Calamos ETF Correlations

CPSY Etf

23.50 0.02 0.09%

The current 90-days correlation between Calamos ETF Trust and Vanguard Total Stock is 0.05 (i.e., Significant diversification). The correlation of Calamos ETF 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 ETF Correlation With Market

Significant diversification

The correlation between Calamos ETF Trust and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Calamos Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calamos ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Etf

0.83	VTI	Vanguard Total Stock	Pair Corr
0.83	SPY	SPDR SP 500	Pair Corr
0.83	IVV	iShares Core SP	Pair Corr
0.78	VTV	Vanguard Value Index	Pair Corr
0.83	VUG	Vanguard Growth Index	Pair Corr
0.83	VO	Vanguard Mid Cap	Pair Corr
0.82	VB	Vanguard Small Cap	Pair Corr
0.8	ITDD	iShares Trust	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.85	JPM	JPMorgan Chase	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.63	MSFT	Microsoft Aggressive Push	Pair Corr
0.81	AXP	American Express	Pair Corr
0.71	DD	Dupont De Nemours Potential Growth	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.79	CAT	Caterpillar Sell-off Trend	Pair Corr
0.72	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.73	PFE	Pfizer Inc	Pair Corr

Moving against Calamos Etf

0.64	ULE	ProShares Ultra Euro	Pair Corr
0.4	AMPD	Tidal ETF Services	Pair Corr
0.45	KO	Coca Cola	Pair Corr
0.38	T	ATT Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.46	-0.27	-0.64	0.83	0.93	0.85	0.3	0.13	META
MSFT	0.65		0.83	0.18	-0.2	0.4	0.63	0.69	-0.02	-0.15	MSFT
UBER	0.46	0.83		0.29	-0.08	0.22	0.44	0.64	-0.14	-0.16	UBER
F	-0.27	0.18	0.29		0.43	-0.41	-0.38	-0.21	0.15	0.24	F
T	-0.64	-0.2	-0.08	0.43		-0.46	-0.51	-0.41	-0.01	0.22	T
A	0.83	0.4	0.22	-0.41	-0.46		0.95	0.7	0.54	0.31	A
CRM	0.93	0.63	0.44	-0.38	-0.51	0.95		0.84	0.36	0.17	CRM
JPM	0.85	0.69	0.64	-0.21	-0.41	0.7	0.84		0.04	0.13	JPM
MRK	0.3	-0.02	-0.14	0.15	-0.01	0.54	0.36	0.04		0.57	MRK
XOM	0.13	-0.15	-0.16	0.24	0.22	0.31	0.17	0.13	0.57		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.95	A
CRM	+ 0.93	META
JPM	+ 0.85	META
JPM	+ 0.84	CRM
A	+ 0.83	META
UBER	+ 0.83	MSFT

High negative correlations

T	- 0.64	META
CRM	- 0.51	T
A	- 0.46	T
JPM	- 0.41	T
A	- 0.41	F
CRM	- 0.38	F

Calamos ETF Competition Risk-Adjusted Indicators

There is a big difference between Calamos Etf performing well and Calamos ETF ETF 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 ETF'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
META	2.28	(0.01)	0.00	(0.12)	0.00	0.00	4.00	(4.67)	21.50
MSFT	1.41	0.21	0.12	0.09	1.58	(1.46)	3.19	(3.02)	13.79
UBER	2.21	0.47	0.15	0.24	2.57	(2.31)	5.40	(3.30)	14.78
F	1.81	0.35	0.14	0.24	2.26	(1.92)	3.19	(3.79)	13.11
T	1.15	0.29	0.15	0.65	2.21	(1.15)	1.97	(3.02)	8.94
A	1.63	(0.35)	0.00	(0.43)	0.00	0.00	2.76	(5.45)	14.45
CRM	1.74	(0.12)	0.00	(0.21)	0.00	0.00	2.91	(4.45)	13.13
JPM	1.59	(0.06)	0.00	(0.38)	0.00	0.00	2.88	(4.15)	11.14
MRK	1.42	(0.09)	0.00	(0.31)	0.00	0.00	2.43	(4.59)	9.07
XOM	1.41	(0.01)	0.04	0.44	2.41	(1.29)	2.80	(3.21)	10.54

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