Calamos Laddered Correlations

CPSL Etf

USD 25.60 0.05 0.19%

The current 90-days correlation between Calamos Laddered and FT Vest Equity is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calamos Laddered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calamos Laddered SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Calamos Laddered Correlation With Market

Very weak diversification

The correlation between Calamos Laddered SP and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Laddered SP 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 Laddered SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Etf

0.8	INOV	Innovator ETFs Trust	Pair Corr
0.95	BUFR	First Trust Cboe	Pair Corr
0.95	BUFD	FT Cboe Vest	Pair Corr
0.93	PSEP	Innovator SP 500	Pair Corr
0.94	PJAN	Innovator SP 500	Pair Corr
0.93	PJUL	Innovator SP 500	Pair Corr
0.94	PAUG	Innovator Equity Power	Pair Corr
0.84	DNOV	FT Cboe Vest	Pair Corr
0.98	PMAY	Innovator SP 500	Pair Corr
0.98	PJUN	Innovator SP 500	Pair Corr
0.7	SPY	SPDR SP 500	Pair Corr
0.7	IVV	iShares Core SP	Pair Corr
0.79	VEA	Vanguard FTSE Developed	Pair Corr
0.82	RXI	iShares Global Consumer	Pair Corr
0.67	T	ATT Inc Downward Rally	Pair Corr
0.64	AXP	American Express	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.79	WMT	Walmart	Pair Corr

Moving against Calamos Etf

0.75	MRK	Merck Company Aggressive Push	Pair Corr
0.47	AA	Alcoa Corp	Pair Corr
0.31	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV
DHDG		0.88	0.72	0.55	0.53	0.95	0.96	-0.83	0.96	DHDG
MBCC	0.88		0.82	0.33	0.77	0.8	0.8	-0.74	0.83	MBCC
DIHP	0.72	0.82		0.52	0.79	0.72	0.72	-0.33	0.59	DIHP
DJAN	0.55	0.33	0.52		0.11	0.75	0.74	-0.25	0.56	DJAN
MDLV	0.53	0.77	0.79	0.11		0.46	0.46	-0.31	0.41	MDLV
DJUL	0.95	0.8	0.72	0.75	0.46		1.0	-0.76	0.94	DJUL
DJUN	0.96	0.8	0.72	0.74	0.46	1.0		-0.77	0.95	DJUN
SH	-0.83	-0.74	-0.33	-0.25	-0.31	-0.76	-0.77		-0.92	SH
VV	0.96	0.83	0.59	0.56	0.41	0.94	0.95	-0.92		VV
	DHDG	MBCC	DIHP	DJAN	MDLV	DJUL	DJUN	SH	VV

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

DJUN	+ 1.0	DJUL
DJUN	+ 0.96	DHDG
VV	+ 0.96	DHDG
DJUL	+ 0.95	DHDG
VV	+ 0.95	DJUN
VV	+ 0.94	DJUL

High negative correlations

VV	- 0.92	SH
SH	- 0.83	DHDG
SH	- 0.77	DJUN
SH	- 0.76	DJUL
SH	- 0.74	MBCC
SH	- 0.33	DIHP

Calamos Laddered Constituents Risk-Adjusted Indicators

There is a big difference between Calamos Etf performing well and Calamos Laddered ETF 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 Laddered'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
DHDG	0.38	0.01	0.00	(0.03)	0.00	0.00	0.71	(0.90)	2.56
MBCC	0.61	0.03	0.00	(0.02)	0.00	0.00	1.15	(1.26)	3.80
DIHP	0.53	0.11	0.18	0.22	0.63	(0.55)	1.26	(1.06)	3.68
DJAN	0.19	0.00	0.14	(0.04)	0.31	(0.18)	0.36	(0.63)	1.45
MDLV	0.50	0.04	0.09	0.04	0.77	(0.44)	0.95	(1.13)	2.44
DJUL	0.33	0.01	0.00	(0.04)	0.00	0.00	0.69	(0.82)	1.97
DJUN	0.35	0.01	0.00	(0.04)	0.00	0.00	0.62	(0.94)	2.30
SH	0.64	0.01	0.14	(0.07)	0.66	(0.76)	1.59	(1.11)	4.81
VV	0.67	0.01	0.00	(0.04)	0.00	0.00	1.16	(1.65)	4.02

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