Calamos International Correlations

CIGCX Fund

USD 18.28 0.17 0.94%

The current 90-days correlation between Calamos International and Calamos Antetokounmpo Sustainable is 0.8 (i.e., Very poor diversification). The correlation of Calamos International 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 International Correlation With Market

Very weak diversification

The correlation between Calamos International Growth and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos International Growth 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 International Growth. 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

1.0	CIGRX	Calamos International	Pair Corr
1.0	CIGOX	Calamos International	Pair Corr
1.0	CIGIX	Calamos International	Pair Corr
0.94	CISOX	Calamos International	Pair Corr

Moving against Calamos Mutual Fund

0.34	CPLIX	Calamos Phineus Longshort	Pair Corr
0.34	CPLSX	Calamos Phineus Longshort	Pair Corr
0.32	CPCLX	Calamos Phineus Longshort	Pair Corr

Related Correlations Analysis

	SROIX	SROCX	SRORX	CVAIX	CVACX	CVAAX	CVGRX	CVGCX	CVLOX	CVLCX
SROIX		1.0	1.0	0.9	0.9	0.9	0.86	0.86	0.95	0.95	SROIX
SROCX	1.0		1.0	0.88	0.88	0.88	0.84	0.84	0.95	0.95	SROCX
SRORX	1.0	1.0		0.9	0.9	0.9	0.86	0.86	0.95	0.95	SRORX
CVAIX	0.9	0.88	0.9		1.0	1.0	0.99	0.99	0.9	0.89	CVAIX
CVACX	0.9	0.88	0.9	1.0		1.0	0.99	0.99	0.91	0.89	CVACX
CVAAX	0.9	0.88	0.9	1.0	1.0		0.99	0.99	0.9	0.89	CVAAX
CVGRX	0.86	0.84	0.86	0.99	0.99	0.99		1.0	0.87	0.85	CVGRX
CVGCX	0.86	0.84	0.86	0.99	0.99	0.99	1.0		0.87	0.86	CVGCX
CVLOX	0.95	0.95	0.95	0.9	0.91	0.9	0.87	0.87		1.0	CVLOX
CVLCX	0.95	0.95	0.95	0.89	0.89	0.89	0.85	0.86	1.0		CVLCX
	SROIX	SROCX	SRORX	CVAIX	CVACX	CVAAX	CVGRX	CVGCX	CVLOX	CVLCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

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