Calamos Global Correlations

Mutual Funds USA . 
Fund . Calamos Global Vertible
CAGCX Fund  USD 12.42  0.05  0.40%   
The current 90-days correlation between Calamos Global Vertible and Rbc Global Equity is 0.65 (i.e., Poor diversification). The correlation of Calamos Global 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 Global Correlation With Market

Poor diversification

The correlation between Calamos Global Vertible and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Global Vertible 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 Global Vertible. 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

  0.85SROIX Calamos AntetokounmpoPairCorr
  0.83SROCX Calamos AntetokounmpoPairCorr
  0.85SRORX Calamos AntetokounmpoPairCorr
  0.9CVAIX Calamos OpportunisticPairCorr
  0.9CVACX Calamos OpportunisticPairCorr
  0.9CVAAX Calamos OpportunisticPairCorr
  0.88CVGRX Calamos GrowthPairCorr
  0.88CVGCX Calamos GrowthPairCorr
  0.92CVLOX Calamos Global GrowthPairCorr
  0.91CVLCX Calamos Global GrowthPairCorr
  0.9CVSIX Calamos Market NeutralPairCorr
  0.91CVSCX Calamos Market NeutralPairCorr
  0.92CVTCX Calamos Growth IncomePairCorr
  0.9CVSOX Calamos Market NeutralPairCorr
  0.92CVTRX Calamos Growth IncomePairCorr
  1.0CXGCX Calamos Global VertiblePairCorr
  0.92CGCIX Calamos Global GrowthPairCorr
  0.89CGEOX Calamos Global EquityPairCorr
  0.92CGIOX Calamos Growth AndPairCorr
  0.92CGIIX Calamos Growth IncomePairCorr
  0.88CGRIX Calamos GrowthPairCorr
  0.89CHYDX Calamos High IncomePairCorr
  0.91CIDVX Calamos Dividend GrowthPairCorr
  0.9CICVX Calamos ConvertiblePairCorr
  0.89CIGEX Calamos Global EquityPairCorr
  0.9CIHYX Calamos High IncomePairCorr
  0.93CIHEX Calamos Hedged EquityPairCorr
  0.91CMNIX Calamos Market NeutralPairCorr
  0.66CMRCX Columbia Marsico GrowthPairCorr
  0.7CMRAX Columbia Large CapPairCorr
  0.74CNWIX Calamos Evolving WorldPairCorr
  0.74CNWGX Calamos Evolving WorldPairCorr
  0.73CNWDX Calamos Evolving WorldPairCorr
  0.71CPCLX Calamos Phineus LongshortPairCorr
  0.72CPLIX Calamos Phineus LongshortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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