Calamos High Correlations

Mutual Funds . USA . 
Fund . Calamos High Income
CHYDX Fund  USD 7.85  0.03  0.38%   
The current 90-days correlation between Calamos High Income and Calamos Antetokounmpo Sustainable is 0.3 (i.e., Weak diversification). The correlation of Calamos High 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 High Correlation With Market

Weak diversification

The correlation between Calamos High Income and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos High 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 High 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 unemployment.

Moving together with Calamos Mutual Fund

  0.77SROIX Calamos AntetokounmpoPairCorr
  0.75SROCX Calamos AntetokounmpoPairCorr
  0.77SRORX Calamos AntetokounmpoPairCorr
  0.84CVAIX Calamos OpportunisticPairCorr
  0.84CVACX Calamos OpportunisticPairCorr
  0.84CVAAX Calamos OpportunisticPairCorr
  0.84CVGRX Calamos GrowthPairCorr
  0.84CVGCX Calamos GrowthPairCorr
  0.76CVLOX Calamos Global GrowthPairCorr
  0.74CVLCX Calamos Global GrowthPairCorr
  0.88CVSIX Calamos Market NeutralPairCorr
  0.89CVSCX Calamos Market NeutralPairCorr
  0.86CVTCX Calamos Growth IncomePairCorr
  0.88CVSOX Calamos Market NeutralPairCorr
  0.86CVTRX Calamos Growth IncomePairCorr
  0.89CXGCX Calamos Global VertiblePairCorr
  0.76CGCIX Calamos Global GrowthPairCorr
  0.78CGEOX Calamos Global EquityPairCorr
  0.86CGIOX Calamos Growth AndPairCorr
  0.86CGIIX Calamos Growth IncomePairCorr
  0.84CGRIX Calamos GrowthPairCorr
  0.85CIDVX Calamos Dividend GrowthPairCorr
  0.85CICVX Calamos ConvertiblePairCorr
  0.99CIHYX Calamos High IncomePairCorr
  0.87CIHEX Calamos Hedged EquityPairCorr
  0.88CMNIX Calamos Market NeutralPairCorr
  0.64CPCLX Calamos Phineus LongshortPairCorr
  0.67CPLIX Calamos Phineus LongshortPairCorr
  0.66CPLSX Calamos Phineus LongshortPairCorr

Moving against Calamos Mutual Fund

  0.43CTRCX Calamos Total ReturnPairCorr
  0.41CTRAX Calamos Total ReturnPairCorr
  0.4CTRIX Calamos Total ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos High 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 High'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SROIX  0.52 (0.03)(0.11) 0.07  0.65 
(0.56)
 1.04 
(1.30)
 3.47 
SROCX  0.52 (0.04)(0.12) 0.06  0.65 
(0.55)
 1.05 
(1.26)
 3.52 
SRORX  0.52 (0.04)(0.11) 0.07  0.64 
(0.56)
 1.11 
(1.25)
 3.47 
CVAIX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.66)
 4.11 
CVACX  0.57  0.00 (0.02) 0.13  0.70 
(0.66)
 1.14 
(1.71)
 4.19 
CVAAX  0.57  0.01 (0.02) 0.14  0.70 
(0.66)
 1.11 
(1.70)
 4.16 
CVGRX  0.71  0.03  0.02  0.16  0.96 
(0.69)
 1.62 
(2.15)
 4.90 
CVGCX  0.70  0.03  0.01  0.16  0.97 
(0.68)
 1.63 
(2.20)
 4.91 
CVLOX  0.45 (0.03)(0.13) 0.07  0.55 
(0.52)
 1.00 
(0.98)
 3.00 
CVLCX  0.46 (0.04)(0.12) 0.07  0.57 
(0.52)
 1.00 
(1.00)
 3.03 

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY