Calamos Phineus Correlations

Mutual Funds . USA . 
Fund . Calamos Phineus Longshort
CPCLX Fund  USD 16.13  0.01  0.06%   
The current 90-days correlation between Calamos Phineus Longshort and American Funds Retirement is 0.18 (i.e., Average diversification). The correlation of Calamos Phineus 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 Phineus Correlation With Market

Very weak diversification

The correlation between Calamos Phineus Longshort and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Phineus Longshort 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 Phineus Longshort. 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 bureau of economic analysis.

Moving together with Calamos Mutual Fund

  0.8CVAIX Calamos OpportunisticPairCorr
  0.79CVACX Calamos OpportunisticPairCorr
  0.8CVAAX Calamos OpportunisticPairCorr
  0.81CVGRX Calamos GrowthPairCorr
  0.81CVGCX Calamos GrowthPairCorr
  0.64CVLOX Calamos Global GrowthPairCorr
  0.62CVLCX Calamos Global GrowthPairCorr
  0.82CVSIX Calamos Market NeutralPairCorr
  0.81CVSCX Calamos Market NeutralPairCorr
  0.82CVTCX Calamos Growth IncomePairCorr
  0.82CVSOX Calamos Market NeutralPairCorr
  0.82CVTRX Calamos Growth IncomePairCorr
  0.71CXGCX Calamos Global VertiblePairCorr
  0.64CGCIX Calamos Global GrowthPairCorr
  0.62CGEOX Calamos Global EquityPairCorr
  0.82CGIOX Calamos Growth AndPairCorr
  0.82CGIIX Calamos Growth IncomePairCorr
  0.81CGRIX Calamos GrowthPairCorr
  0.65CHYDX Calamos High IncomePairCorr
  0.82CIDVX Calamos Dividend GrowthPairCorr
  0.83CICVX Calamos ConvertiblePairCorr
  0.67CIHYX Calamos High IncomePairCorr
  0.79CIHEX Calamos Hedged EquityPairCorr
  0.82CMNIX Calamos Market NeutralPairCorr
  1.0CPLIX Calamos Phineus LongshortPairCorr
  1.0CPLSX Calamos Phineus LongshortPairCorr
  0.82CADVX Calamos Dividend GrowthPairCorr
  0.62CAGEX Calamos Global EquityPairCorr

Moving against Calamos Mutual Fund

  0.32CIGCX Calamos InternationalPairCorr
  0.78CTRCX Calamos Total ReturnPairCorr
  0.77CTRAX Calamos Total ReturnPairCorr
  0.76CTRIX Calamos Total ReturnPairCorr
  0.51CISOX Calamos InternationalPairCorr
  0.51CAISX Calamos InternationalPairCorr
  0.51CSGIX Calamos InternationalPairCorr
  0.32CSTIX Calamos Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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