Calamos Global Correlations

Mutual Funds . USA . 
Fund . Calamos Global Growth
CVLOX Fund  USD 11.99  0.12  1.01%   
The current 90-days correlation between Calamos Global Growth and Calamos Growth Income is -0.12 (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

Good diversification

The correlation between Calamos Global Growth and DJI is -0.04 (i.e., Good 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 persons.

Moving together with Calamos Mutual Fund

  0.79SROIX Calamos AntetokounmpoPairCorr
  0.8SROAX Innealta Capital SectorPairCorr
  0.93SROCX Calamos AntetokounmpoPairCorr
  0.93SRORX Calamos AntetokounmpoPairCorr
  0.96CVAIX Calamos OpportunisticPairCorr
  0.96CVACX Calamos OpportunisticPairCorr
  0.65CVGRX Calamos GrowthPairCorr
  0.7CVTCX Calamos Growth IncomePairCorr
  0.7CVTRX Calamos Growth IncomePairCorr
  0.69CGIOX Calamos Growth AndPairCorr
  0.69CGIIX Calamos Growth IncomePairCorr
  0.72CGRIX Calamos GrowthPairCorr
  0.94CIDVX Calamos Dividend GrowthPairCorr
  0.85CICVX Calamos ConvertiblePairCorr
  0.84CIHEX Calamos Hedged EquityPairCorr

Moving against Calamos Mutual Fund

  0.43CSTBX Calamos Short TermPairCorr
  0.41CSTIX Calamos Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CVAAX
+ 0.98
CVTRX
CCVIX
+ 0.74
CVTRX
CCVIX
+ 0.62
CVAAX
CVSIX
+ 0.52
CIGRX
CIGRX
+ 0.29
CVAAX
CCVIX
+ 0.28
CIGRX
  
High negative correlations   
CVSIX
- 0.35
CVTRX
CVSIX
- 0.32
CVAAX
CCVIX
- 0.07
CVSIX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY