Correlation Between Calamos Growth and Strategic Allocation:
Can any of the company-specific risk be diversified away by investing in both Calamos Growth and Strategic Allocation: 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 Growth and Strategic Allocation: into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calamos Growth Fund and Strategic Allocation Moderate, you can compare the effects of market volatilities on Calamos Growth and Strategic Allocation: 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 Growth with a short position of Strategic Allocation:. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Growth and Strategic Allocation:.
Diversification Opportunities for Calamos Growth and Strategic Allocation:
0.95 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Calamos and Strategic is 0.95. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Fund and Strategic Allocation Moderate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Strategic Allocation: and Calamos Growth 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 Growth Fund are associated (or correlated) with Strategic Allocation:. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Strategic Allocation: has no effect on the direction of Calamos Growth i.e., Calamos Growth and Strategic Allocation: go up and down completely randomly.
Pair Corralation between Calamos Growth and Strategic Allocation:
Assuming the 90 days horizon Calamos Growth Fund is expected to generate 1.8 times more return on investment than Strategic Allocation:. However, Calamos Growth is 1.8 times more volatile than Strategic Allocation Moderate. It trades about 0.23 of its potential returns per unit of risk. Strategic Allocation Moderate is currently generating about 0.22 per unit of risk. If you would invest 4,445 in Calamos Growth Fund on May 31, 2025 and sell it today you would earn a total of 527.00 from holding Calamos Growth Fund or generate 11.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 98.41% |
| Values | Daily Returns |
Calamos Growth Fund vs. Strategic Allocation Moderate
Performance |
| Timeline |
| Calamos Growth |
| Strategic Allocation: |
Calamos Growth and Strategic Allocation: Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Growth and Strategic Allocation:
The main advantage of trading using opposite Calamos Growth and Strategic Allocation: positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Growth position performs unexpectedly, Strategic Allocation: 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 Strategic Allocation: will offset losses from the drop in Strategic Allocation:'s long position.| Calamos Growth vs. Allianzgi Health Sciences | Calamos Growth vs. Eventide Healthcare Life | Calamos Growth vs. Alger Health Sciences | Calamos Growth vs. Delaware Healthcare Fund |
| Strategic Allocation: vs. Ladenburg Aggressive Growth | Strategic Allocation: vs. Fidelity American High | Strategic Allocation: vs. Pioneer High Yield | Strategic Allocation: vs. T Rowe Price |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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