Calamos Growth Correlations

CVGCX Fund

USD 12.85 0.06 0.47%

The current 90-days correlation between Calamos Growth and Saat Moderate Strategy is 0.39 (i.e., Weak diversification). The correlation of Calamos Growth 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 Growth Correlation With Market

Modest diversification

The correlation between Calamos Growth Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Fund 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 Growth Fund. 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

0.9	CVGRX	Calamos Growth	Pair Corr
0.97	CVLCX	Calamos Global Growth	Pair Corr
0.88	CVTRX	Calamos Growth Income	Pair Corr
0.95	CGCIX	Calamos Global Growth	Pair Corr
0.97	CGEOX	Calamos Global Equity	Pair Corr
0.88	CGIOX	Calamos Growth And	Pair Corr
0.88	CGIIX	Calamos Growth Income	Pair Corr
0.97	CIGEX	Calamos Global Equity	Pair Corr
0.7	CTOGX	Calamos Timpani Smid	Pair Corr
0.7	CTSOX	Calamos Timpani Small	Pair Corr
0.78	CCDVX	Calamos Dividend Growth	Pair Corr
0.69	CCVCX	Calamos Convertible	Pair Corr
0.75	FAFGX	American Funds	Pair Corr
0.75	FFAFX	American Funds	Pair Corr
0.77	GFACX	Growth Fund	Pair Corr
0.76	GFAFX	Growth Fund	Pair Corr
0.76	CGFFX	Growth Fund	Pair Corr
0.77	CGFCX	Growth Fund	Pair Corr
0.76	CGFAX	Growth Fund	Pair Corr
0.76	CGFEX	Growth Fund	Pair Corr
0.76	RGAEX	Growth Fund	Pair Corr

Moving against Calamos Mutual Fund

0.58	CMNIX	Calamos Market Neutral	Pair Corr
0.57	CVSIX	Calamos Market Neutral	Pair Corr
0.54	CVSCX	Calamos Market Neutral	Pair Corr
0.5	CTRIX	Calamos Total Return	Pair Corr
0.47	CTRAX	Calamos Total Return	Pair Corr
0.43	CTRCX	Calamos Total Return	Pair Corr
0.66	ARBOX	Absolute Convertible	Pair Corr
0.66	DLDFX	Destinations Low Duration	Pair Corr
0.63	UTF	Cohen And Steers	Pair Corr
0.62	BISMX	Brandes International	Pair Corr
0.61	GF	New Germany Closed	Pair Corr
0.6	ABNOX	Ab Bond Inflation	Pair Corr
0.57	GIOIX	Guggenheim Macro Opp	Pair Corr
0.53	HTD	John Hancock Tax	Pair Corr
0.53	EMBAX	Unconstrained Emerging	Pair Corr
0.52	SGDLX	Sprott Gold Equity	Pair Corr

Related Correlations Analysis

	SMSDX	MURFX	EXBAX	MRMTX	JTMIX	SXMAX	FNOKX
SMSDX		0.52	0.82	0.82	0.82	0.55	0.77	SMSDX
MURFX	0.52		0.71	0.86	0.73	0.91	0.69	MURFX
EXBAX	0.82	0.71		0.94	0.98	0.64	0.96	EXBAX
MRMTX	0.82	0.86	0.94		0.95	0.83	0.91	MRMTX
JTMIX	0.82	0.73	0.98	0.95		0.66	0.98	JTMIX
SXMAX	0.55	0.91	0.64	0.83	0.66		0.62	SXMAX
FNOKX	0.77	0.69	0.96	0.91	0.98	0.62		FNOKX
	SMSDX	MURFX	EXBAX	MRMTX	JTMIX	SXMAX	FNOKX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Growth 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 Growth'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
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
MURFX	0.32	(0.04)	0.00	(0.24)	0.00	0.00	0.58	(0.57)	2.93
EXBAX	0.34	0.00	0.00	(0.05)	0.00	0.00	0.70	(0.69)	1.99
MRMTX	0.33	(0.01)	0.00	(0.10)	0.00	0.00	0.68	(0.68)	2.47
JTMIX	0.31	0.01	0.00	(0.04)	0.00	0.00	0.65	(0.65)	1.88
SXMAX	0.52	(0.08)	0.00	(0.27)	0.00	0.00	0.76	(0.96)	8.55
FNOKX	0.53	0.02	0.00	(0.03)	0.00	0.00	1.07	(1.13)	3.14

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