	Calamos Hedged Equity	Pair Corr
0.82	CMNIX	Calamos Market Neutral	Pair Corr
0.78	CMRCX	Columbia Marsico Growth	Pair Corr
0.76	CNWGX	Calamos Evolving World	Pair Corr
0.64	CPCLX	Calamos Phineus Longshort	Pair Corr
0.65	CPLIX	Calamos Phineus Longshort	Pair Corr
0.97	CAGEX	Calamos Global Equity	Pair Corr
0.91	CAGCX	Calamos Global Vertible	Pair Corr
0.74	CTCSX	Calamos Timpani Small	Pair Corr
0.73	CTOGX	Calamos Timpani Smid	Pair Corr
0.74	CTSIX	Calamos Timpani Small	Pair Corr
0.9	CCDVX	Calamos Dividend Growth	Pair Corr
0.92	CCGCX	Calamos Global Vertible	Pair Corr

Moving against Calamos Mutual Fund

0.55

CTRAX

Calamos Total Return

Pair Corr

Related Correlations Analysis

	BBSCX	ASCLX	OWSBX	FTFZX	QNZIX	CWFIX	VISTX	SWSFX
BBSCX		-0.21	0.88	0.68	0.1	0.27	0.9	0.01	BBSCX
ASCLX	-0.21		-0.35	0.33	0.88	0.81	-0.11	0.75	ASCLX
OWSBX	0.88	-0.35		0.49	0.01	0.12	0.95	-0.13	OWSBX
FTFZX	0.68	0.33	0.49		0.49	0.69	0.62	0.39	FTFZX
QNZIX	0.1	0.88	0.01	0.49		0.88	0.24	0.7	QNZIX
CWFIX	0.27	0.81	0.12	0.69	0.88		0.36	0.76	CWFIX
VISTX	0.9	-0.11	0.95	0.62	0.24	0.36		0.11	VISTX
SWSFX	0.01	0.75	-0.13	0.39	0.7	0.76	0.11		SWSFX
	BBSCX	ASCLX	OWSBX	FTFZX	QNZIX	CWFIX	VISTX	SWSFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VISTX	+ 0.95	OWSBX
VISTX	+ 0.9	BBSCX
OWSBX	+ 0.88	BBSCX
QNZIX	+ 0.88	ASCLX
CWFIX	+ 0.88	QNZIX
CWFIX	+ 0.81	ASCLX

High negative correlations

OWSBX	- 0.35	ASCLX
ASCLX	- 0.21	BBSCX
SWSFX	- 0.13	OWSBX
VISTX	- 0.11	ASCLX

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
BBSCX	0.08	0.00	(0.79)	0.39	0.00	(0.16)	0.24	(0.12)	0.60
ASCLX	0.37	0.00	(0.09)	0.11	0.37	(0.41)	0.77	(0.93)	2.91
OWSBX	0.08	0.00	(0.92)	0.20	0.05	(0.12)	0.20	(0.10)	0.49
FTFZX	0.07	0.01	(0.59)	(0.13)	0.00	(0.13)	0.19	(0.10)	0.68
QNZIX	0.59	(0.02)	(0.06)	0.09	0.71	(0.61)	1.06	(1.07)	3.72
CWFIX	0.07	0.00	(0.85)	0.19	0.00	(0.12)	0.21	(0.11)	0.42
VISTX	0.08	0.00	(0.93)	(0.02)	0.00	(0.10)	0.15	(0.15)	0.53
SWSFX	0.04	0.00	(1.07)	(0.08)	0.00	(0.17)	0.10	(0.10)	0.49

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