Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Fund
CGRIX Fund  USD 64.90  0.30  0.46%   
The current 90-days correlation between Calamos Growth and Europac Gold Fund is 0.46 (i.e., Very weak 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 Fund and DJI is 0.56 (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 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 Growth 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

  0.99CVGRX Calamos GrowthPairCorr
  0.84CVGCX Calamos GrowthPairCorr
  0.83CVLCX Calamos Global GrowthPairCorr
  0.98CVTRX Calamos Growth IncomePairCorr
  0.86CGCIX Calamos Global GrowthPairCorr
  0.9CGEOX Calamos Global EquityPairCorr
  0.98CGIOX Calamos Growth AndPairCorr
  0.98CGIIX Calamos Growth IncomePairCorr
  0.9CIGEX Calamos Global EquityPairCorr
  0.91CIHEX Calamos Hedged EquityPairCorr
  0.95CTOGX Calamos Timpani SmidPairCorr
  0.94CTSOX Calamos Timpani SmallPairCorr
  0.98CCDVX Calamos Dividend GrowthPairCorr
  0.92CCHEX Calamos Hedged EquityPairCorr
  0.94CCVCX Calamos ConvertiblePairCorr
  0.92FAFGX American FundsPairCorr
  0.91FFAFX American FundsPairCorr
  0.91GFACX Growth FundPairCorr
  0.92GFAFX Growth FundPairCorr
  0.91AGTHX Growth FundPairCorr
  0.91CGFFX Growth FundPairCorr
  0.91CGFCX Growth FundPairCorr
  0.92CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.92RGAEX Growth FundPairCorr

Moving against Calamos Mutual Fund

  0.66CTRIX Calamos Total ReturnPairCorr
  0.63CTRAX Calamos Total ReturnPairCorr
  0.61CTRCX Calamos Total ReturnPairCorr
  0.4CVSIX Calamos Market NeutralPairCorr
  0.4CMNIX Calamos Market NeutralPairCorr
  0.36CVSCX Calamos Market NeutralPairCorr
  0.8GF New Germany ClosedPairCorr
  0.71BISMX Brandes InternationalPairCorr
  0.7ARBOX Absolute ConvertiblePairCorr
  0.68ABNOX Ab Bond InflationPairCorr
  0.64HRBDX Harbor Bond FundPairCorr
  0.64USGDX Morgan Stanley GovernmentPairCorr
  0.63EMBAX Unconstrained EmergingPairCorr
  0.59GIOIX Guggenheim Macro OppPairCorr
  0.59VICSX Vanguard Intermediate-terPairCorr
  0.57DLDFX Destinations Low DurationPairCorr

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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