Calamos Growth Correlations

CGIOX Fund

USD 44.48 0.04 0.09%

The current 90-days correlation between Calamos Growth And and Nt International Small Mid is 0.73 (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 weak diversification

The correlation between Calamos Growth And and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth And 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 And. 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 persons.

Moving together with Calamos Mutual Fund

0.93	SROIX	Calamos Antetokounmpo	Pair Corr
0.93	SROAX	Innealta Capital Sector	Pair Corr
0.93	SROCX	Calamos Antetokounmpo	Pair Corr
0.93	SRORX	Calamos Antetokounmpo	Pair Corr
0.98	CVAIX	Calamos Opportunistic	Pair Corr
0.96	CVACX	Calamos Opportunistic	Pair Corr
0.98	CVAAX	Calamos Opportunistic	Pair Corr
0.99	CVGRX	Calamos Growth	Pair Corr
0.88	CVGCX	Calamos Growth	Pair Corr
0.92	CVLOX	Calamos Global Growth	Pair Corr
0.9	CVLCX	Calamos Global Growth	Pair Corr
1.0	CVTCX	Calamos Growth Income	Pair Corr
1.0	CVTRX	Calamos Growth Income	Pair Corr
0.93	CGCIX	Calamos Global Growth	Pair Corr
0.93	CGEOX	Calamos Global Equity	Pair Corr
1.0	CGIIX	Calamos Growth Income	Pair Corr
0.98	CGRIX	Calamos Growth	Pair Corr
0.97	CIDVX	Calamos Dividend Growth	Pair Corr
0.94	CICVX	Calamos Convertible	Pair Corr
0.93	CIGEX	Calamos Global Equity	Pair Corr
0.89	CIHEX	Calamos Hedged Equity	Pair Corr

Moving against Calamos Mutual Fund

0.33	CVSIX	Calamos Market Neutral	Pair Corr
0.32	CVSOX	Calamos Market Neutral	Pair Corr
0.33	CMNIX	Calamos Market Neutral	Pair Corr
0.62	CSTIX	Calamos Short Term	Pair Corr

Related Correlations Analysis

	ANTMX	VSFSX	TVOYX	CCMSX	ESCIX	QLMSTX	TISVX	GLVIX
ANTMX		0.53	0.55	0.0	0.78	0.6	0.46	0.81	ANTMX
VSFSX	0.53		0.99	0.0	0.57	0.95	-0.44	0.76	VSFSX
TVOYX	0.55	0.99		0.0	0.54	0.96	-0.4	0.79	TVOYX
CCMSX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CCMSX
ESCIX	0.78	0.57	0.54	0.0		0.62	0.2	0.72	ESCIX
QLMSTX	0.6	0.95	0.96	0.0	0.62		-0.33	0.87	QLMSTX
TISVX	0.46	-0.44	-0.4	0.0	0.2	-0.33		0.08	TISVX
GLVIX	0.81	0.76	0.79	0.0	0.72	0.87	0.08		GLVIX
	ANTMX	VSFSX	TVOYX	CCMSX	ESCIX	QLMSTX	TISVX	GLVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TVOYX	+ 0.99	VSFSX
QLMSTX	+ 0.96	TVOYX
QLMSTX	+ 0.95	VSFSX
GLVIX	+ 0.87	QLMSTX
GLVIX	+ 0.81	ANTMX
GLVIX	+ 0.79	TVOYX

High negative correlations

TISVX	- 0.44	VSFSX
TISVX	- 0.4	TVOYX
TISVX	- 0.33	QLMSTX
GLVIX	- 0.0	CCMSX
TISVX	- 0.0	CCMSX
QLMSTX	- 0.0	CCMSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANTMX	0.73	0.02	0.00	(0.04)	0.00	0.00	1.48	(1.52)	5.64
VSFSX	0.87	(0.10)	0.00	(0.17)	0.00	0.00	1.48	(2.07)	5.18
TVOYX	0.84	(0.10)	0.00	(0.17)	0.00	0.00	1.43	(1.95)	4.01
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESCIX	0.75	0.00	0.00	(0.07)	0.00	0.00	1.87	(2.03)	4.56
QLMSTX	1.03	(0.09)	0.00	(0.15)	0.00	0.00	1.71	(2.77)	5.65
TISVX	0.80	0.12	0.10	0.12	1.23	(0.78)	1.99	(1.65)	9.81
GLVIX	0.92	(0.03)	0.00	(0.10)	0.00	0.00	1.50	(2.12)	5.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC