Correlation Between Calamos Dynamic and Catalyst Exceed
Can any of the company-specific risk be diversified away by investing in both Calamos Dynamic and Catalyst Exceed at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Calamos Dynamic and Catalyst Exceed into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calamos Dynamic Convertible and Catalyst Exceed Defined, you can compare the effects of market volatilities on Calamos Dynamic and Catalyst Exceed and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Calamos Dynamic with a short position of Catalyst Exceed. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Dynamic and Catalyst Exceed.
Diversification Opportunities for Calamos Dynamic and Catalyst Exceed
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Calamos and Catalyst is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Dynamic Convertible and Catalyst Exceed Defined in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Catalyst Exceed Defined and Calamos Dynamic is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Calamos Dynamic Convertible are associated (or correlated) with Catalyst Exceed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Catalyst Exceed Defined has no effect on the direction of Calamos Dynamic i.e., Calamos Dynamic and Catalyst Exceed go up and down completely randomly.
Pair Corralation between Calamos Dynamic and Catalyst Exceed
Considering the 90-day investment horizon Calamos Dynamic Convertible is expected to generate 0.79 times more return on investment than Catalyst Exceed. However, Calamos Dynamic Convertible is 1.27 times less risky than Catalyst Exceed. It trades about 0.15 of its potential returns per unit of risk. Catalyst Exceed Defined is currently generating about 0.09 per unit of risk. If you would invest 1,954 in Calamos Dynamic Convertible on June 3, 2025 and sell it today you would earn a total of 100.00 from holding Calamos Dynamic Convertible or generate 5.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Calamos Dynamic Convertible vs. Catalyst Exceed Defined
Performance |
| Timeline |
| Calamos Dynamic Conv |
| Catalyst Exceed Defined |
Calamos Dynamic and Catalyst Exceed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Dynamic and Catalyst Exceed
The main advantage of trading using opposite Calamos Dynamic and Catalyst Exceed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Dynamic position performs unexpectedly, Catalyst Exceed can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Catalyst Exceed will offset losses from the drop in Catalyst Exceed's long position.| Calamos Dynamic vs. Blackrock Enhanced Capital | Calamos Dynamic vs. Pimco Corporate Income | Calamos Dynamic vs. Pimco Income Strategy | Calamos Dynamic vs. Pimco Income Strategy |
| Catalyst Exceed vs. Jpmorgan Hedged Equity | Catalyst Exceed vs. Jpmorgan Hedged Equity | Catalyst Exceed vs. Jpmorgan Hedged Equity | Catalyst Exceed vs. Gateway Fund Class |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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