Correlation Between Calamos Growth and Qs Us
Can any of the company-specific risk be diversified away by investing in both Calamos Growth and Qs Us 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 Qs Us 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 Qs Small Capitalization, you can compare the effects of market volatilities on Calamos Growth and Qs Us 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 Qs Us. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Growth and Qs Us.
Diversification Opportunities for Calamos Growth and Qs Us
0.72 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Calamos and LMBMX is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Fund and Qs Small Capitalization in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Qs Small Capitalization 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 Qs Us. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Qs Small Capitalization has no effect on the direction of Calamos Growth i.e., Calamos Growth and Qs Us go up and down completely randomly.
Pair Corralation between Calamos Growth and Qs Us
Assuming the 90 days horizon Calamos Growth Fund is expected to generate 0.78 times more return on investment than Qs Us. However, Calamos Growth Fund is 1.28 times less risky than Qs Us. It trades about 0.01 of its potential returns per unit of risk. Qs Small Capitalization is currently generating about 0.0 per unit of risk. If you would invest 5,032 in Calamos Growth Fund on July 19, 2025 and sell it today you would earn a total of 6.00 from holding Calamos Growth Fund or generate 0.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Calamos Growth Fund vs. Qs Small Capitalization
Performance |
| Timeline |
| Calamos Growth |
| Qs Small Capitalization |
Calamos Growth and Qs Us Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Growth and Qs Us
The main advantage of trading using opposite Calamos Growth and Qs Us positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Growth position performs unexpectedly, Qs Us 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 Qs Us will offset losses from the drop in Qs Us' long position.| Calamos Growth vs. Qs Small Capitalization | Calamos Growth vs. Siit Small Cap | Calamos Growth vs. Artisan Small Cap | Calamos Growth vs. Smallcap Fund Fka |
| Qs Us vs. T Rowe Price | Qs Us vs. Jackson Square Smid Cap | Qs Us vs. Hood River Small Cap | Qs Us 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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