Calamos Market Correlations

Mutual Funds . USA . 
Fund . Calamos Market Neutral
CVSIX Fund  USD 15.31  0.01  0.07%   
The current 90-days correlation between Calamos Market Neutral and The Arbitrage Fund is -0.07 (i.e., Good diversification). The correlation of Calamos Market 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 Market Correlation With Market

Good diversification

The correlation between Calamos Market Neutral and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Market Neutral 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 Market Neutral. 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 gross domestic product.

Moving together with Calamos Mutual Fund

  0.9CVSCX Calamos Market NeutralPairCorr
  0.92CVSOX Calamos Market NeutralPairCorr
  0.76CXGCX Calamos Global VertiblePairCorr
  0.91CHYDX Calamos High IncomePairCorr
  0.9CIHYX Calamos High IncomePairCorr
  0.92CMNIX Calamos Market NeutralPairCorr
  0.67CMRCX Columbia Marsico GrowthPairCorr
  0.73CMRAX Columbia Large CapPairCorr
  0.73CMRGX Calamos Investment TrustPairCorr

Moving against Calamos Mutual Fund

  0.56CVGCX Calamos GrowthPairCorr
  0.48CVGRX Calamos GrowthPairCorr
  0.39CVLCX Calamos Global GrowthPairCorr
  0.37CVACX Calamos OpportunisticPairCorr
  0.36CVLOX Calamos Global GrowthPairCorr
  0.36CVTCX Calamos Growth IncomePairCorr
  0.35CVTRX Calamos Growth IncomePairCorr
  0.32CVAAX Calamos OpportunisticPairCorr
  0.31CVAIX Calamos OpportunisticPairCorr
  0.47CGEOX Calamos Global EquityPairCorr
  0.47CIGEX Calamos Global EquityPairCorr
  0.44CGRIX Calamos GrowthPairCorr
  0.35CGCIX Calamos Global GrowthPairCorr
  0.35CGIOX Calamos Growth AndPairCorr
  0.35CGIIX Calamos Growth IncomePairCorr
  0.47CAGEX Calamos Global EquityPairCorr

Related Correlations Analysis

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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   
MERFX
+ 0.96
ARBFX
CVTRX
+ 0.93
GATEX
DIAMX
+ 0.75
ARBFX
DIAMX
+ 0.71
MERFX
DIAMX
+ 0.25
GATEX
CVTRX
+ 0.03
DIAMX
  
High negative correlations   
CVTRX
- 0.42
ARBFX
CVTRX
- 0.25
MERFX
GATEX
- 0.22
ARBFX
GATEX
- 0.07
MERFX

Risk-Adjusted Indicators

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