Calamos Convertible Correlations

CHY Fund

USD 11.12 0.24 2.21%

The current 90-days correlation between Calamos Convertible And and T Rowe Price is -0.19 (i.e., Good 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.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Calamos Fund

0.77	NCZ	Allianzgi Convertible	Pair Corr
0.89	KF	Korea Closed	Pair Corr
0.83	GLO	Clough Global Opport	Pair Corr
0.85	GPICX	Guidepath Conservative	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.84	IBM	International Business	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.74	AXP	American Express	Pair Corr

Moving against Calamos Fund

0.83	T	ATT Inc	Pair Corr
0.62	BA	Boeing	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.37	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	TRRJX	TBLSX	IMDRX	FLJSX	VFORX	FHRVX	TBLDX	TBLCX
TRRJX		0.99	0.98	0.98	0.99	0.96	0.99	0.99	TRRJX
TBLSX	0.99		0.98	0.98	1.0	0.99	1.0	1.0	TBLSX
IMDRX	0.98	0.98		0.95	0.98	0.98	0.98	0.98	IMDRX
FLJSX	0.98	0.98	0.95		0.99	0.95	0.98	0.98	FLJSX
VFORX	0.99	1.0	0.98	0.99		0.98	1.0	1.0	VFORX
FHRVX	0.96	0.99	0.98	0.95	0.98		0.98	0.99	FHRVX
TBLDX	0.99	1.0	0.98	0.98	1.0	0.98		1.0	TBLDX
TBLCX	0.99	1.0	0.98	0.98	1.0	0.99	1.0		TBLCX
	TRRJX	TBLSX	IMDRX	FLJSX	VFORX	FHRVX	TBLDX	TBLCX

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
TRRJX	0.39	0.02	0.02	0.05	0.60	(0.36)	0.84	(0.87)	2.60
TBLSX	0.26	0.01	(0.01)	0.04	0.34	(0.27)	0.56	(0.64)	1.67
IMDRX	0.32	0.02	0.02	0.06	0.43	(0.32)	0.64	(0.69)	2.01
FLJSX	0.49	0.02	0.01	0.04	0.78	(0.47)	0.98	(1.15)	3.40
VFORX	0.41	0.02	0.03	0.06	0.61	(0.38)	0.87	(0.96)	2.64
FHRVX	0.21	0.01	(0.01)	0.06	0.21	(0.21)	0.44	(0.39)	1.31
TBLDX	0.27	0.02	0.01	0.06	0.34	(0.29)	0.55	(0.54)	1.73
TBLCX	0.24	0.01	(0.01)	0.04	0.33	(0.25)	0.56	(0.55)	1.67

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Calamos Convertible Correlations

Moving together with Calamos Fund

Moving against Calamos Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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