Calamos Opportunistic Correlations

Mutual Funds . USA . 
Fund . Calamos Opportunistic Value
CVAAX Fund  USD 23.70  0.08  0.34%   
The current 90-days correlation between Calamos Opportunistic and L Abbett Growth is -0.26 (i.e., Very good diversification). The correlation of Calamos Opportunistic 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 Opportunistic Correlation With Market

Good diversification

The correlation between Calamos Opportunistic Value and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Opportunistic Value 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 Opportunistic Value. 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 nation.

Moving together with Calamos Mutual Fund

  0.96SROIX Calamos AntetokounmpoPairCorr
  0.99SROAX Innealta Capital SectorPairCorr
  0.95SROCX Calamos AntetokounmpoPairCorr
  0.96SRORX Calamos AntetokounmpoPairCorr
  0.97CVAIX Calamos OpportunisticPairCorr
  1.0CVACX Calamos OpportunisticPairCorr
  0.99CVGRX Calamos GrowthPairCorr
  0.99CVGCX Calamos GrowthPairCorr
  0.97CVLOX Calamos Global GrowthPairCorr
  0.97CVLCX Calamos Global GrowthPairCorr
  0.93CVSIX Calamos Market NeutralPairCorr
  0.96CVSCX Calamos Market NeutralPairCorr
  0.99CVTCX Calamos Growth IncomePairCorr
  0.95CVSOX Calamos Market NeutralPairCorr
  0.99CVTRX Calamos Growth IncomePairCorr
  0.94CXGCX Calamos Global VertiblePairCorr
  0.94CGCIX Calamos Global GrowthPairCorr
  0.93CGEOX Calamos Global EquityPairCorr
  0.97CGIOX Calamos Growth AndPairCorr
  0.96CGRIX Calamos GrowthPairCorr
  0.96CHYDX Calamos High IncomePairCorr
  0.95CIDVX Calamos Dividend GrowthPairCorr
  0.95CICVX Calamos VertiblePairCorr
  0.9CIGRX Calamos InternationalPairCorr
  0.84CIGOX Calamos InternationalPairCorr
  0.9CIGIX Calamos InternationalPairCorr
  0.93CIGEX Calamos Global EquityPairCorr
  0.89CIGCX Calamos InternationalPairCorr
  0.96CIHYX Calamos High IncomePairCorr
  0.97CIHEX Calamos Hedged EquityPairCorr
  0.9CISOX Calamos InternationalPairCorr
  0.95CMNIX Calamos Market NeutralPairCorr
  0.96CMRCX Columbia Marsico GrowthPairCorr
  0.96CMRAX Columbia Large CapPairCorr
  0.96CMRGX Calamos Investment TrustPairCorr
  0.94CNWIX Calamos Evolving WorldPairCorr
  0.91CNWGX Calamos Evolving WorldPairCorr
  0.91CNWDX Calamos Evolving WorldPairCorr
  0.9CPCLX Calamos Phineus LongshortPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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