Calamos Longshort Correlations

Mutual Funds . USA . 
Fund . Calamos Longshort Fund
CRLSX Fund  USD 10.94  0.03  0.27%   
The current 90-days correlation between Calamos Longshort and Semiconductor Ultrasector Profund is 0.61 (i.e., Poor diversification). The correlation of Calamos Longshort 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 Longshort Correlation With Market

Poor diversification

The correlation between Calamos Longshort Fund and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Longshort Fund 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 Longshort Fund. 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 state.

Moving together with Calamos Mutual Fund

  0.98SROIX Calamos AntetokounmpoPairCorr
  0.98SROAX Innealta Capital SectorPairCorr
  0.98SROCX Calamos AntetokounmpoPairCorr
  0.98SRORX Calamos AntetokounmpoPairCorr
  0.98CVAIX Calamos OpportunisticPairCorr
  0.98CVACX Calamos OpportunisticPairCorr
  0.98CVAAX Calamos OpportunisticPairCorr
  0.98CVGRX Calamos GrowthPairCorr
  0.98CVGCX Calamos GrowthPairCorr
  0.99CVLOX Calamos Global GrowthPairCorr
  0.99CVLCX Calamos Global GrowthPairCorr
  0.98CVSIX Calamos Market NeutralPairCorr
  0.98CVSCX Calamos Market NeutralPairCorr
  0.98CVTCX Calamos Growth IncomePairCorr
  0.98CVSOX Calamos Market NeutralPairCorr
  0.98CVTRX Calamos Growth IncomePairCorr
  0.99CXGCX Calamos Global VertiblePairCorr
  0.99CGCIX Calamos Global GrowthPairCorr
  0.99CGEOX Calamos Global EquityPairCorr
  0.98CGIOX Calamos Growth AndPairCorr
  0.98CGIIX Calamos Growth IncomePairCorr
  0.98CGRIX Calamos GrowthPairCorr
  0.97CHYDX Calamos High IncomePairCorr
  0.98CIDVX Calamos Dividend GrowthPairCorr
  0.97CICVX Calamos VertiblePairCorr
  0.99CIGRX Calamos InternationalPairCorr
  0.99CIGOX Calamos InternationalPairCorr
  0.99CIGIX Calamos InternationalPairCorr
  0.99CIGEX Calamos Global EquityPairCorr
  0.99CIGCX Calamos InternationalPairCorr
  0.97CIHYX Calamos High IncomePairCorr
  0.98CIHEX Calamos Hedged EquityPairCorr
  0.96CISOX Calamos InternationalPairCorr
  0.98CMNIX Calamos Market NeutralPairCorr
  0.93CMRCX Columbia Marsico GrowthPairCorr
  0.93CMRAX Columbia Large CapPairCorr
  0.93CMRGX Calamos Investment TrustPairCorr
  0.98CNWIX Calamos Evolving WorldPairCorr
  0.98CNWGX Calamos Evolving WorldPairCorr
  0.98CNWDX 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 Longshort 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 Longshort'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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