Calamos Vertible Correlations

Mutual Funds . USA . 
Fund . Calamos Vertible Fund
CICVX Fund  USD 20.57  0.08  0.39%   
The current 90-days correlation between Calamos Vertible and Angel Oak Ultrashort is -0.27 (i.e., Very good diversification). The correlation of Calamos Vertible 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 Vertible Correlation With Market

Poor diversification

The correlation between Calamos Vertible Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Vertible Fund 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 Vertible Fund. 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 unemployment.

Moving together with Calamos Mutual Fund

  0.96SROIX Calamos AntetokounmpoPairCorr
  0.94SROAX Innealta Capital SectorPairCorr
  0.96SROCX Calamos AntetokounmpoPairCorr
  0.96SRORX Calamos AntetokounmpoPairCorr
  0.97CVAIX Calamos OpportunisticPairCorr
  0.95CVACX Calamos OpportunisticPairCorr
  0.95CVAAX Calamos OpportunisticPairCorr
  0.94CVGRX Calamos GrowthPairCorr
  0.94CVGCX Calamos GrowthPairCorr
  0.93CVLOX Calamos Global GrowthPairCorr
  0.93CVLCX Calamos Global GrowthPairCorr
  0.88CVSIX Calamos Market NeutralPairCorr
  0.91CVSCX Calamos Market NeutralPairCorr
  0.95CVTCX Calamos Growth IncomePairCorr
  0.91CVSOX Calamos Market NeutralPairCorr
  0.95CVTRX Calamos Growth IncomePairCorr
  0.93CXGCX Calamos Global VertiblePairCorr
  0.96CGCIX Calamos Global GrowthPairCorr
  0.94CGEOX Calamos Global EquityPairCorr
  0.97CGIOX Calamos Growth AndPairCorr
  0.97CGIIX Calamos Growth IncomePairCorr
  0.97CGRIX Calamos GrowthPairCorr
  0.93CHYDX Calamos High IncomePairCorr
  0.9CIDVX Calamos Dividend GrowthPairCorr
  0.82CIGRX Calamos InternationalPairCorr
  0.85CIGOX Calamos InternationalPairCorr
  0.85CIGIX Calamos InternationalPairCorr
  0.94CIGEX Calamos Global EquityPairCorr
  0.81CIGCX Calamos InternationalPairCorr
  0.93CIHYX Calamos High IncomePairCorr
  0.96CIHEX Calamos Hedged EquityPairCorr
  0.87CISOX Calamos InternationalPairCorr
  0.91CMNIX Calamos Market NeutralPairCorr
  0.93CMRCX Columbia Marsico GrowthPairCorr
  0.93CMRAX Columbia Large CapPairCorr
  0.93CMRGX Calamos Investment TrustPairCorr
  0.91CNWIX Calamos Evolving WorldPairCorr
  0.91CNWGX Calamos Evolving WorldPairCorr
  0.9CNWDX Calamos Evolving WorldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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