Calamos High Correlations

CCHYX Fund  USD 8.44  0.01  0.12%   
The current 90-days correlation between Calamos High Income and Calamos Antetokounmpo Sustainable is 0.68 (i.e., Poor diversification). The correlation of Calamos High 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 High Correlation With Market

Poor diversification

The correlation between Calamos High Income and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos High Income 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 High Income. 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 manufacturing.

Moving together with Calamos Mutual Fund

  0.98SROIX Calamos AntetokounmpoPairCorr
  0.98SROAX Innealta Capital SectorPairCorr
  0.98SROCX Calamos AntetokounmpoPairCorr
  0.98SRORX Calamos AntetokounmpoPairCorr
  0.99CVAIX Calamos OpportunisticPairCorr
  0.98CVACX Calamos OpportunisticPairCorr
  0.98CVAAX Calamos OpportunisticPairCorr
  0.98CVGRX Calamos GrowthPairCorr
  0.98CVGCX Calamos GrowthPairCorr
  0.99CVLOX Calamos Global GrowthPairCorr
  0.99CVLCX Calamos Global GrowthPairCorr
  0.96CVSIX Calamos Market NeutralPairCorr
  0.97CVSCX Calamos Market NeutralPairCorr
  0.99CVTCX Calamos Growth IncomePairCorr
  0.98CVSOX Calamos Market NeutralPairCorr
  0.99CVTRX Calamos Growth IncomePairCorr
  0.98CXGCX Calamos Global VertiblePairCorr
  0.99CGCIX Calamos Global GrowthPairCorr
  0.99CGEOX Calamos Global EquityPairCorr
  0.99CGIOX Calamos Growth AndPairCorr
  0.99CGIIX Calamos Growth IncomePairCorr
  0.98CGRIX Calamos GrowthPairCorr
  1.0CHYDX Calamos High IncomePairCorr
  0.99CIDVX Calamos Dividend GrowthPairCorr
  0.98CICVX Calamos VertiblePairCorr
  0.98CIGRX Calamos InternationalPairCorr
  0.98CIGOX Calamos InternationalPairCorr
  0.98CIGIX Calamos InternationalPairCorr
  0.99CIGEX Calamos Global EquityPairCorr
  0.97CIGCX Calamos InternationalPairCorr
  1.0CIHYX Calamos High IncomePairCorr
  0.99CIHEX Calamos Hedged EquityPairCorr
  0.96CISOX Calamos InternationalPairCorr
  0.98CMNIX Calamos Market NeutralPairCorr
  0.97CMRCX Columbia Marsico GrowthPairCorr
  0.97CMRAX Columbia Large CapPairCorr
  0.96CMRGX Calamos Investment TrustPairCorr
  0.99CNWIX Calamos Evolving WorldPairCorr
  0.99CNWGX 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 High 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 High'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.56  0.08  0.07  0.24  0.50 
 1.38 
 3.81 
SROAX  0.58  0.08  0.06  0.23  0.52 
 1.38 
 3.73 
SROCX  0.58  0.08  0.06  0.23  0.49 
 1.40 
 3.78 
SRORX  0.57  0.08  0.07  0.24  0.51 
 1.38 
 3.81 
CVAIX  0.64  0.12  0.12  0.27  0.52 
 1.94 
 4.58 
CVACX  0.64  0.12  0.12  0.26  0.51 
 1.97 
 4.64 
CVAAX  0.64  0.12  0.12  0.26  0.52 
 1.94 
 4.65 
CVGRX  0.83  0.18  0.18  0.31  0.58 
 2.53 
 5.25 
CVGCX  0.83  0.18  0.17  0.30  0.58 
 2.54 
 5.25 
CVLOX  0.44  0.17  0.14  0.48  0.00 
 1.42 
 2.69