Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CGIIX Fund  USD 49.04  0.29  0.59%   
The current 90-days correlation between Calamos Growth Income and Calamos Market Neutral is 0.68 (i.e., Poor diversification). The correlation of Calamos Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Calamos Growth Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Income 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 Growth Income. 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

  0.88SROIX Calamos AntetokounmpoPairCorr
  0.85SROCX Calamos AntetokounmpoPairCorr
  0.87SRORX Calamos AntetokounmpoPairCorr
  0.99CVAIX Calamos OpportunisticPairCorr
  0.99CVACX Calamos OpportunisticPairCorr
  0.99CVAAX Calamos OpportunisticPairCorr
  0.99CVGRX Calamos GrowthPairCorr
  0.99CVGCX Calamos GrowthPairCorr
  0.9CVLOX Calamos Global GrowthPairCorr
  0.88CVLCX Calamos Global GrowthPairCorr
  0.97CVSIX Calamos Market NeutralPairCorr
  0.96CVSCX Calamos Market NeutralPairCorr
  1.0CVTCX Calamos Growth IncomePairCorr
  0.97CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.92CXGCX Calamos Global VertiblePairCorr
  0.9CGCIX Calamos Global GrowthPairCorr
  0.9CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  0.99CGRIX Calamos GrowthPairCorr
  0.86CHYDX Calamos High IncomePairCorr
  1.0CIDVX Calamos Dividend GrowthPairCorr
  0.97CICVX Calamos ConvertiblePairCorr
  0.88CIHYX Calamos High IncomePairCorr
  0.99CIHEX Calamos Hedged EquityPairCorr
  0.96CMNIX Calamos Market NeutralPairCorr
  0.82CPCLX Calamos Phineus LongshortPairCorr
  0.84CPLIX Calamos Phineus LongshortPairCorr
  0.83CPLSX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.38CISOX Calamos InternationalPairCorr
  0.74CTRCX Calamos Total ReturnPairCorr
  0.72CTRAX Calamos Total ReturnPairCorr
  0.71CTRIX Calamos Total ReturnPairCorr
  0.39CAISX Calamos InternationalPairCorr
  0.38CSGIX Calamos InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Growth 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 Growth'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.

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