Calamos Strategic Correlations

CSQ Fund  USD 16.78  0.19  1.15%   
The current 90-days correlation between Calamos Strategic Total and Calamos LongShort Equity is 0.01 (i.e., Significant diversification). The correlation of Calamos Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Calamos Strategic Total and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Strategic Total 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 Strategic Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Fund

  0.82TWN Taiwan ClosedPairCorr
  0.72NOM Nuveen Missouri QualityPairCorr

Moving against Calamos Fund

  0.62USGDX Morgan Stanley GovernmentPairCorr
  0.56HRBDX Harbor Bond FundPairCorr
  0.53ABNOX Ab Bond InflationPairCorr
  0.51VICSX Vanguard Intermediate-terPairCorr
  0.41GIOIX Guggenheim Macro OppPairCorr
  0.36NMT Nuveen MassachusettsPairCorr
  0.34UTF Cohen And SteersPairCorr

Related Correlations Analysis

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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   
CHYCHI
CCDCHI
ETVCCD
ETOETG
ETVCHW
ETOCHW
  
High negative correlations   
CHYCPZ
HTDCHY
CPZCHI
HTDCHI
CPZCCD
ETGCHY

Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Strategic 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 Strategic'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.