Calamos Phineus Correlations

Mutual Funds . USA . 
Fund . Calamos Phineus Longshort
CPLSX Fund  USD 17.08  0.01  0.06%   
The current 90-days correlation between Calamos Phineus Longshort and Calamos Phineus Longshort is 1.0 (i.e., No risk reduction). The correlation of Calamos Phineus 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 Phineus Correlation With Market

Significant diversification

The correlation between Calamos Phineus Longshort and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Phineus Longshort 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 Phineus Longshort. 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 state.

Moving together with Calamos Mutual Fund

  0.74CVAIX Calamos OpportunisticPairCorr
  0.74CVACX Calamos OpportunisticPairCorr
  0.78CVAAX Calamos OpportunisticPairCorr
  0.81CVGRX Calamos GrowthPairCorr
  0.83CVGCX Calamos GrowthPairCorr
  0.66CVLOX Calamos Global GrowthPairCorr
  0.64CVLCX Calamos Global GrowthPairCorr
  0.84CVSIX Calamos Market NeutralPairCorr
  0.85CVSCX Calamos Market NeutralPairCorr
  0.76CVTCX Calamos Growth IncomePairCorr
  0.86CVSOX Calamos Market NeutralPairCorr
  0.81CVTRX Calamos Growth IncomePairCorr
  0.71CXGCX Calamos Global VertiblePairCorr
  0.66CGCIX Calamos Global GrowthPairCorr
  0.64CGEOX Calamos Global EquityPairCorr
  0.76CGIOX Calamos Growth AndPairCorr
  0.76CGIIX Calamos Growth IncomePairCorr
  0.77CGRIX Calamos GrowthPairCorr
  0.76CIDVX Calamos Dividend GrowthPairCorr
  0.78CICVX Calamos ConvertiblePairCorr
  0.63CIGEX Calamos Global EquityPairCorr
  0.72CIHEX Calamos Hedged EquityPairCorr
  0.74CMNIX Calamos Market NeutralPairCorr

Moving against Calamos Mutual Fund

  0.42CISOX Calamos InternationalPairCorr
  0.34CIGCX Calamos InternationalPairCorr
  0.32CIGRX Calamos InternationalPairCorr
  0.49CSTIX Calamos Short TermPairCorr
  0.42CAISX Calamos InternationalPairCorr
  0.42CSGIX Calamos InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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