Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTCX Fund  USD 52.43  0.26  0.50%   
The current 90-days correlation between Calamos Growth Income and Calamos Growth Fund is 0.97 (i.e., Almost no diversification). The correlation of Calamos Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Calamos Growth Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Growth Income 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 Growth Income. 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 main economic indicators.

Moving together with Calamos Mutual Fund

  1.0SROIX Calamos AntetokounmpoPairCorr
  1.0SROAX Innealta Capital SectorPairCorr
  1.0SROCX Calamos AntetokounmpoPairCorr
  1.0SRORX Calamos AntetokounmpoPairCorr
  0.69CVAIX Calamos OpportunisticPairCorr
  1.0CVACX Calamos OpportunisticPairCorr
  0.69CVAAX Calamos OpportunisticPairCorr
  0.69CVGRX Calamos GrowthPairCorr
  1.0CVGCX Calamos GrowthPairCorr
  0.65CVLOX Calamos Global GrowthPairCorr
  1.0CVLCX Calamos Global GrowthPairCorr
  0.98CVSCX Calamos Market NeutralPairCorr
  0.99CVSOX Calamos Market NeutralPairCorr
  1.0CVTRX Calamos Growth IncomePairCorr
  0.84CXGCX Calamos Global VertiblePairCorr
  1.0CGCIX Calamos Global GrowthPairCorr
  0.99CGEOX Calamos Global EquityPairCorr
  1.0CGIOX Calamos Growth AndPairCorr
  0.85CGRIX Calamos GrowthPairCorr
  0.99CHYDX Calamos High IncomePairCorr
  0.69CIDVX Calamos Dividend GrowthPairCorr
  0.65CICVX Calamos VertiblePairCorr
  0.98CIGRX Calamos InternationalPairCorr
  0.98CIGOX Calamos InternationalPairCorr
  0.98CIGIX Calamos InternationalPairCorr
  0.86CIHYX Calamos High IncomePairCorr
  1.0CIHEX Calamos Hedged EquityPairCorr
  0.95CISOX Calamos InternationalPairCorr
  0.99CMNIX Calamos Market NeutralPairCorr
  0.98CNWIX Calamos Evolving WorldPairCorr
  0.98CNWGX Calamos Evolving WorldPairCorr
  0.99CPCLX Calamos Phineus LongshortPairCorr
  0.86CPLIX Calamos Phineus LongshortPairCorr
  0.86CPLSX Calamos Phineus LongshortPairCorr
  0.99CAGEX Calamos Global EquityPairCorr
  0.99CAGCX Calamos Global VertiblePairCorr
  0.81CSTIX Calamos Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Growth 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 Growth'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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