Calamos Global Correlations

CVLCX Fund

USD 9.87 0.10 1.02%

The current 90-days correlation between Calamos Global Growth and Transamerica Emerging Markets is -0.07 (i.e., Good diversification). The correlation of Calamos Global 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 Global Correlation With Market

Weak diversification

The correlation between Calamos Global Growth and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Growth 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 Global Growth. 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

0.94	CVAAX	Calamos Opportunistic	Pair Corr
0.88	CVGRX	Calamos Growth	Pair Corr
0.97	CVGCX	Calamos Growth	Pair Corr
0.89	CVTRX	Calamos Growth Income	Pair Corr
0.99	CGCIX	Calamos Global Growth	Pair Corr
0.98	CGEOX	Calamos Global Equity	Pair Corr
0.9	CGIOX	Calamos Growth And	Pair Corr
0.9	CGIIX	Calamos Growth Income	Pair Corr
0.83	CGRIX	Calamos Growth	Pair Corr
0.74	CICVX	Calamos Convertible	Pair Corr
0.98	CIGEX	Calamos Global Equity	Pair Corr
0.64	CIHEX	Calamos Hedged Equity	Pair Corr

Moving against Calamos Mutual Fund

0.39	CVSIX	Calamos Market Neutral	Pair Corr
0.34	CVSCX	Calamos Market Neutral	Pair Corr
0.38	CMNIX	Calamos Market Neutral	Pair Corr

Related Correlations Analysis

	TEOJX	FEMDX	SEDAX	APDOX	PIEFX
TEOJX		0.81	0.85	0.76	0.94	TEOJX
FEMDX	0.81		0.95	0.97	0.82	FEMDX
SEDAX	0.85	0.95		0.92	0.87	SEDAX
APDOX	0.76	0.97	0.92		0.78	APDOX
PIEFX	0.94	0.82	0.87	0.78		PIEFX
	TEOJX	FEMDX	SEDAX	APDOX	PIEFX

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Global 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 Global'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
TEOJX	0.78	0.08	0.11	1.85	0.92	(0.85)	1.54	(1.53)	5.83
FEMDX	0.15	0.02	0.27	2.24	0.00	(0.20)	0.42	(0.26)	1.11
SEDAX	0.25	0.02	0.18	0.38	0.19	(0.33)	0.59	(0.36)	1.30
APDOX	0.16	0.03	0.22	0.77	0.10	(0.18)	0.30	(0.29)	1.07
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94

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