Calamos Global Correlations

Mutual Funds . USA . 
Fund . Calamos Global Vertible
CXGCX Fund  USD 12.65  0.05  0.40%   
The current 90-days correlation between Calamos Global Vertible and Ab Bond Inflation is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Calamos Global Vertible and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Vertible 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 Vertible. 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

  0.69CVSIX Calamos Market NeutralPairCorr
  0.77FSMMX Fs Multi StrategyPairCorr
  0.92BTMPX Ishares Msci EafePairCorr
  0.92BTMKX Blackrock InternationalPairCorr
  0.92MDIIX Blackrock Intern IndexPairCorr
  0.68BRCNX Invesco Balanced RiskPairCorr
  0.93ZGFIX Investec Global FranchisePairCorr
  0.85TIILX Tiaa Cref InflationPairCorr
  0.79CRDSX Catholic ResponsiblePairCorr
  0.81FGNSX Strategic Advisers TaxPairCorr
  0.81HDCEX Rational Dividend CapturePairCorr
  0.84BTSIX Bts Managed IncomePairCorr
  0.84LBNYX Lord Abbett BondPairCorr
  0.75QNZIX Aqr Sustainable LongPairCorr
  0.83SHDAX Legg Mason WesternPairCorr
  0.85PHIYX High Yield FundPairCorr
  0.79AGGNX Global Gold FundPairCorr
  0.86RFXCX Rational Special SitPairCorr
  0.89MISAX Victory TrivalentPairCorr
  0.71PAAOX T Rowe PricePairCorr
  0.91VESIX Vanguard European StockPairCorr
  0.86BDKAX Braddock Multi StrategyPairCorr

Related Correlations Analysis

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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.

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