Calamos Hedged Correlations

Mutual Funds USA . 
Fund . Calamos Hedged Equity
CAHEX Fund  USD 18.14  0.05  0.28%   
The current 90-days correlation between Calamos Hedged Equity and Calamos Phineus Longshort is 0.78 (i.e., Poor diversification). The correlation of Calamos Hedged 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 Hedged Correlation With Market

Almost no diversification

The correlation between Calamos Hedged Equity and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Hedged 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 Hedged 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

  1.0SROIX Calamos AntetokounmpoPairCorr
  1.0SROAX Innealta Capital SectorPairCorr
  1.0SROCX Calamos AntetokounmpoPairCorr
  1.0SRORX Calamos AntetokounmpoPairCorr
  1.0CVAIX Calamos OpportunisticPairCorr
  1.0CVACX Calamos OpportunisticPairCorr
  1.0CVAAX Calamos OpportunisticPairCorr
  1.0CVGRX Calamos GrowthPairCorr
  1.0CVGCX Calamos GrowthPairCorr
  0.99CVLOX Calamos Global GrowthPairCorr
  0.99CVLCX Calamos Global GrowthPairCorr
  0.97CVSIX Calamos Market NeutralPairCorr
  0.98CVSCX Calamos Market NeutralPairCorr
  1.0CVTCX Calamos Growth IncomePairCorr
  0.98CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.99CXGCX Calamos Global VertiblePairCorr
  0.99CGCIX Calamos Global GrowthPairCorr
  0.99CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  1.0CGIIX Calamos Growth IncomePairCorr
  1.0CGRIX Calamos GrowthPairCorr
  0.99CHYDX Calamos High IncomePairCorr
  1.0CIDVX Calamos Dividend GrowthPairCorr
  0.99CICVX Calamos VertiblePairCorr
  0.98CIGRX Calamos InternationalPairCorr
  0.98CIGOX Calamos InternationalPairCorr
  0.98CIGIX Calamos InternationalPairCorr
  0.99CIGEX Calamos Global EquityPairCorr
  0.98CIGCX Calamos InternationalPairCorr
  0.99CIHYX Calamos High IncomePairCorr
  1.0CIHEX Calamos Hedged EquityPairCorr
  0.96CISOX Calamos InternationalPairCorr
  0.99CMNIX Calamos Market NeutralPairCorr
  0.97CMRCX Columbia Marsico GrowthPairCorr
  0.97CMRAX Columbia Large CapPairCorr
  0.97CMRGX Calamos Investment TrustPairCorr
  0.98CNWIX Calamos Evolving WorldPairCorr
  0.98CNWGX Calamos Evolving WorldPairCorr
  0.98CNWDX 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 Hedged 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 Hedged'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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