Correlation Between Calamos Global and Ab All
Can any of the company-specific risk be diversified away by investing in both Calamos Global and Ab All 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 Global and Ab All into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Calamos Global Growth and Ab All Market, you can compare the effects of market volatilities on Calamos Global and Ab All 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 Global with a short position of Ab All. Check out your portfolio center. Please also check ongoing floating volatility patterns of Calamos Global and Ab All.
Diversification Opportunities for Calamos Global and Ab All
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Calamos and AMTOX is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Growth and Ab All Market in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ab All Market and Calamos Global 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 Global Growth are associated (or correlated) with Ab All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ab All Market has no effect on the direction of Calamos Global i.e., Calamos Global and Ab All go up and down completely randomly.
Pair Corralation between Calamos Global and Ab All
Assuming the 90 days horizon Calamos Global Growth is expected to generate 1.18 times more return on investment than Ab All. However, Calamos Global is 1.18 times more volatile than Ab All Market. It trades about 0.2 of its potential returns per unit of risk. Ab All Market is currently generating about 0.21 per unit of risk. If you would invest 1,264 in Calamos Global Growth on May 30, 2025 and sell it today you would earn a total of 92.00 from holding Calamos Global Growth or generate 7.28% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Calamos Global Growth vs. Ab All Market
Performance |
| Timeline |
| Calamos Global Growth |
| Ab All Market |
Calamos Global and Ab All Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Calamos Global and Ab All
The main advantage of trading using opposite Calamos Global and Ab All positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Calamos Global position performs unexpectedly, Ab All 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 Ab All will offset losses from the drop in Ab All's long position.| Calamos Global vs. Calamos Growth Income | Calamos Global vs. Calamos Opportunistic Value | Calamos Global vs. Calamos International Growth | Calamos Global vs. Calamos Market Neutral |
| Ab All vs. Leader Short Term Bond | Ab All vs. Dreyfus Short Intermediate | Ab All vs. Fidelity Flex Servative | Ab All vs. Blackrock Global Longshort |
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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