Correlation Between Slow Capital and Calamos Growth
Can any of the company-specific risk be diversified away by investing in both Slow Capital 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 Slow Capital and Calamos Growth into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Slow Capital Growth and Calamos Growth Fund, you can compare the effects of market volatilities on Slow Capital 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 Slow Capital with a short position of Calamos Growth. Check out your portfolio center. Please also check ongoing floating volatility patterns of Slow Capital and Calamos Growth.
Diversification Opportunities for Slow Capital and Calamos Growth
0.99 | Correlation Coefficient |
No risk reduction
The 3 months correlation between Slow and CALAMOS is 0.99. Overlapping area represents the amount of risk that can be diversified away by holding Slow Capital Growth and Calamos Growth Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calamos Growth and Slow Capital 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 Slow Capital Growth 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 has no effect on the direction of Slow Capital i.e., Slow Capital and Calamos Growth go up and down completely randomly.
Pair Corralation between Slow Capital and Calamos Growth
Assuming the 90 days horizon Slow Capital is expected to generate 1.0 times less return on investment than Calamos Growth. In addition to that, Slow Capital is 1.0 times more volatile than Calamos Growth Fund. It trades about 0.09 of its total potential returns per unit of risk. Calamos Growth Fund is currently generating about 0.09 per unit of volatility. If you would invest 4,078 in Calamos Growth Fund on March 27, 2025 and sell it today you would earn a total of 445.00 from holding Calamos Growth Fund or generate 10.91% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Slow Capital Growth vs. Calamos Growth Fund
Performance |
| Timeline |
| Slow Capital Growth |
| Calamos Growth |
Slow Capital and Calamos Growth Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Slow Capital and Calamos Growth
The main advantage of trading using opposite Slow Capital and Calamos Growth positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Slow Capital 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.| Slow Capital vs. Shenkman Short Duration | Slow Capital vs. Fidelity Capital Income | Slow Capital vs. Pace High Yield | Slow Capital vs. T Rowe Price |
| Calamos Growth vs. Qs Large Cap | Calamos Growth vs. Dreyfus Large Cap | Calamos Growth vs. Qs Large Cap | Calamos Growth vs. Prudential Qma Large Cap |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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