Calamos ETF Correlations

CPSD Etf

24.54 0.06 0.25%

The current 90-days correlation between Calamos ETF Trust and FT Vest Equity is 0.67 (i.e., Poor diversification). The correlation of Calamos ETF 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.

Calamos ETF Correlation With Market

Poor diversification

The correlation between Calamos ETF Trust and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Calamos Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Etf

0.85	INOV	Innovator ETFs Trust	Pair Corr
0.92	BUFR	First Trust Cboe	Pair Corr
0.93	BUFD	FT Cboe Vest	Pair Corr
0.92	PSEP	Innovator SP 500	Pair Corr
0.92	PJAN	Innovator SP 500	Pair Corr
0.93	PJUL	Innovator SP 500	Pair Corr
0.92	PAUG	Innovator Equity Power	Pair Corr
0.92	DNOV	FT Cboe Vest	Pair Corr
0.9	PMAY	Innovator SP 500	Pair Corr
0.92	PJUN	Innovator SP 500	Pair Corr
0.91	ITDD	iShares Trust	Pair Corr
0.9	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.85	JPM	JPMorgan Chase	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.82	IBM	International Business	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.88	AXP	American Express	Pair Corr
0.86	BA	Boeing	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.89	0.71	0.79	0.56	0.69	0.45	0.88	-0.18	0.19	META
MSFT	0.89		0.88	0.85	0.54	0.46	0.43	0.94	-0.47	-0.09	MSFT
UBER	0.71	0.88		0.89	0.44	0.35	0.64	0.89	-0.51	-0.14	UBER
F	0.79	0.85	0.89		0.51	0.63	0.69	0.91	-0.24	0.23	F
T	0.56	0.54	0.44	0.51		0.37	0.17	0.57	-0.13	0.21	T
A	0.69	0.46	0.35	0.63	0.37		0.57	0.58	0.4	0.69	A
CRM	0.45	0.43	0.64	0.69	0.17	0.57		0.54	0.1	0.27	CRM
JPM	0.88	0.94	0.89	0.91	0.57	0.58	0.54		-0.39	0.12	JPM
MRK	-0.18	-0.47	-0.51	-0.24	-0.13	0.4	0.1	-0.39		0.66	MRK
XOM	0.19	-0.09	-0.14	0.23	0.21	0.69	0.27	0.12	0.66		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.94	MSFT
JPM	+ 0.91	F
MSFT	+ 0.89	META
F	+ 0.89	UBER
JPM	+ 0.89	UBER
JPM	+ 0.88	META

High negative correlations

MRK	- 0.51	UBER
MRK	- 0.47	MSFT
MRK	- 0.39	JPM
MRK	- 0.24	F
MRK	- 0.18	META
XOM	- 0.14	UBER

Calamos ETF Competition Risk-Adjusted Indicators

There is a big difference between Calamos Etf performing well and Calamos ETF ETF 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 ETF'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	2.08	0.28	0.09	(9.66)	2.46	(2.36)	4.23	(4.29)	21.50
MSFT	1.23	0.33	0.21	0.35	1.13	(1.36)	2.40	(2.36)	13.79
UBER	1.87	0.23	0.09	0.20	2.29	(2.03)	4.19	(3.48)	16.18
F	1.70	0.10	0.04	0.13	2.24	(1.73)	2.90	(3.84)	13.07
T	1.15	0.09	0.04	0.32	1.79	(1.16)	2.01	(2.62)	8.83
A	1.77	(0.09)	0.00	(0.04)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.60	(0.10)	0.00	(0.06)	0.00	0.00	3.01	(3.64)	13.13
JPM	1.31	0.22	0.10	0.22	1.95	(1.37)	2.75	(2.12)	11.14
MRK	1.62	(0.24)	0.00	0.87	0.00	0.00	2.55	(4.72)	10.58
XOM	1.32	(0.05)	0.00	(0.03)	0.00	0.00	2.62	(2.77)	10.53

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