Calamos Growth Correlations

Mutual Funds . USA . 
Fund . Calamos Growth Income
CVTRX Fund  USD 49.93  0.01  0.02%   
The current 90-days correlation between Calamos Growth Income and Calamos Growth Fund is 0.99 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Calamos Growth Income and DJI is 0.97 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Calamos Mutual Fund

  1.0SROIX Calamos AntetokounmpoPairCorr
  0.9SROAX Innealta Capital SectorPairCorr
  0.9SROCX Calamos AntetokounmpoPairCorr
  0.9SRORX Calamos AntetokounmpoPairCorr
  0.9CVAIX Calamos OpportunisticPairCorr
  0.9CVACX Calamos OpportunisticPairCorr
  1.0CVAAX Calamos OpportunisticPairCorr
  0.99CVGRX Calamos GrowthPairCorr
  0.94CVGCX Calamos GrowthPairCorr
  0.98CVLOX Calamos Global GrowthPairCorr
  0.89CVLCX Calamos Global GrowthPairCorr
  0.98CVSIX Calamos Market NeutralPairCorr
  0.89CVSCX Calamos Market NeutralPairCorr
  0.89CVTCX Calamos Growth IncomePairCorr
  0.89CVSOX Calamos Market NeutralPairCorr
  0.91CXGCX Calamos Global VertiblePairCorr
  0.89CGCIX Calamos Global GrowthPairCorr
  0.88CGEOX Calamos Global EquityPairCorr
  0.9CGIOX Calamos Growth AndPairCorr
  0.9CGIIX Calamos Growth IncomePairCorr
  0.89CGRIX Calamos GrowthPairCorr
  0.89CHYDX Calamos High IncomePairCorr
  0.89CIDVX Calamos Dividend GrowthPairCorr
  0.89CICVX Calamos VertiblePairCorr
  0.89CIGRX Calamos InternationalPairCorr
  0.89CIGOX Calamos InternationalPairCorr
  0.93CIGIX Calamos InternationalPairCorr
  0.88CIGEX Calamos Global EquityPairCorr
  0.89CIGCX Calamos InternationalPairCorr
  0.89CIHYX Calamos High IncomePairCorr
  0.9CIHEX Calamos Hedged EquityPairCorr
  0.92CISOX Calamos InternationalPairCorr
  0.98CMNIX Calamos Market NeutralPairCorr
  0.87CMRCX Columbia Marsico GrowthPairCorr
  0.87CMRAX Columbia Large CapPairCorr
  0.95CMRGX Calamos Investment TrustPairCorr
  0.9CNWIX Calamos Evolving WorldPairCorr
  0.96CNWGX Calamos Evolving WorldPairCorr
  0.9CNWDX 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 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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