Calamos Strategic Correlations

CSQ Fund

USD 18.34 0.07 0.38%

The current 90-days correlation between Calamos Strategic Total and Calamos LongShort Equity is 0.33 (i.e., Weak diversification). The correlation of Calamos Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Calamos Strategic Total and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Strategic Total 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 Strategic Total. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Calamos Fund

0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTISX	Vanguard Total Inter	Pair Corr
0.98	VTSNX	Vanguard Total Inter	Pair Corr
0.98	VTPSX	Vanguard Total Inter	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.98	OAZMX	Oakmark Fund R6	Pair Corr
0.99	FAHYX	Fidelity Advisor High	Pair Corr
0.98	JECIX	John Hancock Var	Pair Corr
0.97	MISMX	Matthews Asia Small	Pair Corr
1.0	CBLAX	Columbia Balanced	Pair Corr
0.93	KAMCX	Kensington Managed Income	Pair Corr
0.92	DCARX	Dfa California Municipal	Pair Corr
0.96	BGHSX	Brandywineglobal High	Pair Corr
0.99	JGMCX	Janus Triton	Pair Corr
0.94	BUBSX	Baird Ultra Short	Pair Corr
1.0	FLCNX	Fidelity Contrafund	Pair Corr
0.98	ETJ	Eaton Vance Risk	Pair Corr
0.95	PNRZX	Pgim Jennison Natural	Pair Corr
0.99	AAIYX	Alger Mid Cap Steady Growth	Pair Corr
0.87	IORLX	Aim Taxexempt Funds	Pair Corr
0.99	PGBEX	Blue Chip Fund	Pair Corr
0.97	RYCVX	Dow 2x Strategy	Pair Corr
1.0	QIBGX	Federated Mdt Balanced	Pair Corr
1.0	CSGCX	Calvert Balanced Por	Pair Corr
0.97	FTZFX	Fuller Thaler Behavioral	Pair Corr
0.98	ANVHX	American Century Non	Pair Corr
0.99	TEMUX	Emerging Markets Equity	Pair Corr
0.94	STMUX	Invesco Short Term	Pair Corr
0.97	CHY	Calamos Convertible And	Pair Corr
0.64	BCPAX	Brandes E Plus	Pair Corr
0.65	FBIOX	Biotechnology Portfolio	Pair Corr
0.98	MXEOX	Great West Emerging	Pair Corr
0.99	BLARX	Lord Abbett Balanced	Pair Corr
0.92	GPPSX	Goldman Sachs Short	Pair Corr
1.0	CLREX	Columbia Balanced	Pair Corr

Related Correlations Analysis

	CHI	CCD	CHW	CPZ	CHY	ETG	HTD	ETO	ETV
CHI		0.07	0.96	0.9	0.95	0.94	0.86	0.94	0.94	CHI
CCD	0.07		-0.15	-0.26	-0.19	-0.17	-0.01	-0.19	-0.16	CCD
CHW	0.96	-0.15		0.97	0.97	0.99	0.85	0.99	0.98	CHW
CPZ	0.9	-0.26	0.97		0.96	0.97	0.83	0.98	0.96	CPZ
CHY	0.95	-0.19	0.97	0.96		0.96	0.87	0.97	0.95	CHY
ETG	0.94	-0.17	0.99	0.97	0.96		0.83	0.99	0.98	ETG
HTD	0.86	-0.01	0.85	0.83	0.87	0.83		0.86	0.83	HTD
ETO	0.94	-0.19	0.99	0.98	0.97	0.99	0.86		0.98	ETO
ETV	0.94	-0.16	0.98	0.96	0.95	0.98	0.83	0.98		ETV
	CHI	CCD	CHW	CPZ	CHY	ETG	HTD	ETO	ETV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ETG	+ 0.99	CHW
ETO	+ 0.99	CHW
ETO	+ 0.99	ETG
ETV	+ 0.98	CHW
ETO	+ 0.98	CPZ
ETV	+ 0.98	ETG

High negative correlations

CPZ	- 0.26	CCD
ETO	- 0.19	CCD
CHY	- 0.19	CCD
ETG	- 0.17	CCD
ETV	- 0.16	CCD
CHW	- 0.15	CCD

Risk-Adjusted Indicators

There is a big difference between Calamos Fund performing well and Calamos Strategic 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 Strategic'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
CHI	0.59	0.13	0.07	0.36	0.55	(0.67)	1.85	(0.87)	4.81
CCD	0.62	(0.02)	(0.10)	0.09	0.83	(0.65)	1.32	(1.03)	4.97
CHW	0.60	0.21	0.19	0.53	0.26	(0.71)	1.85	(0.88)	3.46
CPZ	0.47	0.17	0.10	2.50	0.00	(0.59)	1.11	(0.63)	2.66
CHY	0.55	0.16	0.11	0.50	0.43	(0.65)	1.38	(1.04)	3.35
ETG	0.69	0.18	0.13	0.37	0.67	(0.77)	1.71	(1.26)	4.07
HTD	0.70	0.07	0.02	0.25	0.70	(0.76)	1.40	(1.46)	5.51
ETO	0.73	0.15	0.11	0.33	0.73	(0.80)	1.97	(1.21)	4.21
ETV	0.65	0.06	0.03	0.21	0.79	(0.70)	1.98	(1.23)	4.21

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