Calamos Global Correlations

Mutual Funds . USA . 
Fund . Calamos Global Equity
CAGEX Fund  USD 18.50  0.05  0.27%   
The current 90-days correlation between Calamos Global Equity and Calamos International Growth is 0.81 (i.e., Very poor diversification). The correlation of Calamos Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calamos Global Correlation With Market

Good diversification

The correlation between Calamos Global Equity and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos Global Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Calamos Mutual Fund

  0.99SROIX Calamos AntetokounmpoPairCorr
  0.99SROAX Innealta Capital SectorPairCorr
  0.99SROCX Calamos AntetokounmpoPairCorr
  0.99SRORX Calamos AntetokounmpoPairCorr
  0.76CVAIX Calamos OpportunisticPairCorr
  0.99CVACX Calamos OpportunisticPairCorr
  0.76CVAAX Calamos OpportunisticPairCorr
  0.76CVGRX Calamos GrowthPairCorr
  1.0CVGCX Calamos GrowthPairCorr
  0.74CVLOX Calamos Global GrowthPairCorr
  1.0CVLCX Calamos Global GrowthPairCorr
  0.97CVSIX Calamos Market NeutralPairCorr
  0.99CVSCX Calamos Market NeutralPairCorr
  0.99CVTCX Calamos Growth IncomePairCorr
  0.73CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.99CXGCX Calamos Global VertiblePairCorr
  0.74CGCIX Calamos Global GrowthPairCorr
  0.73CGEOX Calamos Global EquityPairCorr
  0.76CGIOX Calamos Growth AndPairCorr
  0.76CGIIX Calamos Growth IncomePairCorr
  1.0CGRIX Calamos GrowthPairCorr
  0.98CHYDX Calamos High IncomePairCorr
  0.76CIDVX Calamos Dividend GrowthPairCorr
  0.73CICVX Calamos VertiblePairCorr
  0.99CIGRX Calamos InternationalPairCorr
  0.69CIGOX Calamos InternationalPairCorr
  0.69CIGIX Calamos InternationalPairCorr
  0.73CIGEX Calamos Global EquityPairCorr
  0.69CIGCX Calamos InternationalPairCorr
  0.67CIHYX Calamos High IncomePairCorr
  0.99CIHEX Calamos Hedged EquityPairCorr
  0.97CISOX Calamos InternationalPairCorr
  0.99CMNIX Calamos Market NeutralPairCorr
  0.72CMRCX Columbia Marsico GrowthPairCorr
  0.71CMRAX Columbia Large CapPairCorr
  0.72CMRGX Calamos Investment TrustPairCorr
  0.71CNWIX Calamos Evolving WorldPairCorr
  0.99CNWGX Calamos Evolving WorldPairCorr
  0.72CNWDX Calamos Evolving WorldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Calamos Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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