Calamos Phineus Correlations

Mutual Funds . USA . 
Fund . Calamos Phineus Longshort
CPLIX Fund  USD 18.12  0.04  0.22%   
The current 90-days correlation between Calamos Phineus Longshort and Calamos Antetokounmpo Sustainable is 0.78 (i.e., Poor diversification). The correlation of Calamos Phineus 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 Phineus Correlation With Market

Very poor diversification

The correlation between Calamos Phineus Longshort and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Phineus Longshort 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 Phineus Longshort. 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 gross domestic product.

Moving together with Calamos Mutual Fund

  0.98SROAX Innealta Capital SectorPairCorr
  0.99CVACX Calamos OpportunisticPairCorr
  0.99CVAAX Calamos OpportunisticPairCorr
  0.98CVGRX Calamos GrowthPairCorr
  0.98CVGCX Calamos GrowthPairCorr
  0.98CVLOX Calamos Global GrowthPairCorr
  0.94CVSIX Calamos Market NeutralPairCorr
  0.99CVTRX Calamos Growth IncomePairCorr
  0.98CXGCX Calamos Global VertiblePairCorr
  0.98CGCIX Calamos Global GrowthPairCorr
  0.98CGRIX Calamos GrowthPairCorr
  0.98CHYDX Calamos High IncomePairCorr
  0.96CIGRX Calamos InternationalPairCorr
  0.98CIHYX Calamos High IncomePairCorr
  0.99CIHEX Calamos Hedged EquityPairCorr
  0.95CISOX Calamos InternationalPairCorr
  0.97CMNIX Calamos Market NeutralPairCorr
  0.97CNWGX Calamos Evolving WorldPairCorr
  1.0CPCLX Calamos Phineus LongshortPairCorr
  1.0CPLSX Calamos Phineus LongshortPairCorr
  0.95CRLSX Calamos LongshortPairCorr
  0.98CAGEX Calamos Global EquityPairCorr
  0.92CSTBX Calamos Short TermPairCorr
  0.92CTAGX Calamos Timpani SmidPairCorr
  0.92CTOGX Calamos Timpani SmidPairCorr
  0.98CCHYX Calamos High IncomePairCorr
  0.99CCVIX Calamos ConvertiblePairCorr
  0.87NLSCX Neuberger Berman LongPairCorr
  0.88NLSAX Neuberger Berman LongPairCorr
  0.89NLSIX Neuberger Berman LongPairCorr
  0.89QLERX Aqr Long ShortPairCorr
  0.98DHLSX Diamond Hill LongPairCorr
  0.98DIAYX Diamond Hill LongPairCorr
  0.98DIAMX Diamond Hill LongPairCorr
  0.99ASLAX Ab Select LongshortPairCorr
  0.96CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr

Moving against Calamos Mutual Fund

  0.61PWLMX Pimco Rae WorldwidePairCorr
  0.6PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Phineus 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 Phineus' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.56  0.08  0.07  0.24  0.50 
(0.64)
 1.38 
(1.16)
 3.81 
SROAX  0.58  0.08  0.06  0.23  0.52 
(0.64)
 1.38 
(1.24)
 3.73 
SROCX  0.58  0.08  0.06  0.23  0.49 
(0.67)
 1.40 
(1.25)
 3.78 
SRORX  0.57  0.08  0.07  0.24  0.51 
(0.64)
 1.38 
(1.23)
 3.81 
CVAIX  0.64  0.12  0.12  0.27  0.52 
(0.76)
 1.94 
(1.21)
 4.58 
CVACX  0.64  0.12  0.12  0.26  0.51 
(0.77)
 1.97 
(1.26)
 4.64 
CVAAX  0.64  0.12  0.12  0.26  0.52 
(0.78)
 1.94 
(1.23)
 4.65 
CVGRX  0.83  0.18  0.18  0.31  0.58 
(0.98)
 2.53 
(1.32)
 5.25 
CVGCX  0.83  0.18  0.17  0.30  0.58 
(1.03)
 2.54 
(1.30)
 5.25 
CVLOX  0.44  0.17  0.14  0.48  0.00 
(0.54)
 1.42 
(0.87)
 2.69 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY