Calamos Convertible Correlations

Mutual Funds . USA . 
Fund . Calamos Vertible Fund
CCVCX Fund  USD 22.90  0.03  0.13%   
The current 90-days correlation between Calamos Convertible and Ab High Income is 0.58 (i.e., Very weak diversification). The correlation of Calamos Convertible 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 Convertible Correlation With Market

Poor diversification

The correlation between Calamos Vertible Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Vertible Fund 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 Vertible Fund. 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 main economic indicators.

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
  0.99CVACX Calamos OpportunisticPairCorr
  0.99CVAAX Calamos OpportunisticPairCorr
  0.99CVGRX Calamos GrowthPairCorr
  0.99CVGCX Calamos GrowthPairCorr
  0.99CVLOX Calamos Global GrowthPairCorr
  0.99CVLCX Calamos Global GrowthPairCorr
  0.96CVSIX Calamos Market NeutralPairCorr
  0.98CVSCX Calamos Market NeutralPairCorr
  0.99CVTCX Calamos Growth IncomePairCorr
  0.98CVSOX Calamos Market NeutralPairCorr
  0.99CVTRX Calamos Growth IncomePairCorr
  0.99CXGCX Calamos Global VertiblePairCorr
  0.99CGCIX Calamos Global GrowthPairCorr
  0.99CGEOX Calamos Global EquityPairCorr
  0.99CGIOX Calamos Growth AndPairCorr
  0.99CGIIX Calamos Growth IncomePairCorr
  0.99CGRIX Calamos GrowthPairCorr
  0.99CHYDX Calamos High IncomePairCorr
  0.99CIDVX Calamos Dividend GrowthPairCorr
  1.0CICVX Calamos VertiblePairCorr
  0.97CIGRX Calamos InternationalPairCorr
  0.97CIGOX Calamos InternationalPairCorr
  0.97CIGIX Calamos InternationalPairCorr
  0.99CIGEX Calamos Global EquityPairCorr
  0.97CIGCX Calamos InternationalPairCorr
  0.99CIHYX Calamos High IncomePairCorr
  0.99CIHEX Calamos Hedged EquityPairCorr
  0.94CISOX Calamos InternationalPairCorr
  0.98CMNIX Calamos Market NeutralPairCorr
  0.98CMRCX Columbia Marsico GrowthPairCorr
  0.98CMRAX Columbia Large CapPairCorr
  0.98CMRGX 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 Convertible 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 Convertible'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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