Calamos Convertible Correlations

CHI Fund

USD 10.12 0.08 0.78%

The current 90-days correlation between Calamos Convertible and Calamos Dynamic Convertible is 0.86 (i.e., Very poor 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.

Calamos Convertible Correlation With Market

Poor diversification

The correlation between Calamos Convertible Opportunit 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 Convertible Opportunit 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 Convertible Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Calamos Fund

0.71	KF	Korea Closed	Pair Corr
0.91	UTG	Reaves Utility If	Pair Corr
0.85	BTO	John Hancock Financial	Pair Corr
0.83	TWN	Taiwan Closed	Pair Corr
0.81	IIF	Morgan Stanley India	Pair Corr
0.9	GDV	Gabelli Dividend Income	Pair Corr
0.7	TDF	Templeton Dragon Closed	Pair Corr
0.81	UTF	Cohen And Steers	Pair Corr
0.77	RNP	Cohen Steers Reit	Pair Corr
0.87	IFN	India Closed	Pair Corr
0.87	MXFMX	Mainstay Floating Rate	Pair Corr
0.66	ASDDX	Short Duration	Pair Corr
0.9	APECX	Columbia High Yield	Pair Corr
0.91	TSCLX	Tiaa Cref Lifestyle	Pair Corr
0.93	PDIJX	Prudential Day One	Pair Corr
0.82	RGCYX	Global Opportunistic	Pair Corr
0.92	CENTX	Centerstone Investors	Pair Corr
0.9	ALMCX	Alger Smidcap Focus Potential Growth	Pair Corr
0.93	COAGX	Caldwell Orkin Market	Pair Corr
0.92	TAGGX	Goldman Sachs Tax	Pair Corr
0.92	MAGCX	Blackrock Glbl Sm	Pair Corr
0.92	GGSUX	Goldman Sachs Growth	Pair Corr
0.94	IJPTX	Vy Jpmorgan Emerging	Pair Corr
0.94	FIDZX	Fidelity Advisor Int	Pair Corr
0.9	ALAYX	Invesco Income Allocation	Pair Corr
0.88	ADNAX	American Beacon Ark	Pair Corr
0.93	TGRHX	Transamerica International	Pair Corr
0.91	PURZX	Prudential Global Real	Pair Corr
0.93	VYGNX	Voya Global Multi	Pair Corr
0.94	VTIAX	Vanguard Total Inter	Pair Corr
0.94	AEPCX	Europacific Growth	Pair Corr
0.93	PSWJX	Strategic Asset Mana	Pair Corr
0.94	FCVSX	Fidelity Vertible	Pair Corr
0.9	CNGEX	New Economy Fund	Pair Corr
0.9	BITSX	Blackrock Total Stock	Pair Corr
0.91	FDDTX	American Funds 2025	Pair Corr
0.91	DNFGX	Dunham Focused Large	Pair Corr
0.62	ASDVX	Short Duration Strategic	Pair Corr
0.91	MMFDX	Massmutual Select	Pair Corr

Related Correlations Analysis

	CCD	CHW	CSQ	CPZ	CHY	EVT	CBH	CGO	DTF	GGZ
CCD		0.43	0.39	0.23	0.45	0.48	0.0	0.35	0.49	0.35	CCD
CHW	0.43		0.99	0.94	0.98	0.93	0.0	0.99	0.75	0.98	CHW
CSQ	0.39	0.99		0.95	0.97	0.95	0.0	0.98	0.77	0.99	CSQ
CPZ	0.23	0.94	0.95		0.92	0.87	0.0	0.96	0.69	0.96	CPZ
CHY	0.45	0.98	0.97	0.92		0.93	0.0	0.97	0.75	0.96	CHY
EVT	0.48	0.93	0.95	0.87	0.93		0.0	0.9	0.8	0.93	EVT
CBH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CBH
CGO	0.35	0.99	0.98	0.96	0.97	0.9	0.0		0.72	0.98	CGO
DTF	0.49	0.75	0.77	0.69	0.75	0.8	0.0	0.72		0.74	DTF
GGZ	0.35	0.98	0.99	0.96	0.96	0.93	0.0	0.98	0.74		GGZ
	CCD	CHW	CSQ	CPZ	CHY	EVT	CBH	CGO	DTF	GGZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CSQ	+ 0.99	CHW
CGO	+ 0.99	CHW
GGZ	+ 0.99	CSQ
CHY	+ 0.98	CHW
GGZ	+ 0.98	CHW
CGO	+ 0.98	CSQ

High negative correlations

GGZ	- 0.0	CBH
DTF	- 0.0	CBH
CGO	- 0.0	CBH
CBH	- 0.0	EVT
CBH	- 0.0	CHY
CBH	- 0.0	CPZ

Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Convertible 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CCD	0.95	(0.10)	0.00	(0.08)	0.00	0.00	1.56	(2.21)	11.59
CHW	1.07	0.07	0.03	0.11	2.00	(1.00)	1.84	(2.33)	12.56
CSQ	1.23	0.11	0.04	0.12	2.09	(1.09)	2.42	(2.65)	13.03
CPZ	0.58	0.10	0.08	0.73	0.74	(0.62)	1.23	(0.98)	4.41
CHY	0.94	0.05	0.02	0.10	1.50	(0.92)	1.65	(2.51)	9.24
EVT	1.04	0.04	0.02	0.07	1.95	(0.98)	2.10	(2.39)	10.37
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CGO	1.20	0.14	0.06	0.15	1.98	(1.24)	2.32	(3.44)	15.50
DTF	0.25	(0.01)	(0.10)	(0.05)	0.31	(0.29)	0.54	(0.54)	1.61
GGZ	0.99	0.11	0.06	0.18	1.62	(0.98)	1.79	(2.72)	7.68

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC