Correlation Between Calamos Investment and Calamos Growth
Can any of the company-specific risk be diversified away by investing in both Calamos Investment and Calamos Growth 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 Investment and Calamos Growth into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calamos Investment Trust and Calamos Growth Income, you can compare the effects of market volatilities on Calamos Investment and Calamos Growth 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 Investment with a short position of Calamos Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Investment and Calamos Growth.
Diversification Opportunities for Calamos Investment and Calamos Growth
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Calamos and Calamos is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Investment Trust and Calamos Growth Income in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calamos Growth Income and Calamos Investment 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 Investment Trust are associated (or correlated) with Calamos Growth. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calamos Growth Income has no effect on the direction of Calamos Investment i.e., Calamos Investment and Calamos Growth go up and down completely randomly.
Pair Corralation between Calamos Investment and Calamos Growth
If you would invest 5,026 in Calamos Growth Income on June 12, 2025 and sell it today you would earn a total of 369.00 from holding Calamos Growth Income or generate 7.34% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.64% |
| Values | Daily Returns |
Calamos Investment Trust vs. Calamos Growth Income
Performance |
| Timeline |
| Calamos Investment Trust |
Risk-Adjusted Performance
Solid
Weak | Strong |
| Calamos Growth Income |
Calamos Investment and Calamos Growth Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Investment and Calamos Growth
The main advantage of trading using opposite Calamos Investment and Calamos Growth positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Investment position performs unexpectedly, Calamos Growth 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 Calamos Growth will offset losses from the drop in Calamos Growth's long position.| Calamos Investment vs. Omni Small Cap Value | Calamos Investment vs. Goldman Sachs Small | Calamos Investment vs. Ultrasmall Cap Profund Ultrasmall Cap | Calamos Investment vs. Boston Partners Small |
| Calamos Growth vs. Calamos Growth Fund | Calamos Growth vs. Davis New York | Calamos Growth vs. First Eagle Global | Calamos Growth vs. Calamos Vertible Fund |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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