Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTCX Fund  USD 47.64  0.68  1.45%   
The current 90-days correlation between Calamos Growth Income and Calamos Growth Fund is 0.51 (i.e., Very 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

Poor diversification

The correlation between Calamos Growth Income and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Income 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 Income. 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

  0.91SROIX Calamos AntetokounmpoPairCorr
  0.95SROAX Innealta Capital SectorPairCorr
  0.91SROCX Calamos AntetokounmpoPairCorr
  0.91SRORX Calamos AntetokounmpoPairCorr
  0.92CVAIX Calamos OpportunisticPairCorr
  0.92CVACX Calamos OpportunisticPairCorr
  0.61CVGRX Calamos GrowthPairCorr
  0.87CVLOX Calamos Global GrowthPairCorr
  0.65CVTRX Calamos Growth IncomePairCorr
  0.64CGIOX Calamos Growth AndPairCorr
  0.64CGIIX Calamos Growth IncomePairCorr
  0.69CGRIX Calamos GrowthPairCorr
  0.95CIDVX Calamos Dividend GrowthPairCorr
  0.8CICVX Calamos ConvertiblePairCorr
  0.85CIGEX Calamos Global EquityPairCorr
  0.88CIHEX Calamos Hedged EquityPairCorr

Moving against Calamos Mutual Fund

  0.6CSTIX Calamos Short TermPairCorr

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   
CVLCX
+ 0.97
CVGCX
CVLCX
+ 0.74
CCVCX
CCVCX
+ 0.69
CVGCX
FESGX
+ 0.68
NYVCX
CCVCX
+ 0.56
NYVCX
CVLCX
+ 0.19
NYVCX
  
High negative correlations   
FESGX
- 0.45
CVGCX
CVLCX
- 0.25
FESGX
CCVCX
- 0.14
FESGX

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.

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