Calamos Short-term Correlations

Mutual Funds . USA . 
Fund . Calamos Short Term Bond
CSTBX Fund  USD 9.55  0.01  0.10%   
The current 90-days correlation between Calamos Short Term and Calamos Antetokounmpo Sustainable is -0.12 (i.e., Good diversification). The correlation of Calamos Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Calamos Short Term Bond and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Short Term Bond 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 Short Term Bond. 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 labor statistics.

Moving against Calamos Mutual Fund

  0.33CVGRX Calamos GrowthPairCorr
  0.33CVGCX Calamos GrowthPairCorr
  0.33CGRIX Calamos GrowthPairCorr
  0.32CIDVX Calamos Dividend GrowthPairCorr
  0.31CVAIX Calamos OpportunisticPairCorr
  0.31CVACX Calamos OpportunisticPairCorr
  0.31CVAAX Calamos OpportunisticPairCorr
  0.31CVTCX Calamos Growth IncomePairCorr
  0.31CVTRX Calamos Growth IncomePairCorr
  0.31CGIOX Calamos Growth AndPairCorr
  0.31CGIIX Calamos Growth IncomePairCorr
  0.38CPCLX Calamos Phineus LongshortPairCorr
  0.38CPLIX Calamos Phineus LongshortPairCorr
  0.38CPLSX Calamos Phineus LongshortPairCorr
  0.32CADVX Calamos Dividend GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Short-term 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 Short-term'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.52 (0.03)(0.11) 0.07  0.65 
(0.56)
 1.04 
(1.30)
 3.47 
SROCX  0.52 (0.04)(0.12) 0.06  0.65 
(0.55)
 1.05 
(1.26)
 3.52 
SRORX  0.52 (0.04)(0.11) 0.07  0.64 
(0.56)
 1.11 
(1.25)
 3.47 
CVAIX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.66)
 4.11 
CVACX  0.57  0.00 (0.02) 0.13  0.70 
(0.66)
 1.14 
(1.71)
 4.19 
CVAAX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.70)
 4.16 
CVGRX  0.71  0.03  0.02  0.16  0.96 
(0.69)
 1.62 
(2.15)
 4.90 
CVGCX  0.70  0.03  0.01  0.16  0.97 
(0.68)
 1.63 
(2.20)
 4.91 
CVLOX  0.45 (0.03)(0.13) 0.07  0.55 
(0.52)
 1.00 
(0.98)
 3.00 
CVLCX  0.46 (0.04)(0.12) 0.07  0.57 
(0.52)
 1.00 
(1.00)
 3.03 

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