Correlation Between Calamos Growth and Rbb Fund
Can any of the company-specific risk be diversified away by investing in both Calamos Growth and Rbb Fund 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 Rbb Fund 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 Rbb Fund , you can compare the effects of market volatilities on Calamos Growth and Rbb Fund 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 Rbb Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Growth and Rbb Fund.
Diversification Opportunities for Calamos Growth and Rbb Fund
0.95 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Calamos and Rbb is 0.95. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Fund and Rbb Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rbb Fund 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 Rbb Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rbb Fund has no effect on the direction of Calamos Growth i.e., Calamos Growth and Rbb Fund go up and down completely randomly.
Pair Corralation between Calamos Growth and Rbb Fund
Assuming the 90 days horizon Calamos Growth is expected to generate 2.27 times less return on investment than Rbb Fund. In addition to that, Calamos Growth is 3.17 times more volatile than Rbb Fund . It trades about 0.01 of its total potential returns per unit of risk. Rbb Fund is currently generating about 0.09 per unit of volatility. If you would invest 997.00 in Rbb Fund on May 28, 2025 and sell it today you would earn a total of 6.00 from holding Rbb Fund or generate 0.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 95.45% |
| Values | Daily Returns |
Calamos Growth Fund vs. Rbb Fund
Performance |
| Timeline |
| Calamos Growth |
| Rbb Fund |
Calamos Growth and Rbb Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Growth and Rbb Fund
The main advantage of trading using opposite Calamos Growth and Rbb Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Growth position performs unexpectedly, Rbb Fund 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 Rbb Fund will offset losses from the drop in Rbb Fund's long position.| Calamos Growth vs. Franklin Mutual Global | Calamos Growth vs. Alliancebernstein Global Highome | Calamos Growth vs. Ab Global Risk | Calamos Growth vs. Legg Mason Global |
| Rbb Fund vs. Calvert Global Energy | Rbb Fund vs. Adams Natural Resources | Rbb Fund vs. World Energy Fund | Rbb Fund vs. Dreyfus Natural Resources |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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