Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTRX Fund  USD 47.64  0.68  1.45%   
The current 90-days correlation between Calamos Growth Income and Calamos Growth Fund is 0.97 (i.e., Almost no 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 0.61 (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 metropolitan statistical area.

Moving together with Calamos Mutual Fund

  0.67SROIX Calamos AntetokounmpoPairCorr
  0.66SROAX Innealta Capital SectorPairCorr
  0.66SROCX Calamos AntetokounmpoPairCorr
  0.67SRORX Calamos AntetokounmpoPairCorr
  0.7CVAIX Calamos OpportunisticPairCorr
  0.7CVACX Calamos OpportunisticPairCorr
  0.7CVAAX Calamos OpportunisticPairCorr
  0.98CVGRX Calamos GrowthPairCorr
  0.87CVGCX Calamos GrowthPairCorr
  0.7CVLOX Calamos Global GrowthPairCorr
  0.89CVLCX Calamos Global GrowthPairCorr
  0.65CVTCX Calamos Growth IncomePairCorr
  0.92CGCIX Calamos Global GrowthPairCorr
  0.93CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  1.0CGIIX Calamos Growth IncomePairCorr
  0.98CGRIX Calamos GrowthPairCorr
  0.7CIDVX Calamos Dividend GrowthPairCorr
  0.94CICVX Calamos ConvertiblePairCorr
  0.69CIGEX Calamos Global EquityPairCorr
  0.91CIHEX Calamos Hedged EquityPairCorr

Moving against Calamos Mutual Fund

  0.35CVSIX Calamos Market NeutralPairCorr
  0.32CMNIX Calamos Market NeutralPairCorr
  0.32CSTIX 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   
CVLOX
+ 0.95
CCVIX
SGENX
+ 0.9
CVSIX
CCVIX
+ 0.7
CVGRX
CVLOX
+ 0.65
CVGRX
CVSIX
+ 0.04
CVLOX
SGENX
+ 0.01
CVLOX
  
High negative correlations   
CVSIX
- 0.48
CVGRX
SGENX
- 0.43
CVGRX
SGENX
- 0.12
CCVIX
CVSIX
- 0.07
CCVIX

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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