Calamos High Correlations

Mutual Funds . USA . 
Fund . Calamos High Income
CHYDX Fund  USD 7.75  0.02  0.26%   
The current 90-days correlation between Calamos High Income and Needham Aggressive Growth is 0.05 (i.e., Significant 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

Significant diversification

The correlation between Calamos High Income and DJI is 0.05 (i.e., Significant 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 unemployment.

Moving together with Calamos Mutual Fund

  0.89SROIX Calamos AntetokounmpoPairCorr
  0.94SROAX Innealta Capital SectorPairCorr
  0.89SROCX Calamos AntetokounmpoPairCorr
  0.89SRORX Calamos AntetokounmpoPairCorr
  0.89CVAIX Calamos OpportunisticPairCorr
  0.94CVACX Calamos OpportunisticPairCorr
  0.94CVAAX Calamos OpportunisticPairCorr
  0.92CVGRX Calamos GrowthPairCorr
  0.92CVGCX Calamos GrowthPairCorr
  0.92CVLOX Calamos Global GrowthPairCorr
  0.92CVLCX Calamos Global GrowthPairCorr
  0.92CVSIX Calamos Market NeutralPairCorr
  0.87CVSCX Calamos Market NeutralPairCorr
  0.95CVTCX Calamos Growth IncomePairCorr
  0.86CVSOX Calamos Market NeutralPairCorr
  0.95CVTRX Calamos Growth IncomePairCorr
  0.96CXGCX Calamos Global VertiblePairCorr
  0.88CGCIX Calamos Global GrowthPairCorr
  0.88CGEOX Calamos Global EquityPairCorr
  0.9CGIOX Calamos Growth AndPairCorr
  0.95CGIIX Calamos Growth IncomePairCorr
  0.88CGRIX Calamos GrowthPairCorr
  0.9CIDVX Calamos Dividend GrowthPairCorr
  0.95CICVX Calamos VertiblePairCorr
  0.93CIGRX Calamos InternationalPairCorr
  0.87CIGOX Calamos InternationalPairCorr
  0.87CIGIX Calamos InternationalPairCorr
  0.88CIGEX Calamos Global EquityPairCorr
  0.93CIGCX Calamos InternationalPairCorr
  0.97CIHYX Calamos High IncomePairCorr
  0.89CIHEX Calamos Hedged EquityPairCorr
  0.83CISOX Calamos InternationalPairCorr
  0.86CMNIX Calamos Market NeutralPairCorr
  0.96CMRCX Columbia Marsico GrowthPairCorr
  0.97CMRAX Columbia Large CapPairCorr
  0.97CMRGX Calamos Investment TrustPairCorr
  0.96CNWIX Calamos Evolving WorldPairCorr
  0.96CNWGX Calamos Evolving WorldPairCorr
  0.96CNWDX 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.

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