Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTCX Fund  USD 53.03  0.53  0.99%   
The current 90-days correlation between Calamos Growth Income and Calamos Global Growth is 0.07 (i.e., Significant 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 0.77 (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 unemployment.

Moving together with Calamos Mutual Fund

  0.77SROIX Calamos AntetokounmpoPairCorr
  0.69SROAX Innealta Capital SectorPairCorr
  0.78SROCX Calamos AntetokounmpoPairCorr
  0.77SRORX Calamos AntetokounmpoPairCorr
  0.61CVAIX Calamos OpportunisticPairCorr
  0.68CVLOX Calamos Global GrowthPairCorr
  0.78CVLCX Calamos Global GrowthPairCorr
  0.63CVSIX Calamos Market NeutralPairCorr
  0.68CVSCX Calamos Market NeutralPairCorr
  0.65CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.71CXGCX Calamos Global VertiblePairCorr
  0.78CGCIX Calamos Global GrowthPairCorr
  0.81CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  1.0CGIIX Calamos Growth IncomePairCorr
  0.68CHYDX Calamos High IncomePairCorr
  0.64CICVX Calamos ConvertiblePairCorr
  0.61CIGRX Calamos InternationalPairCorr
  0.64CIGOX Calamos InternationalPairCorr
  0.64CIGIX Calamos InternationalPairCorr
  0.64CIGEX Calamos Global EquityPairCorr
  0.63CIGCX Calamos InternationalPairCorr
  0.67CIHYX Calamos High IncomePairCorr
  0.98CIHEX Calamos Hedged EquityPairCorr
  0.65CMNIX Calamos Market NeutralPairCorr
  0.61CMRCX Columbia Marsico GrowthPairCorr
  0.61CMRAX Columbia Large CapPairCorr
  0.68CPCLX Calamos Phineus LongshortPairCorr

Related Correlations Analysis


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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.57  0.05  0.04  0.11  0.69 
(0.57)
 1.01 
(1.28)
 5.49 
SROAX  0.56  0.12  0.09 (0.50) 0.64 
(0.59)
 1.02 
(1.26)
 5.59 
SROCX  0.57  0.05  0.04  0.10  0.71 
(0.59)
 0.97 
(1.31)
 5.62 
SRORX  0.57  0.05  0.04  0.11  0.68 
(0.60)
 1.01 
(1.28)
 5.42 
CVAIX  0.60  0.01 (0.01) 0.05  0.78 
(0.64)
 0.88 
(1.51)
 7.09 
CVACX  0.64  0.10  0.06 (0.27) 0.72 
(0.71)
 1.09 
(1.53)
 9.14 
CVAAX  0.61  0.07  0.03 (0.22) 0.74 
(0.67)
 1.03 
(1.50)
 7.43 
CVGRX  0.83  0.11  0.05 (0.26) 0.98 
(0.84)
 1.37 
(1.80)
 11.32 
CVGCX  1.71  0.80  0.62 (0.65) 0.00 
(2.08)
 1.32 
(1.78)
 55.20 
CVLOX  0.58  0.13  0.11 (3.93) 0.59 
(0.65)
 1.33 
(1.32)
 3.84 

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