Calamos Convertible Correlations

Mutual Funds . USA . 
Fund . Calamos Vertible Fund
CICVX Fund  USD 19.18  0.07  0.37%   
The current 90-days correlation between Calamos Convertible and Aqr Risk Parity is 0.08 (i.e., Significant 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

Very weak diversification

The correlation between Calamos Vertible Fund and DJI is 0.47 (i.e., Very weak 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 real.

Moving together with Calamos Mutual Fund

  0.88SROIX Calamos AntetokounmpoPairCorr
  0.89SROAX Innealta Capital SectorPairCorr
  0.88SROCX Calamos AntetokounmpoPairCorr
  0.88SRORX Calamos AntetokounmpoPairCorr
  0.82CVAIX Calamos OpportunisticPairCorr
  0.76CVACX Calamos OpportunisticPairCorr
  0.8CVAAX Calamos OpportunisticPairCorr
  0.62CVGCX Calamos GrowthPairCorr
  0.74CVLOX Calamos Global GrowthPairCorr
  0.71CVLCX Calamos Global GrowthPairCorr
  0.87CVTRX Calamos Growth IncomePairCorr
  0.69CXGCX Calamos Global VertiblePairCorr
  0.75CGCIX Calamos Global GrowthPairCorr
  0.63CGEOX Calamos Global EquityPairCorr
  0.86CGIOX Calamos Growth AndPairCorr
  0.76CIGOX Calamos InternationalPairCorr
  0.76CIGIX Calamos InternationalPairCorr
  0.63CIGEX Calamos Global EquityPairCorr
  0.74CIGCX Calamos InternationalPairCorr
  0.69CIHEX Calamos Hedged EquityPairCorr
  0.73CMRCX Columbia Marsico GrowthPairCorr
  0.76CMRAX Columbia Large CapPairCorr
  0.72CMRGX Calamos Investment TrustPairCorr
  0.62CPCLX Calamos Phineus LongshortPairCorr
  0.82CRLSX Calamos Long/shortPairCorr
  0.93CADVX Calamos Dividend GrowthPairCorr
  0.69CAGEX Calamos Global EquityPairCorr

Related Correlations Analysis

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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.

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