Calamos International Correlations

Mutual Funds . USA . 
Fund . Calamos International Growth
CIGRX Fund  USD 22.39  0.35  1.54%   
The current 90-days correlation between Calamos International and Calamos Global Growth is 0.94 (i.e., Almost no diversification). The correlation of Calamos International 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 International Correlation With Market

Very poor diversification

The correlation between Calamos International Growth and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos International Growth 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 International Growth. 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 metropolitan statistical area.

Moving together with Calamos Mutual Fund

  0.97SROIX Calamos AntetokounmpoPairCorr
  0.97SROAX Innealta Capital SectorPairCorr
  0.97SROCX Calamos AntetokounmpoPairCorr
  0.97SRORX Calamos AntetokounmpoPairCorr
  0.96CVAIX Calamos OpportunisticPairCorr
  0.96CVACX Calamos OpportunisticPairCorr
  0.96CVAAX Calamos OpportunisticPairCorr
  0.96CVGRX Calamos GrowthPairCorr
  0.96CVGCX Calamos GrowthPairCorr
  0.98CVLOX Calamos Global GrowthPairCorr
  0.98CVLCX Calamos Global GrowthPairCorr
  0.97CVSIX Calamos Market NeutralPairCorr
  0.97CVSCX Calamos Market NeutralPairCorr
  0.96CVTCX Calamos Growth IncomePairCorr
  0.97CVSOX Calamos Market NeutralPairCorr
  0.96CVTRX Calamos Growth IncomePairCorr
  0.98CXGCX Calamos Global VertiblePairCorr
  0.98CGCIX Calamos Global GrowthPairCorr
  0.98CGEOX Calamos Global EquityPairCorr
  0.96CGIOX Calamos Growth AndPairCorr
  0.96CGIIX Calamos Growth IncomePairCorr
  0.96CGRIX Calamos GrowthPairCorr
  0.93CHYDX Calamos High IncomePairCorr
  0.96CIDVX Calamos Dividend GrowthPairCorr
  0.97CICVX Calamos VertiblePairCorr
  1.0CIGOX Calamos InternationalPairCorr
  1.0CIGIX Calamos InternationalPairCorr
  0.98CIGEX Calamos Global EquityPairCorr
  1.0CIGCX Calamos InternationalPairCorr
  0.93CIHYX Calamos High IncomePairCorr
  0.96CIHEX Calamos Hedged EquityPairCorr
  0.95CISOX Calamos InternationalPairCorr
  0.97CMNIX Calamos Market NeutralPairCorr
  0.89CMRCX Columbia Marsico GrowthPairCorr
  0.9CMRAX Columbia Large CapPairCorr
  0.91CMRGX Calamos Investment TrustPairCorr
  0.97CNWIX Calamos Evolving WorldPairCorr
  0.97CNWGX Calamos Evolving WorldPairCorr
  0.97CNWDX 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 International 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 International'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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