Calamos Total Correlations

Mutual Funds . USA . 
Fund . Calamos Total Return
CTRCX Fund  USD 8.95  0.04  0.44%   
The current 90-days correlation between Calamos Total Return and Crafword Dividend Growth is 0.2 (i.e., Modest diversification). The correlation of Calamos Total 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 Total Correlation With Market

Average diversification

The correlation between Calamos Total Return and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Total Return 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 Total Return. 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 main economic indicators.

Moving together with Calamos Mutual Fund

  0.7CVSIX Calamos Market NeutralPairCorr
  0.68CVSCX Calamos Market NeutralPairCorr
  0.7CVSOX Calamos Market NeutralPairCorr
  0.73CHYDX Calamos High IncomePairCorr
  0.71CIHYX Calamos High IncomePairCorr
  0.7CMNIX Calamos Market NeutralPairCorr

Moving against Calamos Mutual Fund

  0.59CVGRX Calamos GrowthPairCorr
  0.49CVTCX Calamos Growth IncomePairCorr
  0.48SROCX Calamos AntetokounmpoPairCorr
  0.48CVTRX Calamos Growth IncomePairCorr
  0.47SROAX Innealta Capital SectorPairCorr
  0.46SROIX Calamos AntetokounmpoPairCorr
  0.46SRORX Calamos AntetokounmpoPairCorr
  0.43CVGCX Calamos GrowthPairCorr
  0.37CVAIX Calamos OpportunisticPairCorr
  0.37CVAAX Calamos OpportunisticPairCorr
  0.36CVACX Calamos OpportunisticPairCorr
  0.31CVLOX Calamos Global GrowthPairCorr
  0.31CGCIX Calamos Global GrowthPairCorr
  0.61CGRIX Calamos GrowthPairCorr
  0.48CGIOX Calamos Growth AndPairCorr
  0.48CGIIX Calamos Growth IncomePairCorr
  0.48CIDVX Calamos Dividend GrowthPairCorr
  0.47CICVX Calamos ConvertiblePairCorr
  0.43CGEOX Calamos Global EquityPairCorr
  0.43CIGEX Calamos Global EquityPairCorr
  0.43CIHEX Calamos Hedged EquityPairCorr
  0.74CTASX Calamos Timpani SmallPairCorr
  0.73CTAGX Calamos Timpani SmidPairCorr
  0.48CADVX Calamos Dividend GrowthPairCorr
  0.44CAHEX Calamos Hedged EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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